Nigeria’s Access Bank to buy five sub-Saharan Africa businesses from StanChart.
As part of a plan to divest such companies, Standard Chartered stated on Friday that it has struck a deal to sell its subsidiaries in
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
China Tech crackdown: Global funds exit is forcing regulators to call for a rare meeting as the economy falters.
In an effort to persuade foreigners to continue investing in the second-largest economy in the world despite its recent weakness and mounting geopolitical tensions, China’s
Elon Musk establishes the AI firm xAI to overrun OpenAI and ChatGPT.
The multibillionaire businessman Elon Musk unveiled his long-rumored artificial intelligence startup xAI on Wednesday. He also introduced a team of engineers from the same major
U.S-China chip war: China adopts chiplet technology to drive domestic semiconductor industry.
The sale of patents by struggling Silicon Valley business zGlue in 2021 was unremarkable save for one detail: 13 months later, startup Chipuller in southern
China Big Tech crackdown: Market value of $1.1tr lost.
Since the government’s regulatory crackdown on the sector started more than two years ago, China’s largest tech businesses have lost more than $1 trillion in
Egypt to sell state assets worth $1.9b as part of economic reforms under a $3b IMF loan program.
As part of a drive to strengthen the private sector and raise scarce hard currency, Egypt has inked contracts to sell stakes in state assets
UN raises alarm that development goals for 2030 are in jeopardy, as 575m people will live in extreme poverty.
In a report released on Monday, the U.N. cautioned that if global progress continues at the current rate, 575 million people will still be living
Bank of America was fined $100m for illegal transactions and undermining customer trust.
Customers are entitled to more than $100 million in compensation from Bank of America for double-dipping on some fees, withholding bonus points, and creating accounts
India’s chip making ambitions collapse as Foxconn pulls out of the $19.5b Vedanta deal.
In a setback to Prime Minister Narendra Modi’s intentions for Indian chip manufacturing, Taiwan’s Foxconn has pulled out of a $19.5 billion semiconductor joint venture
Egypt’s annual inflation hits a record high of 36.8% with the collapse of the currency throwing 30% of the population into poverty.
As the most populous Arab nation struggles with price increases and a weakening currency, Egypt’s annual inflation rate reached a record high in June, according
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