business news

Bawumia calls for scrapping of proposed pre-shipment vehicle inspection
business

Bawumia calls for scrapping of proposed pre-shipment vehicle inspection

New Patriotic Party (NPP) 2028 flagbearer Dr Mahamudu Bawumia has called for the abolition of a proposed pre-shipment inspection requirement for imported vehicles following a meeting with the leadership of the Vehicles and Assets Dealers Union of Ghana (VADUG). In a Facebook post, Dr Bawumia said the meeting was part of his stakeholder consultations to understand the industry’s concerns and explore possible policy interventions.

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‘The more you earn, the less you keep’: readers react to the budget
business

‘The more you earn, the less you keep’: readers react to the budget

From a young chef and a single father to business owners and a pensioner, Guardian readers reveal how John Healey’s measures will affect them What the budget means for you Louie, 24, a chef living in London, says a lot of people have “written off the idea of even considering getting a property” in their 20s.

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How will John Healey’s energy support package affect you?
business

How will John Healey’s energy support package affect you?

Chancellor’s ‘new course’ includes a £100 one-off payment, low-carbon upgrade loans and an end to standing charges John Healey has unveiled a package of support for households being buffeted by “global economic storms”. “I’m setting a new course to get energy costs down in line with Europe,” the chancellor said in his maiden budget.

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‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget
business

‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget

Chancellor cuts business rates for more small businesses and limits rise in minimum wage for younger workers Budget 2026: key points at a glance “It is like letting the tyres down and then handing you a pump,” says James Nye, assessing the relief handed to businesses in John Healey’s first budget as chancellor. The managing director of Norfolk’s Anglian Country Inns argues that the budget made a “couple of steps towards helping” but added more labour costs for already burdened companies.

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Mercedes To Cut More Jobs As Chinese Competition Bites
business

Mercedes To Cut More Jobs As Chinese Competition Bites

Premium German carmaker Mercedes-Benz will restart a voluntary redundancy programme and is in discussion with unions over further cost-cuts, its chief executive Ola Kaellenius said Wednesday after the firm warned on full-year profits. Labour costs in China, Hungary, Romania and the United States are all lower than in Germany, Kaellenius said, adding that “eastern Europe as a whole is open to any industrialist looking to expand”.

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Plant breeding is an investment in national economic development, not just a budget line
business

Plant breeding is an investment in national economic development, not just a budget line

My engagements continued this week at the Crop Development Centre (CDC) at the University of Saskatchewan, Canada, where I had the opportunity to reflect further on a conviction I have held for many years: plant breeding is not simply a budget expenditure, but a strategic investment in agricultural transformation, job creation and national economic development. The Saskatchewan Government and the National Research Council established the CDC in 1971 as a Centre of Excellence for crop breeding in Saskatoon, with a mandate to diversify Saskatchewan agriculture.

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Nana Ekuwa Amissah V installed as Anomabo Far Konkohemaa
business

Nana Ekuwa Amissah V installed as Anomabo Far Konkohemaa

Nana Ekuwa Amissah V has been installed as the new Far Konkohemaa (Queen of fishmongers) of Anomabo in the Mfantseman Municipality of the Central Region. As Konkohemaa, Nana Ekuwa Amissah V will be responsible for overseeing the welfare of women in the fishing community, championing their interests and ensuring that their concerns and needs are addressed.

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Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses
business

Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses

Urge FG to cut energy, financing costs lAcknowledge govt’s import-duty, value-added tax relief on 875 pharmaceutical raw materials By Victor Ahiuma-Young & Omotola Aremo LAGOS — Manufacturers under the aegis of Chemical and Non-Metallic Products Employers Federation, CANMPEF, said yesterday they were facing mounting pressure from soaring energy costs, expensive credit, weak consumer demand and job losses, despite improvements in the country’s key macro-economic indicators in 2025. President of CANMPEF and Vice President of the Dangote Group, Chief Devakumar Edwin, who raised the alarm at the…

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‘We shouldn’t stifle initiative with excessive taxation’ – Kufuor
business

‘We shouldn’t stifle initiative with excessive taxation’ – Kufuor

Former President John Agyekum Kufuor has urged Ghana’s leaders to avoid excessive taxation that stifles initiative and prevents entrepreneurs from creating wealth. Speaking on Joy News’ PM Express on Wednesday, he said the state should empower individuals to use their talents and resources to build businesses.

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Dr. Bawumia engages TUC leadership on youth employment, rising living costs and labour welfare
business

Dr. Bawumia engages TUC leadership on youth employment, rising living costs and labour welfare

Former Vice President and NPP presidential candidate, Dr. Mahamudu Bawumia, has taken his broad-based stakeholder engagement to Organised Labour, meeting with the leadership of the Trades Union Congress (TUC) at the Hall of Trade Unions in Accra Tuesday. The meeting, held as part of Dr. Bawumia’s ongoing national consultations, brought together top executives of the TUC, the umbrella body representing thousands of Ghanaian workers across both the public and private sectors.

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Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
business

Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending

Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI.

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Governor Lawal: The banker who won’t borrow, By Karen Ibrahim
business

Governor Lawal: The banker who won’t borrow, By Karen Ibrahim

Governor Lawal’s fiscal approach offers a compelling blueprint for sub-national governance across Nigeria. The most credible assessment of his tenure thus far is that Zamfara has achieved measurable progress in both revenue mobilization, debt reduction and project execution.

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Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns
business

Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns

Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the ​world’s biggest crude exporter, renewed concerns around the ‌risks to supply in the Middle East stemming from the conflict with Iran and its proxies. Yemen’s Iran-aligned Houthis said on Tuesday ⁠they had hit Saudi Arabia’s biggest oil refinery with ​a missile, intensifying their strikes against the world’s second-largest crude ​producer.

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