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BUSINESSOct 7The solar boom is rapidly transforming emerging economiesRenewable electricity is cheaper than ever. So while the West got rich on coal and oil, some of the poorest countries in the world are banking on solar, wind and water instead.DW News [en]
BUSINESSOct 7Power generation falls  37% as DISCOs lose N129bn, record 184,024 complaints•As Nigerians, businesses groan over 3,885.72MW generation;  •NERC: Metering, billing, supply interruptions dominate complaints •DISCOs’ ATC&C losses hit 36.23% in Q2 By Ediri Ejoh Nigerians and businesses are set to grapple with worsening electricity supply as power generation yesterday plunged by 37.17 per cent to 3,885.72 megawatts (MW), even as electricity consumers filed 184,024 complaints […] The post Power generation falls 37% as DISCOs lose N129bn, record 184,024 complaints appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7David Ellison bets on technology, AI to transform Skydance post $110B Warner Bros. dealDavid Ellison is focusing on technology and AI to transform Skydance following a significant deal with Warner Bros. This indicates a strategic shift in the company's direction after a major business transaction.Seeking Alpha Tech
BUSINESSOct 7Spotify to expand audiobooks to over 180 markets by 2026Spotify plans to expand its audiobook offerings to more than 180 markets by 2026, indicating a significant growth strategy for the company.Seeking Alpha Tech
BUSINESSOct 7India hikes interest rates for first time in over three years as Iran war fuels inflationThe Reserve Bank of India raised borrowing costs for the first time in over three years on Wednesday, as the Middle East war pushes up prices in Asia's third-biggest economy and weighs on an already fragile rupee.EuroNews [en]
BUSINESSOct 7NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd•120 projects attract $47.6bn investment since 2024 •Nigeria accounts for 38% of Africa’s upstream investment •1.82mbpd figure includes condensate By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday announced the offer of 40 oil blocks in the 2026 licensing round, as Nigeria intensifies efforts to attract fresh capital into the upstream sector, […] The post NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7Japan watchdog probes 4 major brewers over alleged beer price cartelJapan's antitrust watchdog on Wednesday searched the offices of the country's four major brewers on suspicion of violating the antimonopoly law by forming a cartel to raise the…Japan Today
BUSINESSOct 7Zhong Shanshan, from bricklayer to billionaire: this is how the most hated man in China built his fortuneEl empresario pasó por la construcción, el periodismo y distintos negocios antes de crear una de las mayores compañías de bebidas de China. Su fortuna creció con el agua embotellada y la industria farmacéutica, aunque también quedó envuelto en fuertes campañas de rechazo en redes.Clarín
BUSINESSOct 7Jaguar unveils $130,500 electric vehicle two years after controversial rebrandThe launch comes as luxury rivals Ferrari and Bentley also push into EVs, seeking to test wealthy buyer's appetite for going electric.CNBC
BUSINESSOct 7Blue Owl plans ‘big push’ into insurance capital: FTBlue Owl reportedly plans a significant expansion into the insurance capital sector, indicating a strategic shift or growth area for the company.Seeking Alpha Tech
BUSINESSOct 7France's trade deficit narrows to €6.1B in August as imports fall faster than exportsFrance's trade deficit narrowed in August as imports declined faster than exports. This indicates a shift in the country's economic trade balance.Seeking Alpha Tech
BUSINESSOct 7PenCom commits $250m infrastructure investment•As monthly pension payments rise to N14.83bn By Victor Ahiuma-Young & Rosemary Iwunze The National Pension Commission, PenCom, has announced a $250 million commitment by Nigeria’s pension industry towards infrastructure investment over the next 10 years. This comes as the National Pension Commission said monthly pension payments had increased to N14.83 billion from N12.15 billion […] The post PenCom commits $250m infrastructure investment appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7Wednesday’s Economic CalendarThis article presents an economic calendar for Wednesday. It provides an overview of scheduled economic events for the day.Seeking Alpha Tech
BUSINESSOct 7Blue dollar today: how much it quotes this Wednesday, October 07Mirá la cotización para la compra y venta del dólar blue hoy.La brecha con el dólar oficial.Clarín
BUSINESSOct 7Samsung’s Q3 profit seen hitting 105T won on AI-driven chip demand - reportSamsung's third-quarter profit is projected to reach 105 trillion won, driven by demand for AI-related chips. This report indicates a strong financial outlook influenced by the artificial intelligence sector.Seeking Alpha Tech
BUSINESSOct 7CRH to buy aggregate operations in Denmark, FinlandCRH is set to acquire aggregate operations in Denmark and Finland. This move signifies a business expansion or consolidation within the construction materials sector.Seeking Alpha Tech
BUSINESSOct 7VEON signs 10-year strategic IT modernization agreement with AmdocsVEON has signed a ten-year strategic agreement with Amdocs for IT modernization. This partnership represents a long-term technology upgrade initiative for VEON's operations.Seeking Alpha Tech
BUSINESSOct 7World Bank: Fuel price to slow Nigeria’s poverty reduction•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor  The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected […] The post World Bank: Fuel price to slow Nigeria’s poverty reduction appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7AgriGold victims asked to produce original bonds for verificationThe original documents will only be examined and need not be surrendered, the CID clarifiesThe Hindu
BUSINESSOct 7Japan’s Rapidus faces uphill battle to fill its $15B chip factoryJapan's Rapidus faces a challenging task to staff its $15 billion chip factory. This highlights a significant hurdle in a major industrial investment.Seeking Alpha Tech
BUSINESSOct 7Has Russia’s fuel crisis given Iranian oil an opening in Central Asia?Iran's oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.Al Jazeera [en]
BUSINESSOct 7Telangana RTC slashes Pushpak Airport bus fares, effective from October 7The Hindu
BUSINESSOct 7Figure Technology posts 107% Y/Y surge in Q3 consumer loan marketplace volume to $5.12BFigure Technology reported a significant year-over-year increase in its Q3 consumer loan marketplace volume. This indicates strong growth for the company in the financial sector.Seeking Alpha Tech
BUSINESSOct 7Shell forecasts Q3 upstream output of up to 1.84M boed, $300M write-offShell has forecast its Q3 upstream output and also indicated a significant write-off for the quarter. This provides an update on the company's financial performance and operational outlook.Seeking Alpha Tech
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