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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.

Customs seizes 941 bags of foreign rice

bags

ABUJA: The Western Marine Command of the Nigeria Customs Service (NCS) on Thursday, May 26, said it has impounded 941 bags of foreign per boiled rice valued at about N6.8 million. The Controller of the command, Sarkin Kebbi, said this at a news conference in Lagos. ”The impounded rice is valued at N6,830,719, a Duty valued N4, 781,503 and duty ... Read More »

Customs in Sint Maarten seizes 337 kilos drugs

drugs

PHILIPSBURG: Customs officers confiscated approximately 336 kilos of marijuana and one kilo of cocaine during the past week, according to Customs on Thursday. Customs officers at Princess Juliana International Airport SXM confiscated one kilo of cocaine from a traveling man J.E.M. on May 17. He arrived on the InselAir flight from Curaçao. He had swallowed 83 “bolitas,” which was proven ... Read More »

Kenya’s tea production falls to 34.49 mln kg in March

FALL

NAIROBI: Kenya’s tea production decreased sharply to 34.49 million kilograms in March compared to 45.32 million kilograms recorded in the same period in 2016, tea marketers said. The Tea Directorate attributed lower production largely to dry and hot weather conditions experienced in all the tea growing areas across the country. “The most affected region was the East of Rift where ... Read More »

Cincinnati Customs Officers find toasted rat, books filled with coke hidden in packages

CINCINNATI CUSTOMS

WASHINGTON: While most of the Tri-State sleeps, the DHL super-hub at Cincinnati-Northern Kentucky International Airport is humming. Packages fly by on tilting conveyer belts as hundreds of DHL employees worked in tandem with U.S. Customs and Border Protection officers. Customs officers are on the hunt on illegal items hidden in pieces of mail shipped from around the world. “We’re looking ... Read More »

Chilean Customs workers go on strike indefinitely

Detector dog at International Mail Centre

SANTIAGO: Chilean Customs walked off the job Tuesday morning after a meeting between the Association of Customs Officials (Anfach) and members of Chile’s finance ministry broke down in disagreement over the labor contract. According to Anfach, the two-part labor agreement the union signed with federal officials in May 2015 last November is supposed to provide Customs workers with more personnel ... Read More »

Customs C-G orders relocation of seized 440 rifles to FOU

customs export

LAGOS: FOLLOWING the interception of a 20-foot container laden with arms at the Tin Can Island Command of Nigeria Customs Service, NCS, the Comptroller General of Customs, Col Hammed Ali (retd), has ordered that the import be moved to the Federal Operations Unit (FOU) of the service in Ikeja, pending investigation. Disclosing this to Vanguard, yesterday, Public Relations Officer of ... Read More »

WV Lottery revenues continue decline from last year

decline

WASHINGTON: The West Virginia Lottery has seen a $55 million decrease in gross Lottery revenues so far this fiscal year, after April’s revenues came in about $7 million lower than last year. “Our traditional sales are down slightly over last year,” said Randy Burnside, public relations manager for the Lottery, at the state Lottery Commission’s meeting on Wednesday. “A lot ... Read More »

Namibia’s unemployment rate increases to 34% in 2016

unemployment_0

WASHINGTON: Namibia’s unemployment rate increased to 34 percent of the working population last year from 28.1 percent in 2014, the last time a labour force survey was conducted, the Namibia Statistics Agency (NSA) said on Wednesday. The jobless rate edged closer to the all-time high of 37.6 percent seen in 2008 during the global financial crisis. The agency said the ... Read More »

Ministry seizes 30 tonnes of cosmetics

COSMETICS

WASHINGTON: In the latest in a string of counterfeit cosmetics busts this year, the Ministry of Interior’s Anti-Counterfeit Committee seized 30 tonnes of what are believed to be fake skincare products at their alleged owner’s home and warehouse in the capital’s Tuol Svay Prey I commune over the past two days. According to the committee’s Deputy Secretary Toch Yuthyea, authorities ... Read More »

Sweden’s central bank says housing market serious threat to economy

SCB

STOCKHOLM: Rising mortgage debt is a serious threat to Sweden’s economy while regulators need to introduce tougher measures to strengthen banks against future shocks, the central bank said in its semi-annual stability report, published on Wednesday. Worries have been growing about Sweden’s soaring housing market with the European Commission warning of the risks of a “disorderly correction” this week. A ... Read More »

Customs seizes container with 440 guns imported from Turkey

customs

ABUJA: The Nigeria Customs Service, Tin Can Island Command, on Tuesday, intercepted a container laden with 440 arms and ammunition of various sizes and designs. Speaking about the seizure, the zonal commander, Tin Can Island command, Monday Abue, who represented the Comptroller-General, NCS, Col. Hameed Ali (retd.), said that the cargo was shipped from Turkey. He said that the consignment ... Read More »

Erlanger expects to top $1B in revenues for first time in 2019

revenues

WASHINGTON: Fueled by patient volume growth, Erlanger Health System officials expect the Chattanooga, Tenn.-based system’s revenues to surpass $1 billion by 2019, according to the Times Free Press. During a budget proposal presented to trustees Monday, Erlanger officials said they project the system’s revenues will climb 51 percent between 2014 and 2018. In the fiscal year beginning July 1, the ... Read More »

Deschutes unemployment at new low

unemployment

WASHINGTON: Business is good at Deschutes County Title, a title and Escrow Company based in Bend, said Curt Stafford, area sales manager. The company hired six people this year to staff a new office in Redmond, he said. With real estate sales still strong, the summer promises to be busy. “The perception is that business is better than last year,” ... Read More »

Nigeria LNG exports landmark 4000th cargo to Turkey

LNG export

ABUJA: Nigeria LNG Limited (NLNG) has reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the Company’s historic 3000th cargo, three years ago. The cargo shipped on board one of NLNG’s chartered vessels, LNG Sokoto, is ... Read More »

Customs reports 17% increase in revenue collection

jamaica customs

KINGSTON: The Jamaica Customs Agency (JCA) says it collected 17 per cent more revenues for the 2016/17 fiscal year or $27.4 billion more than the previous year. Commissioner of Customs Velma Ricketts Walker says the agency collected $188.5 billion in net revenues, an increase of $27.4 billion. The Customs agency boss attributed the uptick in revenues to an increase in ... Read More »

Idaho unemployment rate dips to 3.4%

dips

WASHINGTON: Idaho’s unemployment rate dropped to 3.4 percent in April, while Blaine County’s was 2.5 percent. In Blaine County, the unemployment rate has been below 3 percent since November 2016, according to the Idaho Department of Labor. In April, the seasonally adjusted workforce was 11,653 workers, according to the Department of Labor. That included 11,366 workers and 287 unemployed workers. ... Read More »

Agilent Technologies Q2 revenues up 8%

revenues

NEW YORK: Agilent Technologies reported after the close of the market on Monday that its fiscal second quarter revenues rose 8 percent. For the three months ended April 30, the firm reported revenues of $1.10 billion, up from $1.02 billion a year earlier, beating the average Wall Street analyst expectation for revenues of $1.05 billion. Revenues from the life sciences ... Read More »

Bulgaria seizes 423 kg of heroin at border with Romania

herion

SOFIA: Bulgarian law enforcement authorities have seized 423 kg of heroin at Danube Bridge checkpoint near Vidin at the border with Romania, officials said here on Sunday. Georgi Kostov, Director General of the National Customs Agency, said at a press conference that the illicit drug, split into 400 packets, was discovered on Saturday morning in a Bulgarian truck carrying terracotta ... Read More »

Customs destroys 250 cartons of poultry products in Ibadan, arrests one

nigeria-customs

ABUJA: The Controller General of Customs (CGC) Compliance Team in Oyo and Osun states, has arrested a middle aged-man whose identity is yet to be revealed in connection with illegal smuggling of over 250 cartons of imported poultry items into the country. Representative of CGC Compliance Team, Mr. Chukunalo Okolo made this known at the weekend during the destruction of ... Read More »

Datatec sees revenue decline

decline

WASHINGTON: International ICT solutions and services group Datatec’s revenue declined by 5.8% ($338 million) year-on-year to $6.08 billion from $6.45 billion last year. The company announced its audited provisional results for the year ended 28 February 2017 this morning. The group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was $118.9 million (FY16: $162.1 million). Datatec operates in more than ... Read More »