Premium German carmaker Mercedes-Benz will restart a voluntary redundancy programme and is in discussion with unions over further cost-cuts, its chief executive Ola Kaellenius said Wednesday after the firm warned on full-year profits. Labour costs in China, Hungary, Romania and the United States are all lower than in Germany, Kaellenius said, adding that “eastern Europe as a whole is open to any industrialist looking to expand”.
My engagements continued this week at the Crop Development Centre (CDC) at the University of Saskatchewan, Canada, where I had the opportunity to reflect further on a conviction I have held for many years: plant breeding is not simply a budget expenditure, but a strategic investment in agricultural transformation, job creation and national economic development. The Saskatchewan Government and the National Research Council established the CDC in 1971 as a Centre of Excellence for crop breeding in Saskatoon, with a mandate to diversify Saskatchewan agriculture.
Nana Ekuwa Amissah V has been installed as the new Far Konkohemaa (Queen of fishmongers) of Anomabo in the Mfantseman Municipality of the Central Region. As Konkohemaa, Nana Ekuwa Amissah V will be responsible for overseeing the welfare of women in the fishing community, championing their interests and ensuring that their concerns and needs are addressed.
Undercover checks on illegal taxi operators are being ramped up, as a taxi driver accuses them of stealing wages from legitimate drivers.
Urge FG to cut energy, financing costs lAcknowledge govt’s import-duty, value-added tax relief on 875 pharmaceutical raw materials By Victor Ahiuma-Young & Omotola Aremo LAGOS — Manufacturers under the aegis of Chemical and Non-Metallic Products Employers Federation, CANMPEF, said yesterday they were facing mounting pressure from soaring energy costs, expensive credit, weak consumer demand and job losses, despite improvements in the country’s key macro-economic indicators in 2025. President of CANMPEF and Vice President of the Dangote Group, Chief Devakumar Edwin, who raised the alarm at the…
Traders’ association claims that unregulated street vending and encroachments on public spaces are affecting local businesses
Former President John Agyekum Kufuor has outlined a Ghanaian dream anchored in inclusive governance, quality education and a private sector free to create wealth. Kufuor was responding to a question about his vision for Ghana over the next 50 years and the future he hopes young people will inherit.
Former President John Agyekum Kufuor has urged Ghana’s leaders to avoid excessive taxation that stifles initiative and prevents entrepreneurs from creating wealth. Speaking on Joy News’ PM Express on Wednesday, he said the state should empower individuals to use their talents and resources to build businesses.
The government of Ghana under President John Dramani Mahama has applied to join BRICS as a partner. While joining BRICS could expand Ghana’s trade and investment opportunities, the natural resource-rich West African country may end up benefiting less than industrial giants such as China, India, Brazil and Russia.
Videos circulating on social media show Israeli settlers assaulting three foreign journalists in the West Bank
Former President John Agyekum Kufuor has urged Ghana’s leaders to allow entrepreneurs to keep their legitimately earned wealth while paying reasonable taxes. Kufuor was responding to a question about his vision for Ghana over the next 50 years and the prospects for young people.
The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets.
An Elliott business owner says fighting and unrest in the community, 250 kilometres north of Tennant Creek, have escalated, with businesses and property damaged over the past week.
Former Vice President and NPP presidential candidate, Dr. Mahamudu Bawumia, has taken his broad-based stakeholder engagement to Organised Labour, meeting with the leadership of the Trades Union Congress (TUC) at the Hall of Trade Unions in Accra Tuesday. The meeting, held as part of Dr. Bawumia’s ongoing national consultations, brought together top executives of the TUC, the umbrella body representing thousands of Ghanaian workers across both the public and private sectors.
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI.
At the interbank foreign exchange market, the rupee recorded marginal gains and touched 95.03, registering a rise of 4 paise over its previous close
The African Development Bank says African governments must make biodiversity conservation a national investment priority and integrate it into development planning to close the continent’s biodiversity financing gap.
Governor Lawal’s fiscal approach offers a compelling blueprint for sub-national governance across Nigeria. The most credible assessment of his tenure thus far is that Zamfara has achieved measurable progress in both revenue mobilization, debt reduction and project execution.
Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the world’s biggest crude exporter, renewed concerns around the risks to supply in the Middle East stemming from the conflict with Iran and its proxies. Yemen’s Iran-aligned Houthis said on Tuesday they had hit Saudi Arabia’s biggest oil refinery with a missile, intensifying their strikes against the world’s second-largest crude producer.
The governor gave the assurances on Tuesday at the Ogun East Senatorial District stakeholders’ meeting in Ijebu-Ode, where he engaged representatives of various interest groups on traditional affairs, governance and the economic prospects of the district
The intervention by GoldBod in the foreign exchange market in the last three weeks has given the cedi a modest reprieve. As part of its October 2026 programme, GoldBod planned to supply US$1 billion to commercial banks and provide an additional US$500 million to the Bank of Ghana for reserve accumulation.
The Bono East Regional Minister, Francis Owusu Antwi, has pledged the full commitment of the Regional Coordinating Council (RCC) to work closely with the Ghana Free Zones Authority (GFZA) to boost investments and accelerate economic growth in the region. First Free Zones Office for Bono East In his opening remarks, Mr. Effah Prince, the Bono East Regional Director of the Ghana Free Zones Authority, noted that this marks the first time the region has had a Free Zones Office since Bono East was carved out of the former Brong-Ahafo Region in 2018.\ “We are here today to officially introduce the…
In a continued effort to empower local artisans and promote skills development, the Member of Parliament for Techiman South, Martin Adjei-Mensah Korsah, has donated sewing machines to members of the Tailors and Dressmakers Association in the Tanoso Zone. The donation has been warmly received by members of the Tanoso Tailors and Dressmakers Association, who expressed gratitude for the support and pledged to utilize the machines effectively to enhance their trade and contribute to the local economy.
The US Federal Reserve has held interest rates unchanged at its most recent meeting, but in Australia, high inflation data means we're likely to hike. Follow the day's events and insights from our business reporters on the ABC News live markets blog.