U.S. – China Tech war triggers $500m Chinese subsea internet cable.
A $500 million undersea fiber-optic internet cable network connecting Asia, the Middle East, and Europe is being developed by state-owned Chinese telecom companies to compete
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
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
Nigeria gets $800m World Bank funding to cushion the suffering of 100m poor people ahead of fuel subsidy removal.
According to Finance Minister Zainab Ahmed on Wednesday, Nigeria received $800 million from the World Bank to expand its national social program before the withdrawal
The multi-trillion dollar decarbonization industry may surpass the oil industry in 10 years. – Exxon.
According to CEO Darren Woods, Exxon Mobil Corp.’s Low Carbon division could surpass the company’s regular oil and gas operations within ten years and provide
AI supercomputer is faster and greener than the Nvidia A100 chip. – Google.
Google, a subsidiary of Alphabet Inc., provided fresh information on its supercomputers on Tuesday, claiming that they are quicker and more energy-efficient than equivalent systems
The banking crisis highlights capital and liquidity concerns in view of rising interest rates. – EU watchdog.
Following recent industry instability, banks in the European Union must be “cautious” with dividends and other payouts and concentrate on maintaining healthy cash reserves, the
Rising interest rates have propelled a distressed debt cycle. – SVP
A distressed debt cycle, in which the number of businesses with excessive debt loads or refinancing issues increases, is already in effect and is expected
Virgin Orbit files for bankruptcy after a failed mission.
Following a failed flight this year and increasing difficulty in securing finance for upcoming missions, Richard Branson’s Virgin Orbit has decided to seek Chapter 11
The U.S. commits $300m to build a database to research brain-wasting Alzheimer’s disease.
The U.S. National Institute on Aging (NIA) is supporting a 6-year, $300 million initiative to create a sizable Alzheimer’s research database that will allow scientists
StanChart’s redemption US$1b shock-absorbing bond provides reassurance to investors.
Prior to holders of comparable securities losing everything in last month’s Credit Suisse bailout, STANDARD Chartered redeemed a $1 billion so-called extra tier one (AT1)
UN WFP: $23b required to feed 350m people to avoid unrest and starvation.
The head of the Nobel Prize-winning U.N. World Food Program warned Friday that without additional billions of dollars to feed millions of hungry people, the
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