‘Our plans could be derailed’: family firms say Labour tax rises will force fire sales

Nigeria has suspended the FOB levy on imports following significant backlash from the industry. This decision is expected to ease the financial burden on importers and improve trade relations.

Editor’s Note: The suspension of the FOB levy is crucial as it reflects the government's responsiveness to industry concerns. By alleviating this financial pressure, Nigeria aims to foster a more favorable trading environment, which could lead to increased imports and economic growth.

Dangote is expanding his business by trucking fuel directly from his refinery to retailers in Nigeria, enhancing his influence in the economy.

Editor’s Note: This expansion is significant as it not only strengthens Dangote's business empire but also impacts the fuel distribution sector in Nigeria, which is crucial for the country's economy.

Nigeria's naira has reached a near seven-month high, driven by increased oil export earnings and strong foreign interest in local high-yield debt ahead of a potential interest rate cut next week.

Editor’s Note: This development is significant as it reflects investor confidence in Nigeria's economy and could lead to further financial stability. A stronger naira can also help reduce inflation and improve purchasing power for citizens.

Apprenticeship enrollment in England has dropped by a third, raising concerns about the effectiveness of vocational training. Labour must act quickly to address this issue to enhance social mobility and stimulate economic growth.

Editor’s Note: The decline in apprenticeship numbers highlights a critical gap in vocational training, which is essential for equipping the workforce with necessary skills. This situation poses a challenge for Labour, as addressing it is vital for their economic strategy and social mobility goals.

The Fyre Festival brand has been sold for $245,000 after failing to launch a follow-up event. LimeWire, a file-sharing company, is the new owner.

Former President Donald Trump has postponed the ban on TikTok once again, allowing the app to continue operating in the U.S. This decision comes amid ongoing discussions about data privacy and national security.

Editor’s Note: This matters because the TikTok ban has been a contentious issue, raising concerns about user data and foreign influence. Trump's delay indicates that the debate over the app's future is still very much alive.

The Federal Reserve is set to meet on Wednesday, with Stephen Miran and Lisa Cook voting on potential interest rate cuts amid ongoing criticism from Trump.

Editor’s Note: This meeting is significant as it could influence the economy and financial markets. The Fed's decisions on interest rates are closely watched, especially in the context of political pressures.

Canada's federal budget will be unveiled on November 4, as a significant deficit is anticipated, according to Finance Minister Francois-Philippe Champagne.

Editor’s Note: This budget announcement is crucial as it will outline the government's financial plans and address the expected deficit, impacting economic policies and public services.

Kitty Richards from the Groundwork Collaborative discusses recent economic data as the Federal Reserve considers cutting interest rates.

Editor’s Note: This meeting is significant as it could impact borrowing costs and economic growth. Understanding the Fed's decisions helps us gauge the future of the economy.

The US government has proposed measures for large refineries to offset biofuel blending requirements that were waived for smaller oil processors. This aims to balance the biofuel market.

Editor’s Note: This proposal is significant as it addresses the ongoing challenges in the biofuel sector, ensuring that large refineries contribute to blending requirements, which could impact fuel prices and environmental policies.