business news

World Bank projects 23% rise in global commodity prices in 2026

The projection is contained in the World Bank Group’s latest Commodity Markets Outlook, released on Wednesday

Keralam Assembly passes Kerala Motor Vehicles Taxation (Amendment) Bill

The Bill provides for setting up approved vehicle seizure yards in all taluks in Keralam to store vehicles seized for non-payment of tax within the State

Income tax: Healey’s budget leaves thresholds frozen again. How much more will you pay?

Income tax: Healey’s budget leaves thresholds frozen again. Tax policy means freezes reduce take-home pay as earnings rise in line with inflation Income tax thresholds are set to remain frozen after John Healey’s first budget as chancellor.

National seminar on AI and Indian economy in Hubballi on Saturday

Basavaraj Horatti will inaugurate the event being organised by the JSS Banashankari Arts, Commerce and Shantikumar Gubbi Science College

Reps give Kaduna Polytechnic 72 hours to explain falling revenue, pension deductions

The lawmakers queried Kaduna Polytechnic’s declining internally generated revenue, which fell from N1.478 billion in 2023 to N1.332 billion in 2025, and demanded documents to verify its statutory remittances.

Garth Wadsworth Dooley: Farewell to an Astute Businessman, Father and Mentor

Farewell to an Astute Businessman, Father and Mentor. Farewell, Garth Wadsworth Dooley.

APEDB highlights Andhra Pradesh’s rich mango legacy to attract investors

Ghana–New Zealand Chamber seeks tourism partnerships between the two countries

The Ghana-New Zealand Chamber of Commerce is exploring opportunities to strengthen tourism and business ties between Ghana and New Zealand by connecting tourism operators, guides and industry stakeholders in both countries. Speaking on the sidelines of the recently concluded 2026 Inter Tourism Expo in Cape Coast, he said the Chamber was working to facilitate connections between Ghanaian tourism businesses and their counterparts in New Zealand.

From windfall to wealth: how to make your money last

Akweley Laryea, Head of Retail Banking at First National Bank shared that one of the biggest mistakes young adults make is treating a windfall as an opportunity to immediately upgrade their lifestyle. This is where innovative solutions such as the FNB Investment Gift Card are changing the way people think about gifting.

Budget 2026: John Healey offers £100 payment to households to help navigate ‘global economic storms’

John Healey offers £100 payment to households to help navigate ‘global economic storms’. Cash to 20m households part of package to help cut energy bills and ease cost-of-living crisis Budget 2026: key points at a glance Budget 2026 live – latest updates John Healey promised to steer Britain through “global economic storms,” as he announced a package of measures to cut consumers’ energy bills in his first budget.

Business secretary writes to Poundland owner as administration fears build

The business secretary has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening to overshadow John Healey’s budget. Sources said that Gordon Brothers, the US investment firm that bought the 600-store Poundland chain for £1 last summer, looks set to appoint administrators to the struggling retailer.

GSK shares dive as weaker sales and mounting costs unnerve investors

British pharma company reports declining profits amid weaker vaccine sales and looming patent loss for blockbuster HIV drug Business live – latest updates Shares in GSK slid on Wednesday despite the UK drugmaker reporting better than expected financial results, as investors were unnerved by weaker vaccine sales, restructuring charges and its overall outlook. Britain’s second-biggest pharmaceutical company reported a 19% decline in pre-tax profit to £1.9bn in the July to September quarter and £318m of restructuring charges, with more to come.

Ghana urged to adopt year-round tourism programme to attract more visitors

The Executive Director of the Ghana–New Zealand Chamber of Commerce, Mr Isaac Koumessina, has urged Ghana to adopt a year-round tourism programme similar to New Zealand’s to attract more international visitors and boost economic activity. Speaking on the sidelines of the recently concluded 2026 Inter Tourism Expo in Cape Coast, Mr Koumessina said a coordinated approach involving the Ministry of Tourism, the Ghana Tourism Authority (GTA) and other relevant agencies could ensure that visitors have activities to engage in throughout the year.

Budget 2026: key points at a glance

John Healey is announcing his financial update – here are the main points, with political analysis Budget 2026 live – latest updates John Healey starts by saying that his budget is “delivered at a time when global uncertainties and pressures are swirling worldwide and hitting people here at home”. The government will have £15bn of headroom in 2029-30 and £20bn in 2030-31, according to the Office for Budget Responsibility, the government’s forecaster.

22 Financial institutions yet to begin data localisation — NITDA survey

By Juliet Umeh Twenty-two of 44 financial institutions surveyed are yet to begin implementing measures to comply with Nigeria’s data localisation requirements, with the January 1, 2027 deadline approaching. The findings were presented by Dr Muhammad Aminu Lawal, Special Assistant on Digital Transformation to the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, at the Executive Regulatory Dialogue on National Cloud and Software Infrastructure (NSCI) Implementation and Data Localisation in Lagos.

Onitsha traders petition IGP over alleged threats, demolition

By Henry Umoru ABUJA — Traders operating under the Association of Modebeb Traders in Onitsha, Anambra State, have petitioned the Inspector-General of Police, Tunji Disu, seeking a comprehensive investigation into alleged threats, intimidation and the demolition of commercial buildings amid a dispute over the leadership and ownership of a market plaza. The Chairman of the market association, Tochukwu Umeh, said the dispute was also connected to disagreements over the removal of some market leaders by the Anambra State Government.

Ruto courts Russian investors as Kenya seeks to boost trade, manufacturing

MOSCOW, Russia, Oct 28 — President William Ruto has urged Russian investors to increase their investments in Kenya, citing the country’s economic growth, sizeable domestic market and strategic location as a gateway to East and Central Africa. The Kenyan delegation includes First Lady Rachel Ruto, Prime Cabinet Secretary Musalia Mudavadi, Trade Cabinet Secretary Lee Kinyanjui and Kenya’s Ambassador to Russia Peter Mathuki, among other officials.

UK Set For Cautious Budget As Borrowing Costs Climb

Britain’s finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre. “We can’t stop these shocks that hit Britain, but we can make Britain more resilient when they do,” Healey said in a statement released on the eve of the Labour government’s budget.

CBD COP17: Indigenous groups urge UN to halt wildlife carbon, biodiversity credits

Indigenous Peoples and civil society groups have urged the United Nations to stop the use of sacred animals and their habitats in carbon and biodiversity credit schemes, warning that such practices could accelerate biodiversity loss and enable polluting industries to continue damaging the environment

Ghana, Canada agree on youth skills development and support for Women’s Development Bank

Foreign Affairs Minister Samuel Okudzeto Ablakwa has announced a series of agreements between Ghana and Canada aimed at creating job opportunities for young people, supporting the establishment of Ghana’s Women’s Development Bank and promoting sustainable mining practices. Mr Ablakwa listed the commitment among the outcomes of the discussions, stating that “Canada will offer technical support for the establishment of Ghana’s Women’s Development Bank”.

Gold, cocoa and crude export earnings grew strongly in 8 months of 2028, but NTEs declined by 3%

Gold Receipt Gold export earnings rose by 32.9% to US$14.86 billion, accounting for the bulk of the export growth during the period. Cocoa Receipt Cocoa export receipts, comprising cocoa beans and processed cocoa products, increased by 9.9% to US$2.71 billion, marginally up from US$2.47 billion in the corresponding period of 2025, supported by both favourable realised prices and higher export volumes.

Food & Beverages sector records highest growth of 431% on GSE in first eight months of 2026

The Food and Beverages sector recorded the highest growth of 431.9% on the Ghana Stock Exchange (GSE) in the first eight months of 2026. Led by indigenous firm Kasapreko, the Food and Beverages sector has been outstanding this year, culminating in the impressive performance of the exchange in Africa.

Sensex declines 353 points, dragged by Reliance, IT stocks, rising crude oil prices

The 30-share BSE Sensex dropped 352.64 points, or 0.48%, to settle at 73,246.03, recovering most of its sharp intraday losses. During the day, it tumbled 995.1 points, or 1.35%, to 72,603.57

26 dogs rescued from suspected meat trade in Assam

The dogs were found with their mouths tied and crammed into jute sacks; rescue partners are coordinating their veterinary care and recovery