The Evergrande Debt Crisis, Explained
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the debt-stricken company, whose financial…
Category: World
EU Countries Seize 82% Of Nigeria’s Agro Products Exported Illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are…
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing
U.S. crude stocks, gasoline and distillate inventories fell last week, while U.S. oil production rose to the highest since May…
EC Approves Germany’s $1.1bn Green Hydrogen Programme
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing of green hydrogen abroad…
United States Federal Bureau Of Prisons: Invictus Obi Will Be Released In September 2028
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028.…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since…
Defensives And Tech Lend Support To STOXX
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors…
IPhone 14 Series To Ditch Physical SIM Card Slot In Favour Of ESIM – Report
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to…
The World’s Largest Crypto Exchange Binance Is Trying To Woo France
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency…
Riot Games Agrees To Pay $100 Mln To Settle Gender Discrimination Lawsuit
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination…
Swissmedic Approves J&J COVID-19 Vaccine Booster
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson’s COVID-19 vaccine in people 18 years…
Elon Musk Sells Another $1bn Worth Of Shares In Tesla To Clear Tax Bill
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2…
Turkish Central Bank Says To Support Conversion Of Gold Deposits To Lira
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold…
Miami Beach Is Priciest New Year’s Eve Destination In The World
Miami island Beach is the most expensive destination in the world for overnight accommodation this coming New Year’s Eve. With…
Iran Halts Authorized Crypto Mining To Save Energy For Winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid…
Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023,…
China Stocks Edge Up On New Energy Gains
China stocks inched up on Tuesday as gains in new energy companies and non-ferrous metal shares offset losses in the…
Turkish Lira Weakens, Further Eroding Last Week’s Gains
Turkey’s lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive gains…
Austria’s S&T Hires Deloitte For External Audit After Activist Investor Report
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by activist investor Viceroy Research,…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from Employees will not be able to sell shares until…
Christmas Week Trades Add $77.89bn To Bitcoin Market Cap
The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas. On December 19, BTC had…
1.3 Million Bitcoin Left Circulating On Crypto Exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In…
Japan’s Shionogi Starts Phase III Clinical Trial In Vietnam For Covid-19 Vaccine
Japan’s Shionogi & Co. Ltd announced on Monday that phase III of its clinical trial for a new COVID-19 vaccine…
TikTok Surpasses Google To Become The Most Visited Site In 2021
According to Cloudflare’s 2021 Year in Review internet traffic statistics, popular video-sharing app TikTok has surpassed Google to become the…
Mobile Gaming Company, i3 Interactive Inc, Records Growth Of 45,000% In A Trading Day
Canadian mobile gaming company, i3 Interactive Inc, recorded over 45,000% growth in share price after yesterday’s trading session. This comes…
Britain Announces £1 Billion Aid To Omicron Hit Businesses
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of…
Chinese Province Summons Five E-Commerce Firms Over Livestreaming
A consumer protection organisation in China’s Zhejiang Province on Thursday summoned five online platforms. The platforms are Alibaba Group’s Taobao,…
Russia Fines Twitter For Not Deleting Banned Content, Says Court
A Moscow court on Thursday said it had fined Twitter 3million roubles for failing to delete content Russia deems illegal.…
Intel Apologises In China Over Xinjiang Supplier Statement
U.S. chip maker Intel apologised on Thursday to Chinese customers, partners and the public after a letter telling its suppliers…