Cryptoverse: Venture Capitalists Bet Big On Crypto.
It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring…
Year: 2022
FG Reiterates Commitment To 2030 Renewable Energy Target-Nigeria.
The Minister of State for Power, Mr Goddy Jedy-Agba, has reiterated the Federal Government’s commitment; to the 2023 sustainable energy target. The…
Nigerians In Diaspora Contribute 4% Of GDP.
The Vice-chair, Chartered Institute of Personnel and Development, South London Branch, United Kingdom, Mr. Dayo Olomu, has said that Nigerians…
Asia Shares Increase As A Fed Rate Hike Approaches.
Asian shares pared losses as investor sentiment improved on China’s reported plans to tackle a debt crisis in real estate…
China Belt & Road Spending Dips In H1, With No Investment In Russia.
China’s finance and investment spending in Belt and Road countries fell in the first half compared to a year earlier.…
Bank Of Japan Board Reshuffle Brings In Less Dovish Member.
The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end…
Rogers To Invest C$10 Billion In AI, Testing After Massive Outage.
Rogers Communications Inc (RCIb.TO)said it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence; and…
Britain’s M&S Seeks Food Supply Chain Control With $173-Mln Gist Buyout.
British retailer Marks and Spencer (MKS.L) said it would acquire its key logistics services provider Gist Ltd for 145 million…
U.S. Business Activity Contracts In July For First Time In 2 Years, Survey Shows.
U.S. business activity contracted for the first time in nearly two years in July. As a sharp slowdown in the…
According to SundaysZeitung, Credit Suisse Plans To Make More Cost cuts.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in…
Shanghai Bourse Vows Market Stability Before Communist Party Congress.
The Shanghai Stock Exchange (SSE) vowed over the weekend to maintain market stability; ahead of the politically significant 20th Party…
Stocks Decline As Growth Risks Weaken Confidence; Demand For Bonds, Dollar.
Asian stocks lost ground, retreating from over three-week highs as worries about a global economic downturn sapped investors’ risk appetite.…
Cargill, Continental Close U.S. Chicken Deal.
Cargill and Continental Grain Co said that they had closed their deal to buy Sanderson Farms Inc (SAFM.O). This is…
In Argentina, Financial Risks Deepen Along With Investor Jitters.
Argentina’s debt sank deeper into distressed territory, in just the latest week of sour financial news. This highligted growing doubts…
The U.S. ITC Opens An Investigation Into The Trading Of Specific Fabrics With South Korea.
The U.S. International Trade Commission said it has launched an investigation related to the possible impact on the trade of…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech Millionaire.
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220 million) takeover offer from two private…
UK Retail Sales Slip In June As Consumers Struggle With Inflation.
British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than…
Higher Expenses And A Labor Shortage Reduced Domino’s Pizza’s Profit.
Domino’s Pizza Inc (DPZ.N) missed market estimates for quarterly profit as costs soared; and a staffing crunch hampered the fast-food…
Due To Tighter Budgets, Consumers Avoid Candles And Barbecue Kits.
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S. Companies are telling investors to…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local Currency
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in dollars.…
Luxury Shoemaker Manolo Blahnik Wins 22-Year Trademark Battle In China
Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama “Sex and the…
USAID to provide Kenya with $255mln for drought
U.S. development agency USAID will provide Kenya with $255 million in emergency and development assistance to tackle drought, administrator Samantha…
Gazprom Bond Payments Trickle Through To Some Creditors As Sanctions Rise
Payments due on international bonds issued by Russia’s Gazprom (GAZP.MM) have been transferred to some creditors, a source familiar with…
Facebook’s Growth Woes In India: Too Much Nudity, Not Enough Women
On Feb. 2, when Meta Platforms (META.O) reported Facebook’s first-ever quarterly drop in daily users; its finance chief identified higher…
Global Equity Funds See Biggest Weekly Outflow In Five Weeks
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution…
Hungary Blocks EU Deal On 15% Minimum Corporate Tax
Hungary has blocked an EU directive that would impose a 15% minimum tax on multinational corporations, arguing the levy would deal…
Nigerian FG Estimates Fuel Subsidy Payment Of N6.72 Trillion For 2023
The Nigerian FG has announced that the subsidy on petrol is estimated at N6.72 trillion for 2023, which would be…
German Government Agrees On Bailout For Energy Supplier
The German government has agreed on a bailout for Uniper UN01, -8.24%, which reduced Russian gas imports have hit, the company said. Terms…
Fed To Stick To 75 Bps Hike In July; 40% Chance Of Recession
The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its…
Nigeria Positioned To Leverage $65Bn Art Market – Patrons
A Director of Patrons, an art advisory and dealership firm, Keturah Ovi;, says Nigeria has the capacity to tap into…