UK Secures £276m From G7 To Assist North-East Nigeria
ntries face. Millions of people in Yemen, South Sudan and North East Nigeria are already in crisis, the statement said.…
Category: World
Biggest Crypto Exchange Binance Briefly Suspended Withdrawals
Binance Holdings Ltd., the largest cryptocurrency exchange, briefly suspended withdrawals on Monday. The company made the announcement on Twitter that…
World’s Dollar Reserves Hit 25-Year Low
The percentage of global foreign reserves held in U.S. dollars declined to its lowest point in 25 years during the…
Wall Street Unleashes Old Tricks In $2.5 Trillion Crypto Jungle
The symbols for Bitcoin and Ethereum cryptocurrency sit displayed on a screen during the Crypto Investor Show in London, U.K.,…
Dollar Back To Where It Began The Year As Rally Burns Out
Friday’s worse-than-expected U.S. employment data saw the Bloomberg Dollar Spot Index drop decisively below its 2021 uptrend, putting it back…
China’s Much-Hyped Digital Yuan Fails To Impress Early Users
As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has…
Pound Rises As Risk Of Imminent Referendum On Scotland Recedes – BLOOMBERG
The pound strengthened after the Scottish National Party’s election showing pushed back the risk of a near-term vote on independence,…
UPDATE 1-Sterling Rises Above $1.40 For First Time Since February
The pound broke above the key $1.40 level for the first time in more than two months on Monday, reaching…
Forex Scarcity As Vampire Sucking Economy Dry
The persistent scarcity of foreign exchange in the country is largely responsible for the multiple exchange windows, an anomaly that…
Fed Warns US Financial System Remains Vulnerable To Threats
The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including…
Bitcoin Rises 6.8 % To $56,852.03
Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close. However, the world’s biggest…
U.S. SEC chair says reviewing short-selling, swap rules after GameStop, Archegos sagas
The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that…
CDC Advances Plan For Resumption Of U.S. Passenger Cruise Operations
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S.…
Dow Ends At Record High As Tech Slides
The Dow Jones Industrial Average ended at a record high on Wednesday, while Nasdaq gave up its earlier gains and…
U.S. Backs Waiving Patent Protections For Covid Vaccines, Citing Global Health Crisis
WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to…
Jeff Bezos’ Blue Origin To Launch First Space Tourism Passengers On July 20 And Auction Off A Seat
Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space…
Mark Zuckerberg Can No Longer Deflect Blame For Trump’s Facebook Suspension
Facebook’s self-created “supreme court” refused to do the company’s dirty work when it handed down a decision on the platform’s indefinite ban…
Two Wall Street Firms Say To Buy The Dip In Peloton After Treadmill Recall
Peloton shares were under pressure on Wednesday after announcing a recall, but Wall Street firms Baird and Stifel said the sell-off was…
Moderna Says Covid Booster Shot Generates Promising Immune Response Against Variants Found In South Africa, Brazil
A booster shot of Moderna’s Covid-19 vaccine generated a promising immune response against the B.1.351 and P.1 variants first identified in…
Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle
Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment…
More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a payment
A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to approximately 164…
Bank Of England Preview: Will The BoE Taper QE?
GBP 895bln. As such, given the significant improvement in the UK outlook amid a successful vaccination program and gradual easing of…
Facebook Relaunches WhatsApp Money Transfers In Brazil
Facebook’s (FB.O) WhatsApp messaging service relaunched on Tuesday its transfer money services between individuals in Brazil, after it was blocked by the…
Sterling Steady As Markets Eye ‘Super Thursday’ Status Quo
Sterling ticked up against the dollar on Wednesday as a poll showed Scotland’s main pro-independence party was unlikely to win…
Hong Kong Citizens Rush To Buy London Houses After UK Government Opens Doors
The number of people from Hong Kong purchasing homes in the capital has shot up since the UK government announced…
Dollar Struggles To Extend Rally, Traders Eye Major Euro Bulwark
The dollar tried to extend a rally on Wednesday as chatter about the possibility of higher U.S. interest rates and…
U.K. To Offer Fast-Track Immigration For Oscar, Nobel Winners
The U.K. announced a fast-track immigration route for people who have won top awards including Nobel Prizes, Oscars and Golden…
EMERGING MARKETS-Currencies Drop On U.S. Rate Hike Hints; India Debt Moves Boost Stocks
Most emerging market currencies eased on Wednesday against a stronger dollar as hints of the potential for higher U.S. interest…
Dogecoin Fulfills ‘Doge Day’ Goal Of 69 Cents Weeks Later, Surpasses Snapchat, GM In Valuation
The joke cryptocurrency Dogecoin (DOGE) touched a fresh all-time high in the early hours of Wednesday, crossing the much sought-after 69 cent…
Meet The Nigerian Running To Be Mayor Of London, Nims Obunge
This Thursday 6 May, Londoners will head to the polls to elect a mayor. In the ranks of the hopefuls…