U.S., European Banks Could Lose Over $5 Bln From Risky Buyout Loans.
Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market.
The biggest…
Nearly 67,000 Investors Lose Everything As Bitcoin Drops Below $24K.
Following weeks of occasionally encouraging, sometimes confusing economic indices; and company profits, investors…
Kenyan Shilling Plunges Against Dollar Since William Ruto’s Victory.
Kenya’s currency, the shilling weakened against the dollar as the country’s election commission; announced Deputy…
Nigeria’s Foreign Reserve Continues Improvement As Naira Dips Further At I&E…
Tuesday, 16th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the…
Google Invests Over $1.5 Billion Into Blockchain Companies In 10 Months.
Google’s parent company, Alphabet, has invested over $1.5 billion into blockchain-focused companies between…
By The End of 2022, The U.S. Claims That Roughly 20 Models Will Receive EV…
The Biden administration said about 20 models will still qualify for electric vehicle tax credits; of up to $7,500…
UK Inflation Tops 10%, Highest Since 1982.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate…
Exclusive: BMW Will Receive Huge Cylindrical Batteries From China’s EVE In…
China's EVE Energy Co Ltd (300014. SZ) will supply BMW (BMWG. DE) with large cylindrical batteries for its…
Biden Signs The Inflation Act.
President Joe Biden signed into law a $430 billion bill that is the biggest climate package in U.S. History,…
Russian Stocks Rise As The Rouble Reaches A One-Week High Against The Euro.
The Russian rouble strengthened to a one-week high against the euro, boosted by upcoming tax payments; that…
China To Boost Economic Demand, Speed Up Infrastructure.
China will boost economic demand in a strong, reasonable and moderate manner; and accelerate infrastructure…
Automakers Scramble To Decode New U.S. EV Tax Credits.
U.S. Automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be…
Apple Sets Sept 5 Deadline For Employees To Return To Office – Bloomberg.
Apple Inc (AAPL.O) has set a Sept. 5 deadline for corporate employees to return to office at least three days a…
Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny…
Chinese internet giant Tencent Holdings' (0700. HK) non-fungible token (NFT) platform Huanhe will no longer…
Exclusive: Tencent Plans To Divest Meituan Stake Worth $24 Billion.
China's Tencent Holdings (0700. HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm…
Sterling Barely Changed Following Conflicting Labor Market Statistics.
The British pound was little changed, having briefly fallen to its lowest level in over a week, after mixed data…
Inflation Creates Recession Anxiety, Lowering Investor Confidence In Germany.
German investor sentiment fell slightly in August on concerns the rising cost of living will hit private…
Rouble Weakens Towards 62 vs Dollar, tocks up.
The rouble weakened towards 62 to the U.S. dollar, pressured by falling oil prices but supported by looming taxes;…
Pandora Shares Fall On Disappointing U.S. Sales.
Jewellery maker Pandora (PNDORA. CO) reported disappointing second-quarter sales in the U.S. Market; prompting its…
South Africa Network Provider Rain To Submit Merger Proposal To Telkom In Due…
South Africa's data-only network provider rain intends to submit a formal non-binding proposal to bigger rival…
Cryptoverse: Electric Ether Leaps On Verge Of Merge.
It looks like ethereum's mega-upgrade is happening. Finally.
After years of delays, the "Merge" seems all but…
Russia Says ‘No Need’ To Use Nuclear Weapons In Ukraine.
Russia has "no need" to use nuclear weapons in Ukraine, its defence minister said; describing media speculation…
To Reduce Pollution, The United States Is Providing $1.66 Billion For New Buses.
The U.S. Transportation Department said it is awarding $1.66 billion in grants to cities and states to buy 1,800…
Inflation Reduces Income While The UK’s Hot Labor Market Cools.
Britain's super-hot labour market showed signs of cooling in official data published; as businesses became more…
Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.
Stock markets struggled for direction as they grappled with worries over global growth; following weak Chinese and…
Dutch Detain Suspected Developer Of Crypto Mixer Tornado Cash
Dutch authorities said they had arrested a 29-year-old man believed to be a developer for the crypto mixing…
Australian Court Orders Google To Pay $43 Million For Misleading Users.
Australia's competition watchdog said on Friday that Alphabet Inc's (GOOGL. O) Google unit was by the country's…
Sterling Falls Vs Dollar As Focus Turns To UK Data.
The British pound fell against a broadly stronger dollar at the start of a week where traders and the Bank of…
FG Borrows N2.45tn From CBN Amid Fiscal Risks-Nigeria.
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose…
Aegon Leads Gains Among Insurers.
European shares edged higher after a strong rally in the previous session on signs of U.S. inflation cooling,…