FirstBank promotes kindness in week-long corporate responsibility, sustainability celebration
Bukola Odufade
September 25, 2017
Nigerian lender, First Bank, Monday began a whole week devoted to celebrating its corporate responsibility and sustainability (CR&S)initiatives across the country, some African countries where it has subsidiaries and in the United Kingdom. The celebration will last until Friday 29, September, 2017. The lender in a statement said the theme for the celebration is ‘Promoting […]
Air France launches Joon airline targeted at younger passengers to better compete against Gulf carriers
Businessam StaffSeptember 25, 2017
Air France Monday formally launched its new “Joon” lower-cost airline, which it hopes will attract a younger clientele and restore some routes to profitability. Air France said Monday that Joon would start off by flying to six destinations. Starting from Dec. 1, Joon will fly to four cities in Europe – Barcelona, Berlin, Lisbon and […]
JPMorgan to hire ‘thousands’ for operations hub in Poland
Businessam StaffSeptember 22, 2017
Poland’s government expects JPMorgan Chase & Co. to open an operational center in Warsaw, swelling the ranks of banks attracted by Poland’s lower costs amid competition by European cities for jobs set to move away from London. The U.S. bank, which is poised to hire “several thousand people,” according to Polish Deputy Prime Minister Mateusz […]
Aiteo shuts Nembe creek trunk line over leakage – official
Businessam StaffSeptember 22, 2017
Aiteo Eastern Exploration and Production Company Friday said it had shut its Nembe Creek Trunk Line (NCTL) for emergency repairs following the detection of oil leakage. Ndiana-Abasi Matthew, the company’s Senior Manager, Corporate Communications, made this known in a statement issued in Lagos, saying that the shutdown was done on September 15 According to him, […]
Mercedes plots Tesla attack with $1bn U.S. Electric Push
Businessam StaffSeptember 22, 2017
Daimler AG plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its Alabama factory, setting the world’s largest luxury-car maker up to battle with battery-car specialist Tesla Inc. on its home turf The German automaker will build its fifth battery plant globally and create more than 600 jobs in the region, the company said […]
Uber stripped of London license
Businessam StaffSeptember 22, 2017
London stripped Uber Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. Regulator Transport for London (TfL) said Uber’s conduct posed risks to public safety and it would not renew its […]
Western Digital takes fresh legal action against Toshiba after latest chip unit bid rebuffed
Businessam StaffSeptember 21, 2017
Western Digital Corp. said Wednesday it has taken legal steps against Toshiba Corp.’s investment in a new production site at their joint-venture chip plant, just hours after the Japanese firm rejected the California-based company’s bid to acquire its semiconductor unit. Western Digital filed an arbitration request with the International Court of Arbitration, seeking to prevent […]
Delta hits milestone on Lagos-Atlanta route, records 1-millionth passenger
Businessam StaffSeptember 20, 2017
The lucrative Lagos, Nigeria – Atlanta, United States non-stop air passenger route operated by Delta Airlines recorded its first one millionth passenger at the weekend when Gbemisola Abudu boarded the flight bound for Atlanta, after a short recognition ceremony at the Murtala Muhammed International Airport in Lagos. Bobby Bryan, Delta’s commercial director for East and […]
Whyte Cleon says staff recall from First Bank followed global outsourcing best practice
Businessam StaffSeptember 19, 2017
Whyte Cleon Limited (WCL), the company that outsourced staff to First Bank Limited, has said the withdrawal of some of its personnel from the bank followed laid down procedure in the engagement, deployment and withdrawal such staff around the world. The company said it had to respond to media reports that it allegedly ordered mass […]
Alibaba-backed Best Inc cuts expected price range for U.S. IPO
Businessam StaffSeptember 19, 2017
Alibaba Group-backed Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) to be priced at $10 to $11 per ADS, it said in a filing […]