Consumer goods remains one of the worst-hit sectors on the NSE, here’s why

Customs strike force Zone A intercepts falsely declared goods

Benin fire: Section of Oregbeni market road, goods worth millions of Naira destroyed

For the second time this month, the video-sharing platform TikTok faces demands to pay more than €1 billion. The company has come under heavy scrutiny for its privacy regulations.

The Russian attack on Ukraine has dampened consumer sentiment in Germany, just as many hoped the lifting of pandemic restrictions would drive an economic revival. Experts say a recession could be looming.

To some people, war may be an abstraction that they only imagine happening elsewhere. Or perhaps it's something that they have experienced personally, either directly or indirectly. Either way, the concept of war extends far beyond the battlefield, appearing in computer or video games, at weapons trade fairs or in movies. In short, some argue it has become a consumer good much like any other. Photographer Rafael Heygster explores this theme in his photo exhibit "I Died 22 Times". He joined us for Perspective to tell us more.

German energy official Klaus Müller has said the country's gas situation is stable but predicted higher prices for consumers. He also said that Germany can last another 2 1/2 months without Russian gas.

Google uses unclear language and deceptive designs that trick users into agreeing to give up their data, EU watchdogs have said. The tech company has two other pending antitrust suits in the EU.

The European Commission said Russia can continue rail — but not road — transit of sanctioned goods to Kaliningrad as long as they don't serve military purpose.

Rampant inflation and soaring energy costs have caused German consumer sentiment to drop according to new market research, with no indication just yet that inflation will improve soon.

US Consumer Price data for the month of September will be released later this Thursday, and is expected to stay high. Core prices, which exclude food and energy, are expected to have increased 6.5 percent annually last month, a rate not seen in 40 years.

After Meta and Twitter, Amazon is the latest e-commerce giant looking to reduce its payroll. Reports in The New York Times and other outlets say this is part of the company's drive to cut any lossmaking or underperforming units. The job cuts, which could represent as much as 3 percent of the group's corporate workforce, would be the largest in Amazon's history.

Is the luxury sector recession-proof? Sales at high-end brands plunged at the start of the Covid-19 pandemic, but they've since rebounded sharply, even as inflation soars and economic growth slows. Now many fashion houses are hoping that China's reopening will be another boost to their business.