business news

‘Grand Theft Auto’ set for blockbuster return after 13 years
business

‘Grand Theft Auto’ set for blockbuster return after 13 years

“It is going to be the biggest entertainment launch of all time,” Chris Dring of The Game Business outlet told AFP. – ‘Top creators’ – ‘GTA VI’ has two main protagonists, former drug-runner Jason and newly released ex-con Lucia, who try to survive in Vice City, a reimagining of Miami.

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Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live
business

Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

Thet explain: The market value drop on the S&P Composite 1500 index, a broad basket of America’s publicly traded companies, was the biggest since the turn of the millennium, according to FT calculations based on FactSet data “(Clients) were long index, long stocks, and they all got carried out. Lloyds house price index 9am GMT: UN’s FAO food price index 1.30pm GMT: US non-farm payrolls jobs report 3pm GMT: University of Michigan’s US consumer confidence report Continue reading...

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Kwame Nkrumah Memorial Park calls for Independence Declaration photo on selected banknotes
business

Kwame Nkrumah Memorial Park calls for Independence Declaration photo on selected banknotes

The Management of the Kwame Nkrumah Memorial Park has called on the Bank of Ghana (BoG) to replace the image of the Big Six on selected banknote denominations with the historic photograph of Ghana’s independence declaration on March 6, 1957. It said the proposal is consistent with the Bank of Ghana’s planned introduction of a Heritage Series of banknotes, which would provide an opportunity to celebrate significant personalities, events and milestones in the country’s national history.

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Nigeria’s External Debt Hits $145bn As Servicing Burden Rises — World Bank
business

Nigeria’s External Debt Hits $145bn As Servicing Burden Rises — World Bank

The World Bank’s International Development Association (IDA) accounted for $18.533 billion of the multilateral debt, while IMF Special Drawing Rights allocations stood at $5.516 billion. Despite the increase in the debt stock, Nigeria recorded improvements in two key debt indicators, with external debt relative to exports declining by 4.3 per cent to 212 per cent, while the debt-to-Gross National Income ratio fell by 6.6 per cent to 51 per cent.

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FG steps up CNG push with fuel station revival, staff vehicle conversion
business

FG steps up CNG push with fuel station revival, staff vehicle conversion

—Initiative promotes cheaper energy, attracts private investment — Perm Sec ––Says 10 JAC vehicles, Villa shuttle buses already CNG-hybrid By Johnbosco Agbakwuru ABUJA–The Federal Government has renewed its drive to promote the adoption of Compressed Natural Gas (CNG) with the reopening of a former petrol filling station at the State House, Abuja, now converted into a CNG refuelling facility. Speaking at the inauguration of the facility in Karu, Abuja, Fashedemi disclosed that the project was executed through a partnership between the State House, the Presidential Initiative on Compressed…

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Cashew crisis: Usibras imports Ivorian kernels to save Ghanaian jobs
business

Cashew crisis: Usibras imports Ivorian kernels to save Ghanaian jobs

In a dramatic shift highlighting systemic pressures on domestic agro-processors, leading Ghanaian cashew processor Usibras has turned to importing semi-processed cashew kernels from neighboring Côte d’Ivoire to keep its factory operational. The potential absence of Usibras from Ghana’s domestic raw cashew nut market in 2027 could result in an estimated US$17 million in lost direct purchasing expenditure.

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Gender Minister pushes for greater economic opportunities for women at 2026 Commonwealth Women’s Forum
business

Gender Minister pushes for greater economic opportunities for women at 2026 Commonwealth Women’s Forum

She made the call at the 2026 Commonwealth Women’s Forum in St John’s, Antigua and Barbuda, where she outlined Ghana’s policy measures and experiences in promoting women’s economic empowerment. However, Dr Lartey cautioned that policy commitments must translate into tangible improvements in women’s lives, noting that many Ghanaian women entrepreneurs continue to face challenges despite their significant contribution to the economy.

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When feed prices crack the egg market
business

When feed prices crack the egg market

Rising maize and soybean prices, the mainstays of poultry feed, are squeezing farmers even as El Niño threatens to disrupt grain supplies; with feed accounting for nearly 80% of production costs, the pressure is building on Telangana’s poultry sector, raising concerns over egg output and prices

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Govt to deploy more police, patrol boats on Lake Victoria by December
business

Govt to deploy more police, patrol boats on Lake Victoria by December

KISUMU, Kenya, Nov 6 – The government plans to deploy additional security officers and patrol boats on Lake Victoria before the end of the year as it moves to address insecurity affecting fishing communities and boost the blue economy. Principal Secretary for Internal Security and National Administration Raymond Omollo said the government was coordinating with the Border Patrol Unit and the Kenya Coast Guard Service to strengthen surveillance, particularly in areas bordering Uganda and Tanzania.

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Petrol prices set for possible November cut as crude oil drops sharply
business

Petrol prices set for possible November cut as crude oil drops sharply

Motorists in Ghana could see lower petrol prices from November 16 as a recent decline in international crude oil prices raises expectations of relief at the pumps, the Chamber of Petroleum Consumers (COPEC) has said. COPEC Executive Secretary Duncan Amoah says crude prices have fallen by more than 12 to 14 per cent over 48 hours, creating the possibility of a downward adjustment in the next fuel pricing cycle.

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Paraguay’s rightwing president resigns after savings of millions of people are frozen in banking crisis
business

Paraguay’s rightwing president resigns after savings of millions of people are frozen in banking crisis

Santiago Peña’s administration had authorised Ueno Bank to drastically expand its operations before its collapse Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days. At the centre of the crisis is Ueno Bank, which in just a few years under Peña went from an obscure digital bank to one of the country’s largest lenders, claiming to have about 60% of Paraguay’s adult population as customers.

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10 young fintech innovators to pitch for national-stage places at MoMo Fintech Lab Accra Hackathon
business

10 young fintech innovators to pitch for national-stage places at MoMo Fintech Lab Accra Hackathon

Hosted by MobileMoney Fintech LTD (MMFL), the Accra Zonal Hackathon Pitch Competition will take place at 9:00 a.m. at the Ghana College of Physicians and Surgeons, Accra. The MoMo Fintech Lab is organised in partnership with the Bank of Ghana, with support from ecosystem partners including GCB Bank, Hubtel, appsNmobile, Zenith Bank, First National Bank, Blue Penguin, Korba, Fidelity Bank, Afrifanom (VaMiJo) and JUMO.

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Ghana woos Chinese investors to end raw mineral exports, boost local processing
business

Ghana woos Chinese investors to end raw mineral exports, boost local processing

Ghana is seeking stronger investment partnerships with China to expand local mineral processing, introduce advanced mining technologies and create more economic value from its mineral resources. The session featured presentations by Ghana Geological Survey Authority Director-General Dr Prosper Akaba, Minerals Income Investment Fund Chief Executive Officer Justina Nelson and Minerals Commission Deputy Chief Executive responsible for Small-Scale and Industrial Mining, Maxwell Klu.

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