Thursday, August 27, 2026

Economy

August 25, 2026

AiNET, CEO settle with U.S. SEC over submitting claims for data centre services

The U.S. alleged that the AiNET data centre failed to comply with Tier III standards and that AiNET and Mr Jain falsely certified to the SEC that it was Tier IV.

AiNET Corp. and its former CEO, Deepak Jain
August 25, 2026

Philips engineer convicted for stealing trade secrets for Chinese competitor Kunshan GuoLi

A federal jury in Chicago convicted a former engineer at Philips Medical Systems of conspiring to steal Philips’ trade secrets and bring them to a Chinese competitor.

Philips Medical Systems, Kunshan GuoLi Electronic Technology Co Ltd
August 25, 2026

Tetra Tech to pay $57 million over falsifying soil test results at Hunters Point Naval Shipyard

The complaint further alleged that Tetra Tech intentionally manipulated scan results in its database, falsely representing scans taken at different locations.

Tetra Tech EC Inc
August 24, 2026

India ‌⁠‍‍⁠⁠‌‌⁠‌‌‍‍‌targets $44 billion space economy by 2033

Mr Shekhawat said the sector’s growth should not be measured solely by economic value.

Indian flag
August 24, 2026

Yilwatda berates Atiku over proposal to return fuel subsidy

Mr Yilwatda described Mr Atiku’s proposal as a deeply troubling policy u-turn that raises serious questions about the opposition’s preparedness to govern Nigeria.

Nentawe Yilwatda
August 24, 2026

Xi seeks deeper China-Jordan development cooperation

Mr Xi Jinping called for deeper cooperation between both countries across traditional and emerging sectors.

Jordan’s King Abdullah II and Chinese President Xi Jinping
August 24, 2026

NAFDAC orders nationwide recall of banned alcoholic beverages

NAFDAC ordered manufacturers of alcoholic beverages below 200ml to commence nationwide recall and stop further production.

NAFDAC
August 24, 2026

Foremost Capital bags BBB+ rating, grows assets by 250%

Asset management firm Foremost Capital secured the BBB+ rating from DataPro.

Foremost Capital
August 24, 2026

Ex-president Jonathan urges investment in industrialisation

Mr Jonathan said the industrial deficit is not merely an economic concern but also an increasing strategic security concern.

Former Nigerian President, Goodluck Jonathan 1
August 24, 2026

Oil prices fall ahead of fresh U.S. sanctions on Iran

Brent crude futures fell $1.16, or 1.23 per cent, to $93.23 a barrel while U.S. West Texas Intermediate crude declined $1.55, or 1.78 per cent, to $85.51 a barrel.

Oil Barrels