Business

HONG KONG — Jack Ma, China’s richest man and the guiding force behind its biggest e-commerce company, belongs to an elite club of power brokers, 89 million strong: the Chinese Communist Party. The party’s official People’s Daily newspaper included Mr. Ma, executive chairman of the Alibaba Group and the country’s …

US President Donald Trump speaking at a Make America Great Again rally in Biloxi, Mississippi, last night Photograph: Jim Watson/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Trade war fears are rippling through the markets again today, …

“ECOWAS has said 2020 and we are working towards 2020. It is all part of the economic development and growth objective of each and every of our economies.” Isaac Anumihe, Abuja The West African Monetary Institute (WAMI/Institute) was set up in Accra, Ghana, in January 2001 and began operations in …

United Technologies plans to split into three separate companies, the industrial giant said on Monday. The breakup, to be completed by 2020, signals a shift away from a kitchen-sink approach to industrial manufacturing in favor of generating returns by specializing in a single area of business. One of the entities …

Always read the qualifications in an audit report. The same applies to the planned merger of BDO and Moore Stephens to create the UK’s fifth largest firm of auditors and consultants. The deal signals “desire” to improve competition at the top end of the market, according to the partners. That …

Super Falcons forward Asisat Oshoala, defender Onome Ebi and goalkeeper Tochukwu Oluehi, have made the 2018 African Women Cup of Nations (AWCON) group stage first eleven. This was announced on the tournament’s twitter handle @CAF_AWCON on Monday as the event rounded up its group games on Saturday and set for …

Good Monday. (Want this by email? Sign up here.) Stock investors aren’t the only ones suffering This year could go down as dismal for investors in all kinds of asset classes: • The WSJ reports that BlackRock thinks “stocks and bonds could both finish the year in the red for …

4.44am EST04:44 Mitsubishi’s CEO (and new interim chairman) Osamu Masuko has told reporters that sacking Ghosn was “an agonising decision,” but a necessary one to “protect the company”. Updated at 4.47am EST 4.41am EST04:41 The decision to remove Ghosn from the chairmanship was unanimous, Mitsubishi says. 4.37am EST04:37 Carlos Ghosn …

Rose Ejembi, Makurdi and  Noah Ebije, Kaduna The Benue State Government has chided former governor of the state, Senator George Akume, for leading leaders of the All Progressives Congress (APC) in Benue to the Presidential Villa in Abuja, last Friday. In a statement titled “Senator Akume’s shameful naked dance at …

RIO DE JANEIRO — The elevator attendants are under no illusion: Their days are numbered. Yet the few thousand operators in Rio de Janeiro who have clung on to their jobs well into the 21st century are hoping the forces of automation won’t entirely obliterate their trade, at least for …