Inflation Reduces Income While The UK’s Hot Labor Market Cools.
Britain’s super-hot labour market showed signs of cooling in official data published; as businesses became more cautious about hiring and…
Author: akintunde
Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.
Stock markets struggled for direction as they grappled with worries over global growth; following weak Chinese and U.S. economic data…
Dutch Detain Suspected Developer Of Crypto Mixer Tornado Cash
Dutch authorities said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado…
Australian Court Orders Google To Pay $43 Million For Misleading Users.
Australia’s competition watchdog said on Friday that Alphabet Inc’s (GOOGL. O) Google unit was by the country’s Federal Court to pay A$60…
Sterling Falls Vs Dollar As Focus Turns To UK Data.
The British pound fell against a broadly stronger dollar at the start of a week where traders and the Bank…
FG Borrows N2.45tn From CBN Amid Fiscal Risks-Nigeria.
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in…
Aegon Leads Gains Among Insurers.
European shares edged higher after a strong rally in the previous session on signs of U.S. inflation cooling, while Aegon…
Nigeria’s Banking Sector Leads, Attracts $1.47 Billion Foreign Inflows In Six Months.
The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of 109.8%…
What Crypto Assets Investors Are Buying In August Amid Ongoing Bullish Rally.
The actions of a certain group of investors in the crypto market have shown where they are putting their funds;…
Ether Trades At $1,900 On The Success Of Goerli Testnet Merge.
Ether, the native token of the Ethereum blockchain, is leading the altcoin rally in the London session; as it is…
Ghana’s Inflation Rate Rises To 31.7% In July 2022.
Ghana’s inflation rate rose further in the month of July 2022 after the headline rate surged to 31.7%; from 29.8%…
Coinbase Posts $1.1 Billion Loss In Q2 2022, Worst Since Listing On NASDAQ.
Citing “fast and furious” downturn of the crypto markets, Coinbase, one of the largest cryptocurrency exchanges; in the world by…
Iranian Government Makes First Crypto Payment For Imports Worth $10 Million.
The Iranian government has registered its first import order, to the tune of $10 million; Iran opted to this payment…
Samsung Unveils New Foldable Smartphones.
Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones; keeping prices at the same level as last year’s in a bid to…
EU To Stand Firm In Clash With Poland Over Cash, Officials Say.
Brussels is unlikely to back down on its demand that Poland respect the rule of law to receive post-pandemic recovery…
Sterling slumps 0.5% vs euro ahead of UK GDP data.
Sterling fell against the euro a day ahead of gross domestic product (GDP) figures which are to show further signs…
Indian Govt Working With Cenbank To Control Inflation.
India’s federal government is working with its central bank to take measures and control inflation, a top government source said…
Google Opposes Facebook-backed Proposal For Self-Regulatory Body In India.
Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints;…
40 Technical Colleges to Benefit from World Bank Environmental Safeguard Measures.
An estimated 40 Technical Colleges in Nigeria alongside the private sector would benefit from the World Bank; assisted project which…
Nigerian President Withholds Approval Of Exxon Mobil’s Asset Sale.
Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s (XOM. N) sale of local offshore shallow water assets to…
TORN’s Price Dips By 45% In Two Days After United State’s Ban On Tornado Cash.
It looks like the gloves are off as TORN, the native token of crypto privacy platform, Tornado Cash; is down…
Flutterwave Hires 200, Grows Workforce By 38%.
Flutterwave has said it has completed the recruitment process for its inaugural graduate trainee programme; and grown its staff base…
General Atlantic Hires Durham For Tech Buyouts.
Private equity firm General Atlantic has hired veteran technology dealmaker Jonathan Durham to expand in corporate buyouts; an area in…
Most Gulf Bourses Rise, Abu Dhabi At Record.
Major stock markets in the Gulf rose in early trade on Thursday after softer-than-expected U.S. inflation data encouraged bets of…
Binance Says It Is Winning Crypto Clients Thanks To Inflation.
Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation; and a historically strong…
Factbox: Is Global Inflation Nearing A Peak?
Calling the top of the current wave of inflation has been a painful exercise for economists; and central bankers, who…
Asian Currency Bears Retreat As Inflation View Improves.
Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation; with short bets on…
China’s July Auto Sales Extend Recovery, Jump 30% As COVID Curbs Ease.
China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began…
FTSE 100 Stalls As Rio Tinto, Healthcare Stocks Weigh.
Britain’s top share index was flat, weighed down by Rio Tinto and healthcare stocks, while the midcap index hit a…
Analysis: Softer Inflation ‘Huge Relief’ For Battered Investors In U.S. Stocks And Bonds.
Softer than expected U.S. inflation data buoyed investors’ faith that twin rebounds in stocks and bonds will persist in a…