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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.
According to the event’s organizers, representatives from Egypt, Iran, Malaysia, Nigeria, Pakistan, Turkey, and Bangladesh met under the auspices of the D-8, or developing eight
The two largest oil firms in Europe, Shell, and TotalEnergies increased their share repurchase programs on Thursday after their second-quarter profits surpassed those of the
Cameroon has become one of the top destinations for the harshly criticized “flags of convenience” system, which allows businesses to register their ships in another
Two types of biodiesel containing 40% palm oil were put through road tests in Indonesia on Wednesday, with the goal of determining by the end
In a fresh escalation of the energy standoff between Moscow and the European Union, Russia provided less gas to Europe on Wednesday. This will make
The White House stated on Tuesday that the South Korean conglomerate SK Group’s recent announcement of new investments in the United States is evidence of
In a blow to nations that have supported Ukraine, Russia warned it will limit gas supplies to Europe starting on Wednesday. Meanwhile, missile attacks in
The Ikike field in Nigeria, which is anticipated to generate peak production of 50,000 barrels of oil equivalent per day by the end of 2022,
Local media claimed on Monday that 34 people died in central Kenya when their bus drove off a bridge and fell into a river valley.
The hanging of a former lawmaker, a democracy campaigner, and two other political prisoners who had been charged with a targeted homicide following the country’s
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