A key survey shows Germans preparing to tighten their belts rather than boost private consumption, the sector which provides half of the GDP in Europe’s biggest economy. ADVERTISEMENT Europe’s top economy, Germany, has seen economic uncertainty, including job losses in the car industry, send consumer expectations to their lowest level in seven months. The Gfk Consumer Climate Indicator, a key …

The smaller Italian lender had previously flagged “serious concerns” about the “employment and social impacts” of a potential merger. ADVERTISEMENT Up to 6,000 jobs could be lost if a takeover bid from Italian rival UniCredit is successful, Banco BPM CEO Giuseppe Castagna has warned. “Cost synergies estimated by the bidder, equal to over a third of Banco BPM’s cost base …

Short films might be tiny stories, but they create a huge impact and could be a starting point for emerging filmmakers ready to go small before going big. So, you’ve decided to dive into filmmaking. First of all, welcome to the club! Second, let’s get something out of the way—your first masterpiece doesn’t need to be a two-hour epic with …

Counsel to singer Darlington Okoye aka Speed Darlington, Stan Alieke, says the singer was re-arrested in Owerri, Imo state last night over allegations that he jumped his bail. Recall that the singer was arrested in October over a petition filed against him by Burna Boy.    In a statement released this afternoon, Alieke said on the 8th of October, 2024, …

Manchester City manager Pep Guardiola says he did not intend “to make light” of self-harm when he answered a question about scratches on his face. City blew a 3-0 lead to draw 3-3 with Feyenoord in the Champions League on Tuesday and Guardiola was later seen with several scratch marks on his forehead during his post-match interview with broadcaster Amazon …

APC Chieftain, Joe Igbokwe, has reacted to the claim made by singer, Davido, that there are plans to cancel his Lagos show over his recent radio interview in the U.S.    While speaking during the radio interview, Davido mentioned that Nigeria’s economy is in shambles. His comment has been strongly condemned by some Nigerians who believe his comments ‘de-marketed’ Nigeria.  …

The French-Italian car giant says it is planning more investment to enhance its other UK factory at Ellesmere Port as the UK’s sustainable, EV-only volume manufacturing plant. ADVERTISEMENT Stellantis says a plan to consolidate its factories in the UK will include the closure of its factory in Luton. Some 1,100 jobs are potentially lost. The Luton plant currently builds Vauxhall …

Europe’s airlines are increasingly looking to consolidate to boost competitiveness and expand networks. ADVERTISEMENT Franco-Dutch firm Air France-KLM is interested in buying a stake in Air Europa, said Globalia on Wednesday. The owner of Air Europa said in an email sent to Euronews that “there is interest…but currently nothing is closed”. Air France-KLM has not yet responded to a request …

EasyJet has revealed its results for the year ended 30 September 2024, recording a substantial rise in profit, boosted by robust summer travel demand. ADVERTISEMENT British low-cost airline giant easyJet announced its financial year 2024 results for the 12 months ended 30 September 2024 on Wednesday and said headline profit before tax soared 34% year-on-year to £610m (€731.14m). It was …

Peter Obi has reacted to the news of the revamping of the Port Harcourt Refinery.    The refinery resumed operations on Tuesday, November 26, after several failed promises to revamp it. In a post shared on social media today, Obi congratulated NNPC for revamping the refinery, He stated that while he acknowledges these achievements as a step in the right …