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Lufthansa to shed 4,000 jobs with help from AI

German airline Lufthansa plans to cut a slew of administrative jobs by 2030 as it streamlines operations. The group says AI and digitalization will replace some tasks as it reshapes the way its airlines operate.Germany's national carrier Lufthansa on Monday confirmed reports that it...

Fuel price hike averted as Dangote Refinery resumes sales of petrol in Naira

Dangote Refinery has resumed sales of Premium Motor Spirit in naira after the intervention of the Federal Government.This was disclosed in an email to customers sighted by DAILY POST on Saturday.The refinery stressed that the development followed the intervention of the Naira for Crude...

US: Trump’s new tariffs to target drugs, furniture, trucks

Asian stock markets fell after US President Donald Trump announced a new wave of tariffs. He said taxes on medicines, imported kitchen cabinets and sofas were needed "for national security and other reasons."US President Donald Trump on Thursday announced new punitive tariffs on a...

EU, Indonesia agree on free trade deal

The near decade-long negotiations between the EU and Indonesia were hastened by the threat of US President Donald Trump's aggressive tariff policy. The free trade deal will scrap most tariffs between the regions.The European Union (EU) and Indonesia on Tuesday reached an agreement on...

US Federal Reserve cuts interest rate for first time in 2025

The widely expected cut of a quarter percentage point comes amid economic pressures ranging inflation and tariffs to sluggish job growth. Two more cuts are expected before the end of the year.The US Federal Reserve , commonly known as the Fed, lowered its benchmark...

Dangote petrol N65 cheaper in Togo — Importers

Some fuel importers in the country have alleged that the Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria.The Depot and Petroleum Product Marketers Association of Nigeria, Petroleum Products...