After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution…
Category: World
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their…
Moscow Exchange To Extend Bond Trading Hours To Attract Retail Investors
The Moscow Exchange (MOEX) plans to extend the hours during which bonds can be traded from this autumn in a…
Dollar On Back Foot Vs Safe-Haven Peers As Delta Virus Spreads
The dollar was on the back foot against the safe-haven yen and Swiss franc on Tuesday after soft U.S. manufacturing…
China’s Yuan Slips As Domestic Coronavirus Cases Rise
China’s yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country prompted tough…
Amazon Warehouse Workers Overwhelmingly Rejected A Union. Now They May Vote Again
A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc (AMZN.O) union election in Alabama where employees had…
UK Takeovers Hit 14-Year High In First Seven Months Of 2021
Takeovers of British companies hit a 14-year high by value in the first seven months of 2021, Refinitiv data shows,…
Hong Kong Regulator Fines UBS $1.5 Mln For Compliance Breaches
Swiss bank UBS (UBSG.S) was fined HK$11.55 million ($1.5 million) by Hong Kong’s securities regulator for failing to disclose its holdings in…
Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage For Homeowners
Hippo Enterprises Inc (RTP.N) wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage,…
SolarEdge Shares Surge After Quarterly Earnings Top Estimates
Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped expectations during the second quarter…
Bill Gates And Melinda French Gates Are Officially Divorced Following 27-Year Marriage
Microsoft co-founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with…
Treasury Yields Climb, 10-Year Rate Rises To 1.19%
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown…
Zoom To Settle US Privacy Lawsuit For $85 Mn
Zoom, the video conferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday.…
Economists Fear Europe’s Recovery Could Be Derailed By One Key Issue
European consumers are proving more reluctant to spend money this summer, and it could hurt the economic recovery following the…
SSE Makes $1.7 Bln Scotia Gas Exit In Low-Carbon Push
Britain’s SSE (SSE.L) on Monday agreed to sell its entire 33.3% stake in Scotia Gas Networks (SGN) for 1.225 billion pounds ($1.70…
Exclusive ADB, Citi, HSBC, Prudential Hatch Plan For Asian Coal-Fired Closures -Sources
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the…
Canada GDP: Economy Shrank In May But Picked Up In June With Reopening
Statistics Canada says real gross domestic product (GDP) contracted 0.3 per cent in May during lockdowns, after a 0.5 per cent…
Russia’s Oil, Condensate Output Rises Amid Higher OPEC+ Quotas
Russia increased oil production in July for the first time in three months, after more generous quotas were extended to…
Foreign Investors Exit Takes Toll As Stock Market Decline By N973.2bn In Seven Months
Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian equities market negatively in…
Airtel Money Secures New investment From Qatar’s Sovereign Wealth Fund
Airtel Africa Plc has announced that it has secured a $200m investment for its mobile money arm from Qatar Holding…
Former President Barack Obama is now a minority owner in National Basketball Association Africa Business
Former President Barack Obama has become a strategic partner and minority owner in the National Basketball Association’s Africa business, which…
Asian Shares Try To Stabilise, China Growth A Worry
Asian shares were seeking a modicum of stability on Monday as a run of stellar U.S. corporate earnings put a…
France’s Axa Rebounds From Pandemic With A 180% Spike In Net Income
French insurer Axa posted on Monday a 180% surge in net income in the first half as the company rebounded…
AON’S Looking At Up To $1.4 Bln In Costs Over Scrapped Willis Deal
Insurance broker Aon Plc (AON.N) said on Friday it could have to expend up to $400 million in additional costs tied to…
Chinese Electric Car Start-Up Li Auto Delivers More Cars Than Xpeng Again
Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up Xpeng for…
HSBC Profit More Than Doubles As Economies Rebound, Loan-Loss Fears Ebb
HSBC Holdings (HSBA.L) on Monday reported forecast-beating first-half pretax profit that more than doubled from a weak performance last year when it…
Twitter’s Dorsey Leads $29 Bln Buyout Of Lending Pioneer Afterpay
Square Inc (SQ.N), the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd (APT.AX) for…
World Health Organization Officials Try To Figure Out Why Delta Is So Much Dangerous Than Earlier Covid Strains
World Health Organization officials said they are still trying to understand why the delta variant is more transmissible and potentially…
Internal Revenue Service Expands Employer Tax Credit For Covid Vaccine Paid Time Off To Include Workers’ Families
The Treasury Department announced Thursday that it will expand tax credits to employers who give workers paid time off to…
Microsoft Is In Talks To Invest In Indian Budget Hotel Start-Up OYO
Microsoft is in advanced talks to invest in Indian budget hotel chain Oyo, a source familiar with the matter confirmed…