Ex-Daewoo shipyard CEO gets reduced sentence in appeal over accounting fraud

A Seoul appellate court on Tuesday commuted the sentence on a former head of a now…

Tempers flare as Hamburg selects Chinese consortium for container port expansion project

Loadstar – A storm is brewing in the city of Hamburg over the port authority awarding…

African migrants fear for future as Italy struggles with surge in arrivals

Three years after he risked his life crossing the Mediterranean Sea from Libya to Italy on…

Hong Kong port June volumes almost flat

As a higher base effect started to kick in, throughput at the port of Hong Kong…

China says it’s done taking our garbage

Reuters – China notified the World Trade Organization (WTO) on Tuesday that it would stop accepting…

Nigeria eyes top 16 major economies in the world

The Acting President, Prof. Yemi Osinbajo, has said that ‘Nigeria is fast moving toward becoming one…

Holcim to wind up Nigerian company next month

  Holcim Nigeria plans to pass a resolution next month to dissolve the company after its…

Petroleum marketers task FG on Apapa gridlock

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to reactivate…

FG awards oil block license to Ondo for bitumen exploration

The Nigerian Government on Tuesday announced the award of an oil block license to Ondo State…

Abandoned projects: NDDC to prosecute defaulting contractors, banks

The Niger Delta Development Commission (NDDC) has said it will prosecute contractors who abandoned its projects…

Customs accuses banks of sabotaging e-auction

The refusal of Deposit Money Banks (DMB) to participate in the recently launched e-auction bidding exercise…

Accident bureau revitalizes flight safety laboratory at Abuja airport

The Accident Investigation Bureau (AIB) on Tuesday  said it has resuscitated its $5.8 million Flight Safety…