Elon Musk’s historic wealth gains unravel with $27 billion loss in 5 days
Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway, and it’s steep. The Tesla Inc. chief executive officer lost $27 billion since Monday as shares of the automaker tumbled in the selloff of…
AGRA Update: Withheld documents show no evidence of progress. By Timothy A. Wise
Internal evaluations carried out by the Alliance for a Green Revolution in Africa (AGRA), recently obtained by the U.S. Right to Know (USRTK) campaign through Freedom of Information Act (FOIA) requests, show no new evidence that AGRA is making progress improving yields, incomes and food…
Northern traders call-off strike. *FG agreed to pay N4.75bn compensation
The Amalgamated Union of Foodstuffs and Cattle Dealers in Nigeria (AUFCDN) has called off its nationwide strike after the Federal Government agreed to pay N4.75 billion to them. President of AUFCDN, Comrade Muhammad Tahir, disclosed this after a meeting with the Federal Government presided over…
Okonjo-Iweala first assignment as WTO new chief, pushes for fisheries deal
The new head of the World Trade Organisation has thrown her support behind efforts among member countries to agree on fisheries subsidies that could reduce overfishing. Director-general Ngozi Okonjo-Iweala, a Nigerian economist and former government minister, called the efforts a top priority on her first…
Nigeria central bank governor defends digital currency ban
The Central Bank of Nigeria believes the recent ban on digital currencies was in the best interest of the public. Speaking during a recent Senate hearing, the CBN governor Godwin Emefiele further claimed that digital currencies are not legitimate money. CBN issued a circular two…
Bitcoin’s Long-Term Value Doubted Due to ESG, Tighter Regulation
Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years. Bitcoin is nursing losses after its worst weekly plunge in almost a…
How The Pandemic Changed The Spending Habits Of The Super-Rich. By Ollie Williams
How European billionaires spend their time and money. Javed Fiyaz has about 50 watches, including timepieces formerly owned by the Sultan of Brunei and Prince Charles. “I collect some for passion and sometimes for investment,” he says. It’s the passion part that is paying off….
CBN regulate Crypto-currencies not ban – Osinbajo
Nigeria’s vice president Yemi Osinbajo Friday called for the regulation of cryptocurrencies in the country, as against the prohibition of digital currencies. “There is a role for regulation here,” Osinbajo said at the Bankers Committee Vanguard in Lagos State. “And it is in the place…
4 Classic Business Books Recommended by Jeff Becos, Bill Gates,and Mark Zukerberg
These Books can save us from years of trial and error and monumental mistakes. A book contains experiments. Decades of learning. It allows us to discover in 100 or 200 pages all the author’s thoughts and experiences. For only ten dollars! It’s magic, isn’t it? If…
Climate change: Heathrow Airport launches blueprint for zero carbon domestic flight
The two successful projects being researched by Heathrow . Heathrow has successfully pitched two forward-thinking ideas to Innovate UK’s Future Flight Challenge. The win gives the airport the opportunity to research new ground-breaking concepts that, in future, could help to reduce emissions, cut costs and…
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