Business

Bloomberg

Russia’s Biggest Baltic Port Caught Fire After Drone Attack

An overnight drone strike sparked a fire at Russia’s Baltic port of Ust-Luga, a key gateway for energy and commodity exports, as Ukraine intensifies its campaign against the country’s port infrastructure.

Bloomberg

Brazil’s Lower House Passes Bill to Turn Airline Miles Into Cash

Brazil’s Lower House Passes Bill to Turn Airline Miles Into Cash

Brazil's Chamber of Deputies has approved a bill that would let consumers convert their airline miles into cash and sell points more freely, in one of the country's boldest moves yet to hand loyalty-program members more control. The…

U.S. names India among over 40 nations accused of helping China evade tariffs via ‘shadow network’

The Hindu

U.S. names India among over 40 nations accused of helping China evade tariffs via ‘shadow network’

‘The Great Transshipment Scam’ report said the transshipments became more prevalent after 2018; Peter Navarro announced that U.S. will use an AI-enabled “Detective Border”

The Hindu

Brazil Advances Payroll-Deducted Rent, Bill Heads to Senate

Brazil Advances Payroll-Deducted Rent, Bill Heads to Senate

Brazil's lower house has advanced a bill for payroll-deducted rent, letting tenants have rent taken directly from their wages and potentially skip the usual guarantor or deposit. It now heads to the Senate. The post Brazil Advances…

Argentina Opens Dollar Lending as Investors Pick Provinces

Argentina Opens Dollar Lending as Investors Pick Provinces

Argentina · Economy Key Facts On 13 August 2026, Argentina’s central bank (the BCRA) scrapped a rule left over from the 2001 crisis and now lets banks lend US dollars to any company — not only exporters. The local press nicknamed the move…

Bolivia’s Foreign Debt Tops US$14.2 Billion

Bolivia’s Foreign Debt Tops US$14.2 Billion

Bolivia · Economy Key Facts Bolivia’s foreign public debt reached about US$14,238.5 million at the end of July 2026, according to the Central Bank (BCB). That is roughly US$74 million higher than in December 2025, when it stood near…

Noor Takaful distributes N427.96m Surplus

Noor Takaful distributes N427.96m Surplus

Noor Takaful Insurance Limited and its subsidiary, Noor Health Ltd., have distributed a combined N427.96 million in surplus to participants and enrollees who did not make claims during the 2024 financial year. The distribution, which…

Tax Ombud to launch taxpayer’s Bill of Rights, obligations

Tax Ombud to launch taxpayer’s Bill of Rights, obligations

The Office of the Tax Ombud (OTO) has unveiled plans to launch a Taxpayer’s Bill of Rights and Obligations aimed at strengthening fairness, transparency and accountability in Nigeria’s tax administration. The Chief Executive/Tax Ombud…

Julius Berger, Lagos deepen collaboration on infrastructure

Julius Berger, Lagos deepen collaboration on infrastructure

Julius Berger Nigeria Plc and the Lagos State Water Corporation (LSWC) have strengthened collaboration on integrated water and road infrastructure development across the state. Speaking during a courtesy visit by the management of the LSWC…

BTG Pactual Raises Its Méliuz Stake to 10.51% in New Filing

BTG Pactual Raises Its Méliuz Stake to 10.51% in New Filing

BTG Pactual has raised its stake in Méliuz to 10.51%, lifting its direct holding to roughly 10.96 million ordinary shares, up from about 6.71% previously disclosed. The 13 August 2026 filing makes the bank one of the largest shareholders…

FG doles out starter packs to vocational training beneficiaries

FG doles out starter packs to vocational training beneficiaries

After one month of intense entrepreneurial and vocational training by the National Social Investment Programme Agency (NSIPA), the Federal government has given out starter pack equipment to beneficiaries of the programme. The starter packs…

Chile’s Competition Court Fines Metrogas About US$3.6 Million

Chile’s Competition Court Fines Metrogas About US$3.6 Million

Chile's competition court fined natural-gas distributor Metrogas about US$3.6 million for an excessive pipeline charge, and ordered the tariff scrapped and reset. Metrogas plans to appeal to the Supreme Court. The post Chile’s Competition…