The gap between affluent and poor countries is widening, says a UN report.
U.N. research shows that the gap between rich and poor countries is widening even more as many governments’ agreements from last year—such as reforming the
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
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
IMF chief warns that the Iran war is darkening the outlook of the world economy.
The chief of the International Monetary Fund cautioned on Thursday that the Iran war is worsening the prospects for the global economy, regardless of how
US banks to release $320 billion in capital with revised Basel rules.
Morgan Stanley analysts calculated on Wednesday that large U.S. banks might be able to release up to $320 billion in capital under updated draft regulations
Developing nations in Europe and Central Asia face a downturn from the Middle East crisis, the World Bank says.
The World Bank on Wednesday said emerging and developing economies in Europe and Central Asia could see a severe slowdown this year due to a
Ackman’s Pershing Square bids $64 billion for Universal Music Group, the Taylor Swift label.
In a cash-and-stock deal worth over $64 billion, activist investor Bill Ackman’s Pershing Square Capital Management is proposing to buy Taylor Swift and Bad Bunny’s
Afreximbank approves a $10 billion Gulf Crisis Response Programme to help African and Caribbean economies.
The African Export-Import Bank announced on Tuesday that it has authorized a $10 billion Gulf Crisis Response Programme to assist the economies of Africa and
The EU is considering reviving crisis measures in response to the war in Iran, says the energy chief.
In response to soaring fuel costs brought on by the war in Iran, five European Union finance ministers are advocating for a tax on windfall
Microsoft commits $10 billion to expand cyber defence and AI in Japan.
Microsoft announced on Friday that it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to bolster cybersecurity cooperation with the
Goldman Sachs acquires Innovator Capital with 240 ETFs globally valued at $90 billion.
Goldman Sachs announced on Thursday that it had successfully acquired Innovator Capital Management, an active exchange-traded fund provider, increasing the Wall Street bank’s footprint in
The Coca-Cola group commits $1 billion to developing its value chain in South Africa.
To support increased production capacity, Coca-Cola (KO.N) announced that its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion
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