Oil Prices Stable as OPEC Maintains Demand Forecast, Investors Await U.S. Inflation Data
Oil prices remained largely unchanged on Tuesday as OPEC retained its global oil demand predictions, while investors awaited U.S. inflation…
Category: World
UK fears a £108 billion decline to creative sector as int’l student numbers reduce
Creative UK, representing the creative industries, has raised concerns over the potential elimination of post-graduation work options for international students…
Crypto Analyst Warns of Bitcoin Panic Sell-Off if Price Falls Below $60,000
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has issued a cautionary note, suggesting that Bitcoin might face a…
UBS CEO says Switzerland should not “overshoot” with capital demands
UBS CEO Sergio Ermotti has responded to criticism that the bank has grown too large for Switzerland, and has dismissed…
Euro zone banks have reduced their exposure to Russia by half ECB’s Buch says
The European Central Bank (ECB) revealed that euro zone banks have significantly reduced their exposure to Russia by more than…
SoftBank Reports Quarterly Profit
SoftBank Group, a big technology company from Japan, made a profit of 328.9 billion yen (which is about $2.11 billion)…
Amazon to invest $1.3 bln in France, create 3,000 jobs
Amazon, a big company known for online shopping, announced that it will invest over 1.2 billion euros (which is about…
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 about $4.69 billion).…
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 linked to…
IMF asks CBN to stop waivers for banks
The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act establishing the Central Bank…
GTCO shareholders approve $750m capital raising plan
At Guaranty Trust Holding Company (GTCO) Plc’s third Annual General Meeting, shareholders approved the establishment of a capital raising programme…
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 exchange Binance for breaching money…
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 part of…
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 S&P 500…
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 $8.3 million in…
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 Resilience Fund…
Disney’s surprise streaming entertainment profit offset by weaker TV business
Walt Disney’s shares fell 8.5% in morning trading despite a surprise profit in its streaming entertainment division, as a drop…
UK-Nigeria Bilateral Trade Reaches £7 Billion
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that bilateral trade between Nigeria and the UK has surged…
Paramount Global in talks with Sony, Apollo over acquisition
Paramount Global has initiated negotiations with Sony and Apollo Global Management for potential acquisition deals. This move follows significant setbacks…
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 operations in Israel. This decision…
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 longtime…
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 blocked, promising…
Nigerian Transnational Fraudster Captured, Convicted After Scamming 400 U.S. Citizens In Multimillion-Dollar Fraud Scheme
Amos Prince Okey Ezemma, a Nigerian national, admitted guilt in a transnational inheritance fraud scheme that preyed on elderly and…
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 mid-March. Brent…
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 Thursday, concluding a…
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 decreased demand…
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 leading the…
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 defending current pricing levels,…
Leadway Pensure reposts 25% growth in revenue
Leadway Pensure, a pension fund administrator in Nigeria, has wrapped up the 2023 financial year with impressive results, boasting a…