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Kuwait Petroleum Corporation signs a $16 billion oil pipeline network lease and leaseback, the largest FDI ever.
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
EU fines Google $1 billion for favoring its own services in the Play app store and search results.
Judge awards Anthropic a $1.5 billion settlement for the largest copyright infringement in history, utilized to train the Claude chatbot.
UK’s Metro Bank is considering a merger with rival Aldermore in a $2.7 billion deal.
Google is to introduce a new server chip to run Gemini models more effectively.
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.
The G20 Financial Stability Board’s most recent rankings, which were released on Monday, show that JP Morgan continues to be the most systemically significant bank
According to the deputy governor of the Bank of England, the failure of the cryptocurrency exchange FTX has demonstrated the necessity for more restrictions for
The cryptocurrency exchange FTX claims it owes its 50 largest creditors close to $3.1 billion and has applied for bankruptcy court protection in the United
The Russian-controlled Zaporizhzhia nuclear power station in Ukraine was shelled on Sunday, which drew criticism from the U.N. nuclear inspector who claimed that such strikes
According to a top U.N. official, West Africa will be the next recipient of important Russian fertilizer that has been stopped from leaving European ports
In its latest move to combat the euro zone’s spiraling inflation, the European Central Bank, announced on Friday that banks in the eurozone will start
According to Christopher Wray, director of the FBI, the United States is extremely concerned about the Chinese government setting up unlicensed “police stations” in American
After new owner Elon Musk offered them the option to commit to “hardcore” work or resign with severance money on Thursday, Twitter’s engineering team and
On Thursday, the Kremlin steadfastly declined to provide any information regarding a warning the CIA director gave to Moscow this week over the repercussions of
Frans Timmermans, the head of the EU’s climate policy, announced on Wednesday at the COP27 meeting in Sharm El-Sheikh that the organization and four of
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