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World Business

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.

Belarus’ Customs accepts partial blame for recurring truck queues at border

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MINSK: Chairman of the State Customs Committee of Belarus Yuri Senko made a few comments on 22 September to explain recurring truck queues at Belarusian border checkpoints. The operation of the Belarusian customs service, primarily automated border crossing procedures, was high on the agenda of the latest working meeting of Belarus President Alexander Lukashenko and Yuri Senko, BelTA has learned. ... Read More »

Carter County unemployment at 10.5%

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FRANKFORT: Three Northeast Kentucky counties were among the ten counties with the highest unemployment rates in the state, according to the Kentucky Center for Education and Workforce Statistics, an agency of the Kentucky Education and Workforce Development Cabinet. Elliott County was third-highest with a 10.7 percent jobless rate, Carter County was fourth — along with Harlan County — with 10.5 ... Read More »

Nigeria Customs seize 470 firearms imported from Turkey

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ABUJA: The Nigeria Custom Service says it has intercepted over 470 firearms smuggled into the country at Tin-Can Island port, Lagos. According to Customs Comptroller General, Hameed Ali, the 470 pump action rifles were imported from Turkey. He says they were concealed as Elbow Plumbing Plastics. “Following increased arms seizures in recent times, the Customs Area Controller of Tin-Can Port, ... Read More »

Peoria unemployment rates fall during August

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PEORIA: Unemployment rates were down across each of the state’s metropolitan areas compared with one year ago, according to data released Thursday by the Illinois Department of Employment Security. The Peoria area saw the second-largest year-over-year decline in unemployment rates between last August and this August, falling 1 percentage point to 5.3 percent. Only the Bloomington area — which fell ... Read More »

Seme Customs command collects N701m in August

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ABUJA: The Nigeria Custom Service, Seme Command, said it collected N701 million as revenue for the month of August. A statement made available to newsmen recently by the command’s Public Relations Officer (PRO), Mr Selchang Taupyen, said that the command succeeded in collecting so much by blocking all revenue leakages at the border. “In the month of August 2017, the ... Read More »

European propylene imports in Jan-Jul jump 22.7%

Mexico iron ore imports doubled in July

LONDON: European Union member countries imported a total of 255,523 mt of propylene in the first seven months of the year, up 22.7% on the year, Eurostat data shows. Net imports over the January-July period increased slightly more, by 29.6% to 201,335 mt. Despite the net propylene flows from the US to Europe, the spot arbitrage was closed for all ... Read More »

Nigeria Customs Service reads riot act to free zones over smuggling

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ABUJA: The Nigeria Customs Service (NCS) has raised concerns over the increasing smuggling activities allegedly taking place at some Free Trade Zones (FTZs) in the country. The Comptroller-General, Nigeria Customs Service (NCS), Hameed Ibrahim Ali, who disclosed this at an interactive session with manufacturers at the 2017 edition of the Manufacturers Association of Nigeria’s (MAN), yearly general meeting in Lagos, ... Read More »

Unemployment rate increased in New Jersey

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WASHINGTON: New Jersey was one of eight states to see a rising unemployment rate in August, according to the U.S. Bureau of Labor Statistics | Division of Current Employment Statistics. In August, eight states had unemployment rate increases, the largest of which was in Indiana (+0.4 percentage point), closely followed by California, New Jersey, Oregon, and West Virginia (+0.3 point ... Read More »

Egypt’s LNG imports cost reach USD1.8bn amid this year

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CAIRO: The government succeeded in solving the energy saving issue faced by the nation until 2015 by importing LNG shipments and realizing large oil and gas discoveries that cut pressure on foreign currency. In addition, the oil sector gives top priority to meet the needs of the regional gas market before becoming an exporting nation and sets the priority of ... Read More »

Unemployment rises in Arkansas, Oklahoma

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WASHINGTON: The Arkansas unemployment rate increased by one-tenth of a percent in August to stand at 3.5 percent. The Arkansas Department of Workforce Services said Friday that the total number of people employed increased by just more than 2,000 while the number of unemployed rose by more than 1,200 as the overall workforce increased by more than 3,200. The trade, ... Read More »

Kern County’s unemployment rate slightly down in August

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BAKERSFIELD: New employment numbers for the month of August show that Kern County added 6,000 jobs last month, according to preliminary numbers from the state’s Employment Development Department. That puts the county at 9.4 percent unemployment, down from 9.6 percent in July. That number is also below the August 2016 rate of 9.7 percent unemployment. Most of the jobs added ... Read More »

Nigeria’s inflation drops to 16.01% in August

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ABUJA: The National Bureau of Statistics (NBS) says inflation rate measured by the Consumer Price Index (CPI) has further dropped to 16.01 per cent in August from 16.05 per cent in July. The NBS made this known in its “CPI August 2017 Report’’ released on Friday in Abuja. The CPI which measured inflation, increased by 16.01 per cent (year-on-year) in ... Read More »

Inflation slump to hit in early 2018: ECB

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FRANKFURT: Inflation in the eurozone will slump in early 2018, the European Central Bank forecast Monday, but return to an upward path towards its target later in the year. Price growth could fall as low as 0.9 percent in the first quarter, the ECB said in its regular economic bulletin, far short of governors’ target of just below 2.0 percent.  ... Read More »

Customs at PH rakes in N2.98bn, surpasses revenue target

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ABUJA: The Nigeria Customs Service, NCS, Area 1 Command Port Harcourt, has realised N2.98billion in its revenue generation for the month of August, 2017. The Command also surpassed its revenue target in the same period with N300million. The Customs Area Controller, CAC, of the Command, Comptroller Kabiru. Isiyaku, disclosed this in a document signed and made available to Vanguard by ... Read More »

New Jersey unemployment rate climbs to 4.5%

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TRENTON: New data shows New Jersey added 200 jobs in August and the unemployment rate rose to 4.5 percent from 4.2 percent in July. The Labor and Workforce Development Department called the additions “modest.” The state rate has inched above the federal figure for the first time since December, when both stood at 4.7 percent. Bureau of Labor Statistics preliminary ... Read More »

Customs generates N163m from e-auction bidding

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ABUJA: The Nigeria Customs Service says it has generated N163 million from its e-auction bidding process, according to the service Public Relations Officer, Mr Joseph Attah. Attah told newsmen on Wednesday in Abuja, that the 11th window of the process was ongoing. The Comptroller-General of Customs, retired Col. Hameed Ali on July 3, inaugurated the e-auction platform aimed at giving ... Read More »

Dangote earns US$86m in revenues from Ethiopia

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WASHINGTON: Dangote Cement earned revenues of more than US$85.8m from its plant in Ethiopia in the financial year that ended 8 July. Export volumes of more than 2Mt contributed significantly to sales revenues, including some US$1m from export sales to Kenya and Djibouti, according to Tariku Alemayehu, Dangote Cement’s deputy director of sales and marketing. Dangote Cement’s plant is located ... Read More »

Nevada unemployment rate in August bounces up to 4.9%

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CARSON CITY:  State officials say growth in the workforce may be behind a slight increase in the Nevada statewide jobless rate in August, to 4.9 percent. The Nevada Department of Employment, Training and Rehabilitation said Wednesday the uptick of one-tenth of a percentage point since July puts the unemployment figure back to February levels. The jobless rate bottomed out at ... Read More »

Customs nets N2.98bn at Port Harcourt area 1 command

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LAGOS: The Port Harcourt Area 1 Command of the Nigeria Customs Service (NCS), said that it generated N2.98 billion into the Federal Government coffers in August this year. The command also disclosed that the amount surpassed the monthly revenue target with N300 million for the month under review. Ngozi Okwara, Command’s Public Relations Officer (PRO) in a statement said that ... Read More »

West Virginia unemployment rate increases in August

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CHARLESTON:  West Virginia’s unemployment rate increased to 5 percent in August, with the largest decrease in employment in trade, transportation and utility industries. Total unemployment is down 7,500 over the last year. The national average in August was 4.4 percent. Employment increased by 2,600 employees in mining and logging; 1,100 in construction; 600 in financial activities; and 4,400 in educational ... Read More »