FG Suspends 4% FOB Customs Charge After Backlash, Import Costs to Drop

[ad_1] The Nigerian government has suspended the controversial Free-On-Board (FOB) levy introduced by the Nigerian Customs Service The government announced the decision in a memo issued by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun The levy, which was introduced early this year, has generated controversy …

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Evergrande Delisted in Hong Kong as $300B Debt Unravels

[ad_1] On Aug. 25, China Evergrande Group was delisted from Hong Kong’s stock exchange. Earlier in the month, Hong Kong Exchanges and Clearing notified the world’s most indebted property developer that its listing would be cancelled for failure “to fulfill any of the requirements” to resume trading, Evergrande said in …

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Europe slow to match economic rivals US, China: Draghi

[ad_1] Europe needs to act faster to overhaul its economy, said former European Central Bank chief Mario Draghi. Photo: Ina FASSBENDER / AFP/FileSource: AFP The European Union is “failing to match the speed of change” in the United States and China and must act urgently on economic reforms to avoid …

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Calm launches standalone iOS app for sleep support

[ad_1] Calm is launching a new standalone app for more personalized sleep support, the company announced on Tuesday. The new Calm Sleep app is available on iOS and is designed to help people wind down, sleep better, and wake up refreshed, Calm says. The app features Calm’s content with new …

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Eli Lilly Raises $6.75B via Rare 40-Year Bond Offering

[ad_1] Eli Lilly is making waves in the corporate debt market with a $6.75 billion multi-tranche bond sale that includes a rare 40-year note: an unusual move for a pharmaceutical company. Most corporate bonds mature in five to 30 years. Analysts say the deal, which went to market last month, …

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Google launches new protocol for agent-driven purchases

[ad_1] On Tuesday, Google announced a new open protocol for purchases initiated by AI agents — automated software programs that can shop and make decisions on behalf of users — with backing from more than 60 merchants and financial institutions. Called the Agent Payments Protocol (AP2), the system is meant …

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Treasury’s Strategic Role in M&A: AI and Advisory Insights

[ad_1] Home Transaction Banking Treasury’s Strategic Role in M&A: From Deal Support To Strategic Integration Treasury is assuming a larger role in making M&A deals successful, demanding a more proactive and strategically integrated organization. Mergers and acquisitions pose unique challenges for the treasury department. A successful integration requires proactive management …

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$27B Giant to List 2 Companies by 2026

[ad_1] One wedding, one divorce. That’s how American group Keurig Dr. Pepper pitched to Wall Street its €15.7 billion (about $18 billion) takeover of Dutch coffee giant JDE Peet’s. When CEO Tim Cofer announced the deal in August, he barely paused before revealing his next move: a plan to split …

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