Yen Strengthens Against Dollar Despite BOJ Policy Shift
The yen saw gains against the dollar on Monday amidst indications that the Bank of Japan (BOJ) may exit negative…
Category: World
Australia Poised for Interest Rate Cuts- Macquarie Group CEO
Macquarie Group CEO, Shemara Wikramanayake, forecasts that Australia’s economy is primed for interest rate reductions in 2024, aiming for a…
Nvidia is Sued by Authors Over AI use of Copyrighted Works
Nvidia, renowned for its chips powering artificial intelligence, faces legal action from three authors who claim the company used their…
African Startups Raised $217 Million in February 2024 -Report
In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from…
Former Google Engineer Indicted for Stealing AI Secrets to Aid Chinese Companies
A former Google software engineer, Linwei Ding, also known as Leon Ding, has been indicted in California for allegedly stealing…
Libya’s Central Bank Governor Calls for Unified Government
Sadiq Kabir, the governor of Libya’s central bank, announced the devaluation of the dinar currency and urged the approval of…
Oil Prices Rebound Despite Demand Growth Concerns in China, U.S
Oil prices experienced a modest rebound on Wednesday following extended declines, as indications of supply tightness due to output cuts…
Asia stocks climb; Gold, Bitcoin Drift after Hitting Record Highs
Asian stocks saw gains on Wednesday as traders anticipated policy indications from Beijing during its week-long annual parliamentary session. Investors…
Waymo Launches Driverless Passenger Services in Austin, Texas
Alphabet’s Waymo announced on Tuesday its commencement of driverless passenger services for its employees in Austin, Texas, starting Wednesday. Waymo…
Tesla’s Halts Production in Germany After Arson Attack
Tesla’s European Gigafactory near Berlin has ceased operations until further notice following what CEO Elon Musk described as an “extremely…
Naira Strengthens to N1,534.9/$1 on Third Consecutive Day
yThe exchange rate between the naira and the dollar continued its upward trend for the third consecutive day, closing at…
China Vows to ‘Transform Economy, Sets Growth target
Chinese Premier Li Qiang unveiled an ambitious economic growth target of around 5% for 2024 during his maiden work report…
UK’s Foxtons Forecasts Resilience in Lettings Business
Foxtons (FOXT.L) anticipates resilience in its lettings business following a marginal rise in annual profit, buoyed by the strength of…
Bostic: No Urgency to Cut Interest Rates Given US Economy’s Strength
Atlanta Fed President Raphael Bostic emphasized that the U.S. Federal Reserve faces no immediate need to reduce interest rates, citing…
Asian Stocks Slide as China’s Parliament Session Disappoints Investors
Most Asian stocks experienced declines on Tuesday, with Hong Kong leading the downturn, as the commencement of China’s week-long annual…
Former Twitter Executives Sue Elon Musk for Unpaid $128 Million
Four former top Twitter executives, including former CEO Parag Agrawal, have collectively sued Elon Musk for over $128 million in…
Thales Reports Strong Performance with 11% Increase in Operating Profit
France’s Thales announced a robust performance for 2023, with an 11% underlying increase in operating profit and 8% higher sales,…
Europe to Battle with US for Aluminium
European and U.S. buyers are poised to fiercely compete for aluminium from Middle Eastern sources if the European Union moves…
Bitcoin Bursts Above $65,000, Record High Comes into View
Bitcoin soared to a two-year high on Monday, surpassing $65,000 fueled by a surge of investment that brought it close…
EU Fines Apple $2 Billion for App Store Antitrust Violation
Brussels levied a historic fine of 1.84 billion euros ($2 billion) against Apple (AAPL.O) on Monday, marking the tech giant’s…
EU Countries Split Over Support for Nuclear Energy
Divergent views on nuclear energy policy among European Union member states were on display Monday, with France spearheading one camp…
Valero Joins Summit’s Carbon Capture Project
Valero Energy Corp (VLO.N) has partnered with Iowa-based Summit Carbon Solutions in its proposed carbon-capture and storage project, as announced…
EU Pushes for Fossil Fuel Industry Contribution to Climate Finance
The European Union (EU) is poised to advocate for the fossil fuel industry to contribute to funding efforts aimed at…
Blackwells Capital Calls for Stronger Strategy, Disney Seeks Board Seats
Investor Blackwells Capital has highlighted concerns over Walt Disney’s performance, citing the lack of a robust content and technology strategy,…
U.S. Funding Legislation Blocks China from Buying Oil from Strategic Petroleum Reserve
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from purchasing oil from the…
NICA Advocates for Inclusive Credit System for Students
The National Institute of Credit Administration (NICA) has urged for the establishment of a credit system that extends access to…
India’s Rice Output to Drop for the First Time in 8 Years- Govt
India anticipates a decline in rice production for the first time in eight years during the 2023/24 season due to…
Investors Await UK Spring Budget Amid Election Speculation
As Britain anticipates its Spring budget set for the upcoming Wednesday, investors closely monitor Finance Minister Jeremy Hunt’s balancing act…
Facebook Owner Meta Angers Australia with Plan to Stop Paying for News Content
Meta Platforms, formerly known as Facebook, announced its decision to halt payments to Australian news publishers for content appearing on…
Disney Founders’ Grandchildren Back CEO Bob Iger Against Activist Investors
The grandchildren of Walt and Roy Disney, founders of Walt Disney Co (DIS.N), have voiced their support for CEO Bob…