Billionaire Leon Black Is Leaving Apollo Following Scrutiny Over Ties To Jeffrey Epstein
Leon Black is completely stepping away from running private equity firm Apollo Global Management amid scrutiny over the billionaire’s ties to…
Category: World
Turkey’s Lira Plunges After Erdogan Fires Central Bank Head
urkey could be on the cusp of another currency crisis after President Recep Tayyip Erdogan abruptly fired the head of the country’s central bank,…
A Company Will Pay You $2,400 To Stay Away From Screens For 24Hours
Put the phone away for an hour. Or, better yet, make it 24 hours — you might just get $2,400…
China’s JD.com To Invest $800million In Dada Group
Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake…
Samsung Gets 5G Equipment Contract From Japan’s NTT Docomo
Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply…
S&P 500, Nasdaq Set For Higher Open On Tech Boost, Tesla Gains
The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to…
Mondelez To Buy Majority Stake In UK Snack Bar Firm Grenade In Health Push
Cadbury chocolate-maker Mondelez International Inc said on Monday it would buy a majority stake in UK protein bar company Grenade,…
South Africa Sells Its AstraZeneca Vaccine Doses To AU
South Africa has sold a million doses of the AstraZeneca coronavirus vaccine for distribution in 14 fellow African nations, the…
ByteDance Acquires Gaming Studio Moonton At Around $4 Billion Valuation: Sources
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it…
FINMA Chief To Head Up German Financial Watchdog BaFin: Handelsblatt
Mark Branson, the head of Switzerland’s financial markets regulator FINMA, is to be named the new President of German financial…
COVID-19 Has Opened New Opportunities In Digital Economy In Africa — ECA
A new report launched by the Economic Commission for Africa (ECA) on the impact of COVID-19 on e-commerce in the…
BOJ Buys Stock ETFs As Usual After Policy Change, But Changes May Lie Ahead
The Bank of Japan bought around 50 billion yen of Japanese stocks exchange traded funds (ETFs) on Monday, in line…
Huawei Lawyers To Focus On Witness Refusal To Testify In U.S. Extradition
Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus on a former Canadian police…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of…
Brexit reality Stokes Fears For The Peace In Northern Ireland
The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the…
China Seeks To Rein In Mobile Apps’ Collection Of Personal Data
China’s cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if they…
Britons Should Wait Before Booking International Travel: Minister
Britons should wait before booking summer holidays abroad, social care minister Helen Whately warned on Monday, pointing out that there…
Saudi Aramco To Prioritise Energy Supply To China For 50 Years, Says CEO
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new…
Oil Falls As European Lockdowns Douse Recovery Hopes
Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products…
Richmond Fed’s Barkin: U.S. May Be ‘On The Brink’ Of Complete Recovery
The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic,…
US-Nigeria Investment Summit To Hold In New York
The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in September. The…
Canadian Pacific To Buy Kansas City Southern In $25 Billion Railway Bet On Trade
Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create…
Blackstone Proposal Values Australian Casino Operator Crown At $6.2 Billion
Buyout giant Blackstone Group Inc made a $5.6 billion play for the shares of Australia’s Crown Resorts Ltd it does…
Japan Car Makers Scramble To Assess Impact Of Renesas Auto Chip-Plant Fire
Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a…
Wall Street’s Year Of Bust And Boom
Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks…
UK Partners Nigeria To Enhance Digital Access
The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) in collaboration with UK’s Digital Access…
Experts Seek Regulation Of Cryptocurrencies In Nigeria
Some economic experts have urged the Central Bank of Nigeria (CBN) to seek measures to regulate cryptocurrency transactions in the…
EU Declares AstraZeneca Vaccine Safe, Effective, As NGF Backs Its Continuous Use
THE European Medicines Agency, EMA, which is the European Union’s most authoritative regulator of medicinal products, has declared that the …
TELECOMS: Voice Call Subscribers Drop, Internet Users Rise In Q4’20
The National Bureau of Statistics (NBS) yesterday said the number of subscribers for voice calls fell marginally quarter-on-quarter (QoQ) by…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming…