US budget deficit hits $1.7tr as revenue dips, social security and health bills grow.
The U.S. government announced a $1.695 trillion budget deficit for fiscal 2023 on Friday, a 23% increase from the previous year as a result of
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Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
JPMorgan, led by Dimon, is poised to become the first bank globally to surpass $1 trillion in assets.
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
Stripe, Advent bid to acquire PayPal for over $53 billion.
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
SoftBank, PayPay to rescue Seven & I with $2 billion investment.
UK to regulate BigTech firms to safeguard financial stability.
Swift launches a blockchain ledger with an initial 16 banks to move “tokenized” funds 24 hours a day.
Bank of England says AI poses a growing threat to financial stability.
Korea’s SK Hynix launches a $28 billion US listing, capitalizing on the global AI revolution.
The U.S. government announced a $1.695 trillion budget deficit for fiscal 2023 on Friday, a 23% increase from the previous year as a result of
A longer-term pessimism about the nation’s fundamental institutions is being fueled by the Republican dysfunction that has brought the U.S. House to a standstill as
Jerome Powell, the chairman of the Federal Reserve, stated on Thursday that the inflation rate is still too high and that it will probably take
Following a Belt and Road Initiative summit in Beijing, President Xi Jinping of China promised on Thursday that his nation will raise investments in Nigeria’s
Domestic oil output in the United States reached a record high last week, in contrast to attempts by the Biden administration and world leaders to
The $250 million needed to turn Caledonia Mining Corp.’s Bilboes project into what would be Zimbabwe’s largest gold mine is being sought after. According to
As he began a summit on his flagship Belt and Road infrastructure program on Wednesday, Chinese President Xi Jinping promised international businesses increased access to
Nigeria’s minister of mines announced on Tuesday that the country is toughening licensing requirements for foreign mining firms to encourage them to increase the processing
Tuesday saw the announcement of a joint effort by some of the most popular travel and shopping websites to combat bogus reviews. In a statement,
The budget for the upcoming year which aims to improve public health services, encourage families to have more children, and put more money in the