business news

The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’

People under 35 are hunting for no-frills rides they can pay for in cash and fix themselves – defying expectations to take on steep loans Jack Price joined the marines in fall 2021 knowing he would need a car to get around base and that he couldn’t afford a new one. A joyless, month-long search through dealer classifieds and Facebook Marketplace listings ended when his mother spotted a 2010 Volkswagen Jetta posted on her office listserv by a co-worker moving abroad.

Forms Capital wins CIMG Marketing-Oriented Finance House of the Year, 2025

Forms Capital Limited has been adjudged Marketing-Oriented Finance House of the Year, 2025 at the Chartered Institute of Marketing, Ghana (CIMG) Commenting on the achievement, Ishmael Abbey, Head of Business Development at Forms Capital Limited, said: “We are honoured to receive this recognition from the Chartered Institute of Marketing, Ghana.

Panama pitches its maritime network to Tamil Nadu businesses

Creatives Connect Afrika returns to Accra to drive entertainment-led tourism

Creatives Connect Afrika will return to Accra from 30th November to 3rd December 2026 for its second edition, focusing on how entertainment can drive tourism growth and economic opportunities across Africa. The 2026 edition is planned to take place at Alisa Hotel North Ridge in Accra under the theme “Entertainment-Led Tourism: Transforming Pan-African Creative Wealth into Global Economic Influence”.

Reader Q&A: what’s next for France? Ask our Europe columnists

Guardian Europe columnists Rokhaya Diallo and Alexander Hurst will be live taking questions from readers about the riots and protests in France at 3pm BST / 4pm CEST today. The French government’s escalating financial problems were covered by the Guardian’s Europe correspondent Jon Henley who wrote: “France’s national debt, at 119% of GDP, is at its highest level since 1946.

Nairobi County Demands Sh924 Million from EABL in Liquor Licensing Dispute

NAIROBI, Kenya Oct 23 – Nairobi City County is seeking to recover approximately Sh924 million in outstanding liquor licensing arrears attributed to East African Breweries Limited (EABL), citing disparities in licensing contributions between major manufacturers and small-scale traders. At the centre of the dispute is what Mathia described as a significant disparity between EABL’s historical licensing contribution in Nairobi and the fees paid by major beverage manufacturers operating in neighbouring counties.

K.P. Sahadevan, Keralam CPI(M) leader and trade unionist, dies at 84

He was former CPI(M) State committee member and CITU State secretary

Israeli military kills two in gun battle in occupied West Bank

Israel’s PM is preparing to order a shutdown in the occupied West Bank lockdown after a shooting near Hebron.

Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live

Rolling coverage of the latest economic and financial news Rob Wood, chief UK economist at Pantheon Macroeconomics, says the biggest news is from S&P’s PMI data is the composite employment index rising above 50 for the first time since the 2024 budget. Geopolitics, and notably the potential for conflicts in the Middle East and Ukraine to add to energy market volatility, are, however, clearly still unsettling many businesses, and cost of living concerns and broader fiscal worries are being compounded by the shift to higher borrowing costs.

NEC Endorses 90-Day Economic Plan To Ease Cost Of Living For Nigerians

The National Economic Council (NEC) has endorsed a 90-day economic action plan proposed by the Federal Ministry of Finance to consolidate the gains of President Bola Tinubu’s economic reforms, with a focus on reducing the cost of living and improving food affordability. According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, the endorsement followed a presentation by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at NEC’s 161st meeting held virtually on Thursday…

Rubio turns to small Indian town as US faces high oil prices

US Secretary of State Marco Rubio pushed a business and energy agenda over diplomacy on his second trip to India this year.

Israel orders home demolitions after soldiers killed in West Bank

Prime Minister Benjamin Netanyahu said Israeli forces will demolish homes in the West Bank after gunmen killed two Israeli soldiers in the West Bank city of Hebron.

Israel preparing 'full closure' of West Bank, Netanyahu says

Prime Minister Benjamin Netanyahu said Israel is shutting down the occupied West Bank after having prevented a "major attack."

Trailer kills seven in Gombe multiple crash

The Gombe State Sector Commander of the Federal Road Safety Corps (FRSC), Mr Samson Kaura, has confirmed the death of seven persons in a multiple crash that occurred along Gombe-Billiri Road in the state Kaura made the confirmation in an interview with the News Agency of Nigeria (NAN) in Gombe on Friday. Kaura said that a Daf trailer moving from Gombe to Yola lost control as a result of brake failure.

Karnataka Chief Minister D.K. Shivakumar invites Poland as partner for Global Investors Meet 2027

Mr. Shivakumar sats the State is keen to deepen bilateral cooperation in investment, technology, innovation and employment, building on Bengaluru’s technology ecosystem and Poland’s expertise in advanced manufacturing, artificial intelligence and green energy

First HoldCo appoints new non-executive director

First HoldCo said the appointment was in accordance with Nigerian Exchange Limited (NGX) Rulebook

Retail sales in Great Britain fall as struggling households cut back

Latest negative economic update comes as John Healey is due to announce budget next week Business live – latest updates Retail sales in Great Britain fell more steeply than expected last month, the latest negative economic update before the chancellor, John Healey, announces his budget next week. The Office for National Statistics (ONS) said the volume of goods sold fell 0.4% month on month in September, much steeper than economists’ consensus expectations of a 0.1% fall.

Europe needs a war economy

With US support increasingly uncertain, Europe must mobilise its financial and industrial power to defend itself.

African CEOs prioritise AI investment despite readiness gap – KPMG

The firm surveyed 176 CEOs across Africa, from north to south and east to west, as part of a global survey of 1,400 CEOs across industries.

BOI supports 1.68m jobs as lending rises 26% to ₦644.9 billion

It also aims to support underserved and youth-owned businesses

Water shortage: GWCL targets 3-4 days’ supply as residents demand answers

Ghana Water Company Limited (GWCL) is targeting three to four days of water supply per week in affected communities in parts of Greater Accra, after weeks of unreliable flow forced some households to buy water from alternative sources. Stephen Kemevor, Resident, Bethlehem GWCL’s Head of Public Relations and Communications, Stanley Martey, attributed the challenges partly to the shutdown of the Teshie Desalination Plant, which serves eastern Accra, including Teshie-Nungua and Spintex.

Investment, regional cooperation key to African mineral value addition — MIIF CEO

Justina Nelson, Chief Executive Officer of the Minerals Income Investment Fund (MIIF), has called for stronger regional cooperation to boost mineral value addition and economic benefits across Africa. Nelson made the call at a ministerial roundtable on mineral value addition and beneficiation during the African Minerals Policy Forum (Mining in Motion Conference) in Accra, a release shared with the Ghana News Agency said.

Dollar to Naira exchange rate today, October 23, 2026

The Nigerian Naira exchanged at around N1,330.95 to the US Dollar at the Nigerian Foreign Exchange Market (NFEM). In the unofficial parallel market, street traders and Bureau De Change (BDC) operators across major commercial hubs, including Lagos and Abuja, quoted buying rates around N1,360 to N1,365 per dollar, while selling rates traded between N1,375 and N1,380 per dollar.

EU ‘inviting disaster’ by imposing carbon tax on steel, says Piyush Goyal in Berlin

The Union Minister said the EU is “shooting” itself in the foot by bringing in more regulations, restrictions on itself, and closing its borders, something that actually helped them become a developed set of nations.