Britain’s Truss backs powers to override financial watchdogs, says FT.
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they…
Month: August 2022
EXCLUSIVE Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal.
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry…
Ukraine Sees Big Increase In Agriculture Exports In July.
Ukraine’s grain, oilseed, vegetable oil exports rose 22.7% in July versus June to 2.66 million tonnes. Grain exports slumped since…
How Inflation Worsens Plight Of Nigerian Workers.
Workers have continued to groan under the adverse effect of inflation on their income. Economists define inflation as the rise…
Nigeria, Three Others Top World Bank Debtors’ List.
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…
Crypto-Mixing Service, Tornado Cash, Blacklisted In The United States
The United States Treasury Department has announced today that it has banned American citizens from using Tornado Cash. A famous…
Petroleum Minister, Timipre Sylva, Says Nigeria Loses 400,000 Barrels Per Day To Oil Theft.
Rising cases of oil theft which has affected Nigeria’s earning capacity in a period of high crude prices could be…
Why Ethereum Is Gaining So Much Interest, Approaching $1,800.
Following the correction experienced last week, the price movement of Ethereum, the main altcoin, has begun to recover. After that,…
Institutional Investors Are Buying Ether As Merge Event Approaches.
For seven consecutive weeks, Institutional investors have been investing heavily into Ether-based digital asset funds; as these products have recorded…
Australia’s Central Bank Launches Digital Currency Project.
Australia’s central bank said it was launching a one-year research programme into the case for a central bank digital currency…
SoftBank Plans Vision Fund Job Cuts After Record Net Loss.
SoftBank Group Corp (9984. T) is planning to cut headcount at its flagship Vision Fund investing arm; CEO Masayoshi Son said, after…
Stocks Slip As Caution Reigns Ahead Of U.S. Inflation Data.
Shares edged lower and the dollar hung off recent highs as investors eyed U.S. inflation data due a day later…
S.Korea To Probe App Store Operators Over Suspected In-app Payment Violations.
South Korea’s telecommunications regulator on Tuesday said it plans to launch an investigation into app store operators such as Apple…
German Economy To Lose $265 Bln In Added Value Due To War, High Energy Prices-Study.
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030; due to the Ukraine…
Exclusive: Bank of England Will Probably Need To Raise Rates Again, Ramsden Says.
The Bank of England will probably have to raise interest ratesto tackle inflation pressures; that are gaining a foothold in…
Cryptoverse: Blockchain Bridges Fall Into Troubled Waters.
Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto…
Former Centerview Banker Sues Firm For Records Over Pay Clash.
David Handler, a veteran banker who had built Centerview Partners’ technology advisory business; has filed a lawsuit against his former…
Tesla Sets Aug 25 As Trading Day For Shares
Tesla Inc (TSLA.O) said trading in its three-for-one split shares will start on Aug. 25; after the electric vehicle maker’s shareholders approved…
U.S. Senate Approves Bill To Fight Climate Change.
The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change; lower drug prices and…
U.S. Fuel Retailers Rail Against Green Aviation Fuel, Tax Credit.
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion…
Shareholders Vote To Oust Chair Of Trian UK Investment Firm.
Shareholders of UK investment trust Trian Investors 1 Ltd (TI1) (TI1. L) have voted at an extraordinary general meeting to remove Chris…
Japanese Investors Were Big Buyers Of Foreign Equities In July.
Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive…
EFCC battles black market to boost naira, local currency gains N60 to $1 within a Week.
After plummeting to an all-time low of N710.00 the value of the local currency in Nigeria increased dramatically this week;…
Nigerian Pension Fund Administrators Pay N49.5 Billion Taxes In 3 Years.
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021; a 15.6% increase…
Brent Crude Oil Posts Worst Weekly Decline Since April 2020.
The commodities market in 2022 has been nothing short of a rollercoaster ride, especially in the Oil and Energy market,…
$2 Billion Worth Of Cryptos Have Been Stolen In Bridge Hacks So Far In 2022.
A recent report by Chainalysis, a blockchain data platform that provides data, software, services, and research; to government agencies, exchanges,…
Bitcoin May Hit $30k In September Despite Headwinds.
The crypto market has been progressively improving since early July despite macroeconomic headwinds. As it temporarily reached the $ 24k…
Oil Price Falls, OPEC Raises Nigeria’s Production Quota.
The Organisation of Petroleum Exporting Countries raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per…
Amazon Workers At UK Warehouse Walk Out Over Pay Offer, Union Says.
Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay.. “Amazon continues to…
Crypto Winter May Temper Fintech Earnings.
Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O). Block (SQ.N), as a chill in the cryptocurrency market adds…