US Issues $274 million in Housing Investments from Banks
The $274 million long-term financing for the housing industry in Nigeria and other West African nations has been closed, according…
Category: World
Credit Suisse Collapse Burns Saudi Investors
The collapse of Credit Suisse also destroyed billions of dollars in investments made by the Olayan family in Saudi Arabia…
Credable, a Digital Banking Infra Startup that wants to Build Unit For Emerging Markets, gets Funding
A $2.5 million seed round has been raised by Credable, a newcomer in this field that offers its clients the…
Pfizer To Pay $43 billion to Buy Seagen
The multinational biotechnology business Seagan Inc. and the pharmaceutical behemoth Pfizer have agreed to combine for $43 billion, or $229…
Indian Prateek Gupta Steals $600m From Trafigura In Nickel Shipment Fraud
According to court records from London, the global commodities trader Trafigura has accused Indian businessman Prateek Gupta of committing “systematic…
Companies Are Profiting From Inflation, Forcing The ECB To Face A Harsh Truth.
The European Central Bank (ECB) responded by hiking interest rates to their highest level in forty years in an effort…
Bill Granting Biden The Authority To Outlaw TikTok Is Approved By A U.S. House Committee.
In what would be the most extensive American restriction on any social media app, the U.S. House Foreign Affairs Committee…
India’s Adani Will Pay Back Debts Backed By Shares Worth Up To $790 Million By March.
India’s Adani Group aims to prepay or return share-backed loans totaling $690 million to $790 million by the end of…
China Demand Optimism And Supply Forecast Worries, Cause Oil To Climb.
Optimism about China’s demand rebound, worries that underinvestment could constrain future oil supplies, and major producers maintaining output limitations all…
French Agency And BoI Agree To A Funding Of €2.5 Million.
A funding deal for €2.5 million has been agreed between the Bank of Industry and the French Development Agency to…
Nearly 800 Billion Euros Are Spent In Europe On The Energy Crisis
Researchers said on Monday that the cost for European nations to protect people and businesses from rising energy costs has…
Microsoft Packs Bing Search Engine
At a press conference at the company’s headquarters in Redmond, Washington, Microsoft CEO Satya Nadella said, “This technology is going…
Turkey Earthquake, Death Tolls Near 10,000
Families in southern Turkey and Syria endured a second night in the bitter cold as overworked rescuers hurried to extricate…
In 2022, Migrant Workers Sent about $800 billion Home.
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased…
Classera Generates $40 Million Funds And Plans to Expand in Africa
The largest Series ‘A’ investment in EdTech history for an unfunded startup was successfully completed by Classera, a worldwide EduTech…
Adani Group, Owned By World’s Third Richest Man, Has Been Accused Of Account Manipulation
The shares of the Indian conglomerate Adani Group plummeted on Wednesday morning after activist investing company Hindenburg Research accused it…
A Microsoft Cloud Outage Affects Users Globally.
Microsoft Corp (MSFT.O) was hit with a networking outage that took down its cloud platform Azure along with services such…
World Bank: 28.9 million Nigerians Rely on Food Aid.
According to the World Bank, 28 million 900,000 people in Nigeria and other West and Central African countries rely on…
Davos2023: A WEF Survey Predicts a Global Recession in 2023.
In a survey conducted by the World Economic Forum (WEF) of chief economists from the private and public sectors, two-thirds…
Book “Spare” by Harry Sells a Record-Breaking 1.4 Million Copies On Day One.
According to the publisher, Prince Harry’s book “Spare” broke Penguin Random House’s sales record by selling 1.4 million English-language copies…
Musk Shatters the Record for the Largest Personal Wealth Loss.
Elon Musk, the Tesla CEO, has a record in the Guinness Book of Records for losing $165 billion of his…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This information was…
Nigeria’s Foreign Portfolio Shows a $2.08 billion Deficit.
In spite of a challenging economic climate marked by currency issues and a decline in investor confidence, Nigeria’s foreign portfolio…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic Levels.
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross domestic…
Super Central Bank Week Pressures Crypto Market.
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared that it would…
The Trump Organization was Found to have Engaged in Tax Fraud.
The legal difficulties facing the former U.S. President as he runs for the office again in 2024 have been made…
Despite Global Headwinds, Remittances Grew by 5% in 2022.
Remittances to low- and middle-income countries increased by an estimated 5% to $626 billion in 2022. Remittances to China, however,…
Swiss Mining Giant Glencore to Pay US$180 Million to DRC Over Graft Claims.
Glencore announced that it has agreed to pay the Democratic Republic of the Congo $180 million to settle corruption claims.…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between…