Business articles

Nigeria cracks down on illicit oil refineries

Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta -— the unmistakable sign of an illicit oil refinery.

US judge orders VW to pay $2.8 bln criminal penalty

A US judge on Friday sentenced Volkswagen to pay a $2.8 billion criminal penalty in the diesel emissions cheating scandal, in line with a deal struck between the automaker and the US government.

Greece beats primary surplus target for 2016

Greece on Friday said it logged a primary surplus of 3.9 percent in 2016, nearly eight times higher than a key target agreed in its economic bailout and debt relief talks.

Eurozone economy hits 6-year high in April

The eurozone economy grew at its fastest pace in six years in April on the back of strong demand and “widespread optimism” about the outlook, a closely watched survey showed Friday.

Emirates cuts flights to US as demand weakens

Emirates, the Middle East’s largest airline, said Wednesday that it will reduce flights to the United States after tightened visa and security measures under President Donald Trump hit demand.

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