Business

For five years, Tunisia has moved from one shortage and public-service crisis to another. Sugar, cooking oil, milk, flour, semolina, rice, coffee, medicine, fuel and meat have all, at different times, become difficult to obtain or significantly more expensive. In the summer of 2026, the list has grown to include bottled water, drinking water and electricity. Each crisis has its own immediate explanation, but their repetition points to a deeper concern: a state that too often appears to intervene only after a problem has already reached the population.

Volkswagen is preparing to eliminate about 50,000 additional jobs as the German automotive giant launches what it describes as the most extensive restructuring programme in its 89-year history, with mounting pressure from Chinese competitors, high energy costs and the expensive shift toward electric vehicles.

The Netherlands has shifted more than $10 billion worth of gold reserves away from storage locations in the United States and Canada and increased the proportion held in London, with the Dutch central bank saying the move is intended to make its reserves more accessible and strengthen the country’s preparedness for severe financial or geopolitical crises.

The growing economic relationship between Africa and the Gulf could develop into one of the world’s most important investment corridors over the next decade, according to billionaire investor and businessman Prateek Suri.

Six months after the United States and Israel launched their war on Iran, the economic consequences of the conflict continue to spread across global markets, with disruption to energy supplies creating sharp gains for some oil companies while exposing other sectors to higher costs and uncertainty.

The Chairman of Jezco Group, Chief Joseph J.J. Ezeokafor, and a Catholic reverend sister who were abducted by armed gunmen in Ifite-Awka, Awka South Local Government Area of Anambra State, have regained their freedom after spending several days in captivity.

Nigeria’s insurance sector has reached a major regulatory milestone after the National Insurance Commission (NAICOM) confirmed that seven additional insurance companies have met the industry’s revised capital requirements, bringing the total number of compliant firms to 50 as the nationwide recapitalisation exercise officially concludes.

President Bola Tinubu has reaffirmed his administration’s commitment to restoring Nigeria’s state-owned refineries, saying the facilities will return to operation only through a commercially sustainable model that prioritises productivity and profitability rather than symbolic activity.

The Central Bank of Nigeria has revised several rules governing banks’ access to its liquidity facilities, foreign exchange transactions and Open Market Operations, introducing greater flexibility for financial institutions and investors.

A chaotic confluence of extreme weather is ravaging the United States this week as the country simultaneously battles a smoke-choked East, catastrophic flooding in the South, and a rapid escalation of wildfires across the West.