News

Pakistan IMF Deal: Crucial bailout deal eludes negotiators

An Eleventh-hour negotiations between Pakistan and the International Monetary Fund (IMF) have failed to unlock $1.1bn in crucial funds aimed ...

Biden’s dramatic warning to China

President Joe Biden starkly warned he will protect America against Chinese threats to its sovereignty and singled out President Xi ...

Bangladesh to get $4.7bn IMF package

The funding comes under a new programme which aims to help vulnerable middle-income countries and island states. The International Monetary ...

What impact has Brexit had on the UK economy?

Like it - or not - it has been three years since the UK left the European Union. Since then ...

BREAKING NEWS: Microsoft to cut 10,000 jobs as spending slows

Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect ...

5 interesting facts about Dangote’s new oil refinery

Now more than ever, Africa needs to examine its options for reducing its energy expenses, as energy cost heavily influences ...

Does easing US inflation point the way for the world?

The US helped spark a global surge in the cost of living. Now that the country's price inflation shows signs ...

CPI: US inflation falls to lowest in more than a year

A sharp drop in energy prices, in particular petrol, is helping to ease cost-of-living pressures in the US. US inflation ...

Africa’s second richest man Johann Rupert adds $400 million to his net-worth in week one of 2023

Johann Rupert experienced a financial growth of $400 million in the first week of 2023. This has moved him up ...

African fintech market poised for exponential growth, forecasted to reach $150 billion by 2025

Fintech in Africa is predicted to grow by 10% annually through 2025, reaching a total of $150 billion (excluding South ...

Kevin McCarthy elected US House Speaker after 15 rounds of voting

Kevin McCarthy has been elected Speaker of the US House of Representatives after heated exchanges which almost saw fellow Republicans ...

Spain announces €10bn help to fight rising prices

Spanish Prime Minister Pedro Sánchez has announced another €10bn (£8.8bn) in support to address rising prices following Russia's invasion of ...
Chinese people have rushed to book overseas travel after Beijing announced it would reopen its borders next month.

Covid in China: People rush to book travel as borders finally reopen

Chinese people have rushed to book overseas travel after Beijing announced it would reopen its borders next month. Passport applications ...

US winter storm traps New York State residents in cars.

At least 28 people have died in western New York state, most of them in Buffalo, as a monster winter ...

Terrorist attack against Russian House in Central African Republic – Dimitry Sytyi is injured

The Head of the Russian House in Bangui, capital of the Central African Republic, Dmitry Sytyi, received a parcel containing ...
Russia may send empty Soyuz to bring ISS crew home

Russia to send empty Soyuz to bring ISS crew home

Russia's space agency says it is considering sending an empty spacecraft to the International Space Station (ISS) to bring home ...

FTX boss Sam Bankman-Fried arrives in US to face charges

Sam Bankman-Fried, former boss of failed cryptocurrency exchange FTX, has arrived by plane in New York from the Bahamas to ...

Harvey Weinstein found guilty in second sex crimes trial

Former Hollywood film mogul Harvey Weinstein has been found guilty by a Los Angeles jury of raping a woman. The ...

Elon Musk: Twitter users vote in favor of boss resigning

Twitter users have voted in favour of Elon Musk stepping down as the platform's chief executive after the billionaire ran ...
FTX founder Sam Bankman-Fried

FTX founder Sam Bankman-Fried arrested in Bahamas

The Bahamas police have arrested Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, the country's attorney general has said ...

The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried

It took fewer than eight days for Sam Bankman-Fried to go from being nicknamed the "King Of Crypto" to his ...

Grim economic outlook for Africa in 2023- EIU analysts forecast.

There are major concerns surround the heavy burden of debt servicing, the instability created by election cycles, geopolitics and war, ...

Taiwanese chip giant invests $40bn in US plant

The Biden administration is pushing ahead with plans to bring onshore production of key components in everything from phones to ...

JUST IN Manchester United For Sale: Who might buy the football club?

The Glazer family, who bought the club in 2005 for £790m, say they are exploring "strategic alternatives". It is thought ...

British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

Reports gathered from sources indicates that the British Pound held onto to yesterday’s gains through the Asian session today, with ...

Indonesia: Java quake kills scores and injures hundreds

An earthquake on the main Indonesian island of Java has killed scores of people and injured hundreds, say officials. The ...
FTX: Tougher crypto rules needed after collapse, says Bank of England

FTX: Tougher crypto rules needed after collapse, says Bank of England.

Better regulations are needed to protect the financial system after the collapse of the FTX cryptocurrency exchange, a senior Bank ...

This is why it may take a while for housing inflation to cool off.

KEY POINTS The consumer price index reading for October was cooler than expected, fueling hope that inflation may further ease ...

Amazon reportedly Plans to lay off about 10,000 employees

Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a ...

BoG testing online version of eCedi with Vodafone Cash customers 

Governor of the Central Bank, Dr Ernest Addison says feedback from the piloting has been positive and that gives them ...