Global Central Bankers Face Rising Questions on Dollar Dominance at Sintra Summit
Top central bankers from the U.S., euro zone, Japan, Britain, and South Korea are gathering in Sintra, Portugal, for the…
Category: International
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed Signals
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI…
AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost Trade
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA),…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows – AFC Report
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment (FDI) for the continent…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth…
Treasury Yields Dip as Trump Targets Fed Chair Powell Amid Economic and Geopolitical Uncertainty
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome Powell. The declines came after…
Trump-Backed Crypto Firm Plans Stablecoin Audit and New App Amid Token Trade Speculation
World Liberty Financial (WLF), the cryptocurrency platform backed by U.S. President Donald Trump, is planning to release an audit of…
China’s Biren Technology Secures $207 Million, Eyes Hong Kong IPO Amid Chip Race
Biren Technology, a Chinese artificial intelligence (AI) chip startup, has raised 1.5 billion yuan (approximately $207 million) in a new…
Half of Global Companies Pay Ransom as Cyber Threats Surge: Sophos 2025 Report
Nearly 50 percent of global companies opted to pay ransoms in 2025 following ransomware attacks, according to Sophos’ sixth annual…
Nigerian, Kenyan, Rwandan Startups Lead Google’s Africa AI Accelerator 2025
Google has announced the 15 startups selected for the ninth edition of its Google for Startups Accelerator: Africa, and the…
Meta Wins Copyright Battle Over AI Training; Judge Cites Weak Author Arguments
Meta Platforms has won a significant legal victory in a U.S. federal court after a judge ruled against a group…
Microsoft Faces Lawsuit Over Alleged Use of Pirated Books to Train AI Model Megatron
Microsoft is facing a lawsuit from a group of authors who allege the tech giant used pirated copies of their…
Investors Brace for Summer Market Volatility Amid Geopolitical and Trade Risks
As summer trading volumes typically thin out, global investors are preparing defensively against a potential market downturn similar to August…
Africa Sets Sights on $712 Billion Digital Trade Boom by 2035 with AfCFTA
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African…
U.S. Lawmakers Introduce Bipartisan Bill to Ban Chinese AI Models in Government Agencies
A bipartisan group of U.S. lawmakers has introduced the “No Adversarial AI Act”, a bill aiming to prohibit U.S. executive…
Gartner Warns Over 40% of Agentic AI Projects Will Be Abandoned by 2027 Amid High Costs and Hype
More than 40% of current agentic artificial intelligence (AI) projects will be discontinued by the end of 2027, according to…
Treasury yields hold steady as investors monitor Israel-Iran ceasefire
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions following a ceasefire between Israel and Iran.…
Xero Acquires U.S. Fintech Melio for $2.5 Billion in Major U.S. Expansion Push
New Zealand-based accounting software giant Xero has announced a $2.5 billion acquisition of U.S. payments platform Melio, marking the largest…
OpenAI CEO Altman Discusses Future with Microsoft Amid Investment Talks and Political Outreach
OpenAI CEO Sam Altman revealed in a recent New York Times podcast that he held discussions with Microsoft CEO Satya…
Asia Stocks Rise, Dollar Slips as Israel-Iran Ceasefire Boosts Market Optimism
Asian stock markets inched upward on Wednesday following a tentative ceasefire between Israel and Iran, restoring some investor confidence and…
Nigerian AI-inclined startups dominate Google’s new program
Google has unveiled the ninth edition of its Google for Startups Accelerator: Africa program, spotlighting 15 innovative, AI-driven startups from…
OpenAI Launches Codex: Advanced AI Coding Agent for Developers
OpenAI has introduced Codex, a sophisticated AI coding agent designed to assist software developers in automating key tasks. Available to…
US Stock Futures Climb as Trump Brokers Israel-Iran Ceasefire
U.S. stock futures saw a sharp rise on Tuesday following former President Donald Trump’s announcement of a ceasefire between Israel…
Global Central Banks Shift Reserves from Dollar to Gold, Euro, and Yuan Amid Geopolitical Tensions
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S. dollar, increasingly…
Global Markets Rally as Iran-Israel Ceasefire Eases Tensions; Oil Prices Plunge
Global financial markets responded strongly to news of a ceasefire between Iran and Israel, as confirmed by U.S. President Donald…
$1 Billion Bitcoin Treasury Firm Launched by U.S. Investor Pompliano in Historic Crypto Merger
A major move in the cryptocurrency world unfolded as U.S. entrepreneur Anthony Pompliano announced the formation of a new bitcoin…
UK Regulator Moves to Rein in Google’s Search Power with Strategic Market Status
The UK’s Competition and Markets Authority (CMA) announced plans to designate Google with “strategic market status” (SMS), aiming to gain…
US Alleges Chinese AI Firm DeepSeek Supports Military and Dodges Export Controls Using Shell Companies
The United States government has accused Chinese AI firm DeepSeek of aiding China’s military and intelligence sectors. A senior U.S.…
Dollar Surge May Be Short-Lived Amid U.S.-Iran Tensions, Analysts Warn
The U.S. dollar saw a short-term boost in global markets early Monday following military strikes by the U.S. on Iran,…
Trump Urges Major Rate Cuts Ahead of Powell’s Testimony, Ties Fed Policy to Inflation and Tariffs
Former U.S. President Donald Trump has renewed his call for significant interest rate cuts, suggesting that rates should be lowered…