Nigeria’s gasoline debt reaches $6 billion, subsidy to gulp $3.7b in 2024.
As the state oil company NNPC tries to bridge the difference between set pump prices and foreign fuel costs, Nigeria’s debt to gasoline suppliers has
Africa launches new “gold standard” currency backed by critical minerals.
A new "gold standard" currency system is being proposed by Africa's development bank, and it will be supported by vital minerals like cobalt, copper, lithium,
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
UN says China is far ahead in generative AI patent applications, with the US a distant second.
In terms of generative AI, China has applied for considerably more patents than any other nation, according to a U.N. intellectual property office report released
Global data center and AI electricity demand to double by 2026 mitigating climate change – IEA
Google announced an ambitious aim three years ago to combat climate change by becoming “net zero,” or eliminating all greenhouse gas emissions from the atmosphere
World Bank launches a credit and guarantee platform of $20b for developing economies.
The World Bank Group announced on Monday that it had launched a new one-stop shop for loan and investment guarantees. With this platform, the organization
EU slams Meta platforms for violating digital regulations with ‘pay or consent’ ad model.
Regulators in the European Union charged on Monday that Meta Platforms, a social media firm, had violated the new digital competition guidelines of the bloc
Global government debt at record levels could upset financial markets with major elections this year. – BIS
The Bank for International Settlements issued a warning on Sunday, citing the possibility of turmoil in the world financial markets due to high levels of
Treasury secretary’s warning that AI in finance could lower transaction costs with significant risks rattles executives.
Executives claim that the emergence of AI-based systems presents significant prospects for financial services companies. However, because asset managers handle sensitive data, they are subject
Massachusetts deal: Uber and Lyft agree to pay drivers $32.50 per hour with massive benefits.
In a settlement that includes several benefits and protections, Massachusetts Attorney General Andrea Campbell said on Thursday that will set a minimum pay threshold of
Rivian shares jump 40% with a $5b funding commitment by Volkswagen in a JV software deal.
Volkswagen promised to spend $1 billion in the struggling electric vehicle firm immediately and up to $5 billion in total as part of a software
Microsoft still violates antitrust laws after offering software packages without Teams to EU customers.
By linking its popular corporate software, Teams, to Microsoft’s messaging and videoconferencing app, the bloc claimed that Microsoft had engaged in antitrust violations with the
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