Global Hedge funds gave the poorest returns in 14 years; Equities and Bonds slumped more.
Despite the fact that aggressive U.S. interest rate increases have severely hurt asset prices, global hedge funds are expected to post their poorest returns 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
Stock market crash: Musk assures employees, Tesla will be the most valuable company on earth.
Elon Musk, the CEO of Tesla Inc., advised staff members not to be “bothered by Stock market crash: Musk assures employees, Tesla will be the
Nigeria’s naira crashes to record low on the official market. – Refinitiv data
Following the Christmas holiday, trading resumed on the official market on Wednesday, and the naira of Nigeria touched a record low of 460.20 to the
Nigeria: Central Bank’s money printing gambit ruined the economy, Senate concurs.
Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to 21.83 trillion naira ($49 billion) and postponed
Foreign investors are excited as China ends the quarantine of visitors to China.
Businesses applauded China’s move to lift travel quarantines for international tourists as a crucial step toward reviving the country’s flagging economic activity, while Japan on
Washington State Christmas sabotage: 14k people in darkness, as 3 substations vandalized.
On Christmas morning, three electricity substation facilities in Pierce County, Washington, were vandalized, authorities said. As a result, more than 14,000 customers lost power. According
Mall of America fatal shooting: 1 killed, 5 arrested.
In connection with the fatal shooting of a 19-year-old man Friday night inside a Nordstrom shop at the Mall of America in Bloomington, Minnesota, five
Christmas Eve Nightmare: 1 killed, 3 wounded in U.K pub shooting.
Police reported that a young woman was killed and three men were injured in a shooting on Christmas Eve at a bar in northwest England.
Mastercard must provide competing payment networks, customers’ data to process debit transactions. – FTC.
The Biden administration announced on Friday that it has ordered Mastercard Inc. to stop preventing the processing of debit payments through competitor networks. The Federal
Nigeria to convert $53b Central Bank short-term loans to long-term, in view of economic downturn.
President Muhammadu Buhari said in a letter to parliament that Nigeria will convert a total of 23.7 trillion naira ($53 billion) in short-term loans owed
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