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Dubai’s Emirates airline posts record full-year profit
Dubai's Emirates airline had a fantastic year, reporting a full-year profit of 17.23 billion dirhams (which is!-->…
UK Employers Plan 4% Wage Increase
According to a recent survey, British employers are expecting to raise wages by 4% over the next year, which is!-->…
Trump faces potential $100 million tax setback over Trump Tower
Former President Donald Trump may face a financial setback of around $100 million due to improper tax deductions!-->…
IMF asks CBN to stop waivers for banks
The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act!-->…
GTCO shareholders approve $750m capital raising plan
At Guaranty Trust Holding Company (GTCO) Plc's third Annual General Meeting, shareholders approved the!-->…
Canada fines Binance $4.38 mln for money laundering violations
Canada's anti-money laundering agency, FINTRAC, has imposed a fine of almost C$6 million on cryptocurrency!-->…
US eyes curbs on China’s access to AI software behind apps like ChatGPT
The Biden administration is considering plans to regulate the export of advanced AI models, such as ChatGPT, as!-->…
Futures muted as investors seek clues on US rate path
U.S. stock index futures showed little movement on Wednesday following a period of strong gains that propelled the!-->…
Jumia Slashes Operating Losses by 71% in Q1 2024, Reports Revenue Growth
Africa's leading e-commerce group, Jumia, has significantly reduced its operating losses by 71% year over year to!-->…
Microsoft and OpenAI Launch $2 Million Fund to Combat AI Misinformation
In a collaborative effort, tech giants Microsoft and OpenAI have announced the creation of a $2 million Societal!-->…
Disney’s surprise streaming entertainment profit offset by weaker TV…
Walt Disney's shares fell 8.5% in morning trading despite a surprise profit in its streaming entertainment!-->…
UK-Nigeria Bilateral Trade Reaches £7 Billion
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that bilateral trade between Nigeria!-->…
Paramount Global in talks with Sony, Apollo over acquisition
Paramount Global has initiated negotiations with Sony and Apollo Global Management for potential acquisition!-->…
Israel to shutdown Al Jazeera news network in country amid war with Gaza
Israel's Prime Minister, Benjamin Netanyahu, announced that his Cabinet decided unanimously to close Al Jazeera's!-->…
Buffett retakes the stage as Berkshire prepares to pass the baton
As Berkshire Hathaway prepares for its annual meeting, all eyes are on Warren Buffett, but the absence of his!-->…
Elon Musk says X will strip ability to block accounts
Elon Musk, the owner of social media platform X, has advised users to unblock all accounts they've previously!-->…
Nigerian Transnational Fraudster Captured, Convicted After Scamming 400 U.S.…
Amos Prince Okey Ezemma, a Nigerian national, admitted guilt in a transnational inheritance fraud scheme that!-->…
Oil prices rebound after consecutive days of decline
Oil prices saw a rebound on Thursday after three consecutive days of decline, reaching their lowest levels since!-->…
Google faces closing arguments in US market power trial
The U.S. government is set to present its antitrust case against Alphabet's Google in closing arguments on!-->…
Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Peloton CEO Barry McCarthy is stepping down over a 15% reduction in the company's global workforce due to!-->…
Quinn, architect of HSBC’s sweeping overhaul, announces surprise exit
HSBC, a global banking giant, announced the retirement of its Chief Executive, Noel Quinn, after five years of!-->…
Mercedes-Benz stands firm against discounting, despite Q1 loss
Despite the challenges, Mercedes-Benz expects improved sales volumes in the second quarter, with a focus on!-->…
Leadway Pensure reposts 25% growth in revenue
Leadway Pensure, a pension fund administrator in Nigeria, has wrapped up the 2023 financial year with impressive!-->…
Taiwan happy with US aid package, China objects to arms sales
Taiwan's President Tsai Ing-wen expressed happiness over the U.S. Congress passing a significant foreign aid!-->…
U.S. senate votes to ban TikTok if chinese owner doesn’t sell in 9 months
The U.S. Senate has overwhelmingly passed a bill to ban TikTok in the United States if its Chinese owner,!-->…
Indonesia cenbank says China’s Alipay+ yet to request permit
Filianingsih Hendarta, deputy governor of Indonesia's central bank, announced on Wednesday that Chinese firm Ant!-->…
World bank halts $150m funding for Tanzania tourism project
The World Bank has suspended funding for a $150 million tourism project in Tanzania following allegations of!-->…
Turkey to commence oil drilling in Somalia from 2025
Somalia has announced that Turkey will begin oil drilling operations along the country's extensive coastline!-->…
Microsoft introduces smaller AI model
Microsoft (MSFT.O) unveiled Phi-3-mini, a cost-effective small language artificial intelligence model aimed at!-->…
Why dollar is battering euro, Japanese yen and Chinese yuan
The resurgence of the US dollar has caught global financial markets off guard in 2024, with the US dollar index!-->…