U.S bank JP Morgan pleads guilty to tax fraud; pays fine of $29.6m to the French government.
U.S. bank JP Morgan has consented to a 25 million euros ($29.6 million) fine in a settlement of a tax fraud case, the French financial
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
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
Chevron is anxious to dispose of Texas’ Eagles Ford Basin $1b assets.
Chevron Corp is hoping to sell its oil and gas resources in the Eagles Ford Basin in south Texas, as indicated by sources acquainted with
Pacific undersea cable to attract $14m U.S funding after China rebuffed.
The Federated States of Micronesia will attract a U.S. financing facility to develop a Pacific undersea communication cable, two sources told reporters, after dismissing a
BNP Paribas, China Ag Bank in talks for JV wealth management cut of China’s $19tr market.
BNP Paribas’ asset management arm is in discussion with a unit of Agricultural Bank of China (AgBank), to form a wealth management venture sources said,
Nigeria’s Buhari dismisses power and agriculture ministers.
Nigerian President Muhammadu Buhari has sacked the minister for power and agriculture, a representative said on Wednesday without promptly giving an explanation. It is very
Hurricane Ida may cost insurers in the US & Caribbean over $18b.
Insurance providers are preparing for a hit of about $18 billion from Hurricane Ida in the US and the Caribbean, catastrophe modeling company Karen Clark
Universal Music to sell extra 2.9% shareholding to Pershing Square for $1.15b
American hedge fund director Bill Ackman’s Pershing Square is purchasing an extra 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French
Singapore’s Shopee blazes the trail in Brazil’s e-commerce sector.
Sea Ltd’s Shopee required only two years to become Brazil’s most downloaded shopping application, winning clients to its minimal expense marketplace with its game-changing way
Barclays acquires Gap’s credit card portfolio in the U.S. in a $3.8 billion deal.
Barclays said on Friday its US arm will purchase a $3.8 billion Gap credit card portfolio co-branded with apparel retailer The Gap Inc, as the
British chip designer Arm to be acquired by Nvidia in a $54b deal.
Nvidia is probably going to look for EU antitrust endorsement for its $54 billion takeover of British chip designer Arm ahead of schedule one month
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