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Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
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.
Britain approved a significant oil and gas project on Wednesday despite UN and scientific advisories that the world must stop developing new fossil fuel resources
London’s struggling office market is in a “rental recession” as the amount of vacant space in the West End, City, and Canary Wharf business districts
Glenn Youngkin, the governor of Virginia, revealed on Monday that two new Amazon operations facilities are coming to Virginia Beach and will eventually employ more
As part of the country’s shift to sustainable energy, the Biden administration intends to establish a commercial nuclear fusion reactor within ten years, according to
Alibaba, a Chinese e-commerce company, announced on Tuesday that it would spin off Cainiao Smart Logistics Network, its logistics division, in a Hong Kong IPO,
Anthropic will get up to $4 billion from Amazon, and the online retailer will own minority shares of the artificial intelligence business. The investment serves
A group of five banks, including Goldman Sachs and HSBC, have agreed to establish a uniform global standard for revealing clients’ stock holdings. Participants in
Even China’s 1.4 billion people wouldn’t be able to fill all the vacant flats strewn around the nation, a former official claimed on Saturday in
The $25 billion goal of the African Development Bank (AfDB) is “well on track,” according to AfDB President Akinwumi Adesina, whose organization supports programs in
In anticipation of being formally confirmed by the Senate, Olayemi Cardoso, who was recently nominated by Nigerian President Bola Ahmed Tinubu to serve as the
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