Emirates Airlines To Suspend Flights From Nigeria From September 1 Over $85million Trapped Revenue.
Emirates Airlines has announced the suspension of its flight operations to Nigeria, starting September 1, 2022, over its $85 million…
Author: akintunde
Russia Fines Streaming Site Twitch Over 31-Second ‘Fake’ Video.
A court in Russia has fined streaming service Twitch 2 million roubles ($33,000) for hosting a short video containing what…
Oil Prices Turn More Volatile As Investors Exit The Market.
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the…
The Disappointing Economic Backdrop To China’s Policy Dilemma.
China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will…
Canadian Housing Starts Rise 1.1% In July.
Canadian housing starts surprisingly rose in July compared with the previous month, data from the national housing agency. The seasonally…
Skeptical On U.S. Stocks, Equity Hedge Funds Sit Out Market Rally.
Still uncertain on where U.S. Stocks are headed, equity hedge funds are sitting out the market rally; despite taking big…
China Vows To Support Digitalisation Of 4,000-6,000 Small Firms By 2025.
China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and medium-sized enterprises till…
U.S., European Banks Could Lose Over $5 Bln From Risky Buyout Loans.
Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S.…
Nearly 67,000 Investors Lose Everything As Bitcoin Drops Below $24K.
Following weeks of occasionally encouraging, sometimes confusing economic indices; and company profits, investors are still in a wait-and-see mentality, as…
Kenyan Shilling Plunges Against Dollar Since William Ruto’s Victory.
Kenya’s currency, the shilling weakened against the dollar as the country’s election commission; announced Deputy President, William Ruto winner of…
Nigeria’s Foreign Reserve Continues Improvement As Naira Dips Further At I&E Window.
Tuesday, 16th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the Investors and…
Google Invests Over $1.5 Billion Into Blockchain Companies In 10 Months.
Google’s parent company, Alphabet, has invested over $1.5 billion into blockchain-focused companies between September 2021 and June 2022. This is…
By The End of 2022, The U.S. Claims That Roughly 20 Models Will Receive EV Credits.
The Biden administration said about 20 models will still qualify for electric vehicle tax credits; of up to $7,500 through the end…
UK Inflation Tops 10%, Highest Since 1982.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of…
Exclusive: BMW Will Receive Huge Cylindrical Batteries From China’s EVE In Europe.
China’s EVE Energy Co Ltd (300014. SZ) will supply BMW (BMWG. DE) with large cylindrical batteries for its electric cars in Europe, two people…
Biden Signs The Inflation Act.
President Joe Biden signed into law a $430 billion bill that is the biggest climate package in U.S. History, designed…
Russian Stocks Rise As The Rouble Reaches A One-Week High Against The Euro.
The Russian rouble strengthened to a one-week high against the euro, boosted by upcoming tax payments; that usually boost demand…
China To Boost Economic Demand, Speed Up Infrastructure.
China will boost economic demand in a strong, reasonable and moderate manner; and accelerate infrastructure construction in the third quarter…
Automakers Scramble To Decode New U.S. EV Tax Credits.
U.S. Automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers…
Apple Sets Sept 5 Deadline For Employees To Return To Office – Bloomberg.
Apple Inc (AAPL.O) has set a Sept. 5 deadline for corporate employees to return to office at least three days a week.…
Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny Mounts.
Chinese internet giant Tencent Holdings’ (0700. HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, as…
Exclusive: Tencent Plans To Divest Meituan Stake Worth $24 Billion.
China’s Tencent Holdings (0700. HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.…
Sterling Barely Changed Following Conflicting Labor Market Statistics.
The British pound was little changed, having briefly fallen to its lowest level in over a week, after mixed data…
Inflation Creates Recession Anxiety, Lowering Investor Confidence In Germany.
German investor sentiment fell slightly in August on concerns the rising cost of living will hit private consumption, and suggesting…
Rouble Weakens Towards 62 vs Dollar, tocks up.
The rouble weakened towards 62 to the U.S. dollar, pressured by falling oil prices but supported by looming taxes; that…
Pandora Shares Fall On Disappointing U.S. Sales.
Jewellery maker Pandora (PNDORA. CO) reported disappointing second-quarter sales in the U.S. Market; prompting its shares to fall, but reaffirmed its annual…
South Africa Network Provider Rain To Submit Merger Proposal To Telkom In Due Course.
South Africa’s data-only network provider rain intends to submit a formal non-binding proposal to bigger rival Telkom (TKGJ. J) in due course,…
Cryptoverse: Electric Ether Leaps On Verge Of Merge.
It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take…
Russia Says ‘No Need’ To Use Nuclear Weapons In Ukraine.
Russia has “no need” to use nuclear weapons in Ukraine, its defence minister said; describing media speculation that Moscow might…
To Reduce Pollution, The United States Is Providing $1.66 Billion For New Buses.
The U.S. Transportation Department said it is awarding $1.66 billion in grants to cities and states to buy 1,800 buses…