Worst Violence In Years Spreads In South Africa As Grievances Boil Over
Crowds clashed with police and ransacked or set ablaze shopping malls in cities across South Africa on Tuesday, with dozens…
Day: July 15, 2021
Facebook Seeks U.S. FTC Chair Lina Khan’s Recusal In Antitrust Case
Facebook (FB.O) on Wednesday asked for the recusal of Federal Trade Commission Chair Lina Khan from the FTC’s antitrust case against the…
SUSE Reports In-Line Results, Confirms Guidance Following IPO
German open-source software company SUSE (SUSEG.DE) on Thursday reported results in line with expectations and confirmed its guidance, in the first set…
World Bank Trims East Asia, Pacific GDP Forecast Amid COVID-19 Concerns
Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…
Taiwan’s TSMC Posts 11% Jump In Q2 Profit On Global Chip Demand
Taiwan’s TSMC (2330.TW), posted an 11% rise in quarterly profit on Thursday, boosted by a pandemic-led surge in global demand for…
Record-Low Rates Spur Australia M&A Frenzy In 2021
Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and…
UK-Based Cybersecurity Firm Avast In Merger Talks With NortonLifeLock
UK-based cybersecurity firm Avast Plc (AVST.L) said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc (NLOK.O). If…
Asian Shares Find Support As Powell Shrugs Off Inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways…
Exclusive Twitter Sees Jump In Govt Demands To Remove Content Of Reporters, News Outlets
Twitter Inc (TWTR.N) saw a surge in government demands worldwide in 2020 to take down content posted by journalists and news outlets,…
China’s Economy Grows Slower Than Expected In Second Quarter
China’s economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw material costs, and…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects of Federal Reserve…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido told his…
Future Of Oil & Gas In Nigeria: Renewed Oligations From Private Sector
From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas flaring challenges, debates about hydrocarbon…
Turkey Holds Rates Again As Inflation Rules Out Summer Cut
Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a…