Didi Suspends UK Launch Plans Amid China’s Crackdown On Tech Firms -Telegraph
China’s ride-hailing giant Didi Global Inc (DIDI.N) has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on…
IMF’s $650 Bln Reserves Distribution Is ‘Shot In Arm’ For Global Economy- Georgieva
The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a “significant…
China Telecom Jumps 34% On Shanghai Debut, Defying Weak Market
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in…
Finland’s Nokia Wins 5G Order For Three European Markets
Finnish telecom gear maker Nokia (NOKIA.HE) said on Monday it had won a 5G network order from A1 Telekom Austria Group for…
Ethiopia To Build Local Rival To Facebook, Other Platforms
Ethiopia has begun developing its own social media platform to rival Facebook (FB.O), Twitter (TWTR.N) and WhatsApp, though it does not plan to…
Bitcoin Price Rises Past $50,000, Rebound Slows
Bitcoin’s price surged past $50,000 on Monday for the first time since May, although its rebound from a months-long slump…
S&P 500, Nasdaq Scale New Peaks On Tech, Oil Boost
Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to…
Shareholder Payouts To Hit $1.4 Trillion in 2021, Nearing Pre-Pandemic Levels, Research Shows
Company payouts to shareholders are projected to hit $1.39 trillion in 2021, just 3% below their pre-pandemic peak, according to…
Millennials And GenZs Are Driving The Adoption And Penetration Of Digital Banking In Nigeria
The banking world has gone through exciting transitions—from the days of taking tallies and manual filings to modest computerizations, automation,…
Elon Musk Says Tesla’s Robot Will Make Physical Work A ‘Choice’
After dominating the electric vehicle market and throwing his hat into the billionaire space race, Tesla boss Elon Musk announced…
Octopus Ventures Leads Investors Backing Pngme’s Series A
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major…
Nigeria: External Reserves Lose Momentum After July Rally
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four…
Nigeria: Federal Government To Partner Stockbrokers For Double Digit Economic Growth
The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and…
Nigeria: International VCs and family offices back Alerzo’s Series A
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact,…
Nigeria: Fuel Price Remains Until FG, Labour End Negotiations
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the…
Treasury Yields Start The Week Higher With Key Fed Policy Event In Focus
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve’s annual central banking event, due to…
IFC Provides Financing For Ghanaian Radiology Firm
International Finance Corporation is providing financing to support the construction of new medical diagnostic facilities in Ghana’s capital, Accra. A…
Nigeria: Capital Market Must Strengthened to Drive Production, Create Employment
The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has expressed the need for the capital market…
Nigeria: Experts seek revival of initial public offerings
Participants at the just-concluded 2021 National workshop of the Chartered Institute of Stockbrokers (CIS) have underscored the need to develop…
Nigeria: Shareholders Disagree With Securities and Exchange Commission (SEC) Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
PayPal Launches Its Cryptocurrency Service In The UK
PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British…
Nigeria: Oasis Capital Strikes Twin Investments In Ivory Coast
Oasis Capital Ghana, which invests in small and medium enterprises across Ghana and Cote d’Ivoire via Oasis Africa VC Fund,…
European Markets Climb, Looking To Bounce Back From Worst Week Since February
The pan-European Stoxx 600 added 0.7% in early trade, with autos climbing 1.5% to lead gains as all sectors and major bourses…
Nigeria: Honeywell, Transcorp Dominate Stock Market Activities
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited…
Bitcoin Volatility Will Drive Investors Back To Gold, Says Mining Firm Chairman
Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake…
T-Mobile Breach Hits 53 Million Customers As Probe Finds Wider Impact
T-Mobile US Inc (TMUS.O) said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an…
‘Twilight’ Investor Sentenced To Five Years Prison In Fraud Case
A technology entrepreneur who invested in the studio behind the “Twilight” films was sentenced to five years in prison on…
China’s SenseTime Says Daily Users Of Its Augmented Reality Tech Number 100 Mln
China’s SenseTime, which sells augmented reality technology to other companies, has seen global daily active users of that tech grow…
Nvidia’s $40 Bln Deal For ARM Dealt Blow By UK Regulator
Nvidia Corp’s (NVDA.O) planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator…
Fed Chair Powell To Speak On ‘Economic Outlook’ Next Week
Federal Reserve Chair Jerome Powell will speak on “the economic outlook” at next week’s Jackson Hole, Wyoming symposium, the central…