DeepSeek, the Chinese AI startup, rattles the US stock market.
Stock markets were being rocked Monday by a flurry over an AI chatbot created by the Chinese tech startup DeepSeek, which was also igniting discussions
IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
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
ECB’s Lagarde warns that excessive debt and inflation threaten central banks independence globally.
Central banks are facing challenges to their independence in some parts of the world, and increased political power might make it more difficult for banks
Trump pumps coal to solve AI power demands, but gains may be transient.
President Donald Trump has praised coal, a dependable but polluting energy source that has been declining for a long time, as part of his pledge
The ECB proposes the digital euro as a counter to Trump’s quest for crypto.
Piero Cipollone, a member of the European Central Bank board, stated on Friday that eurozone banks require a digital euro to react to U.S. President
Emerging economies to suffer net capital outflows as Trump’s policies pump up the US economy, JPMorgan warns.
Investment bank JPMorgan warned Thursday that emerging markets may be witnessing a dreaded “sudden stop” of capital flows as President Donald Trump’s “America First” policies
Saudi Arabia pledges to invest $600 billion in the US in return for Trump’s first foreign trip.
Saudi Arabia’s crown prince said on Thursday that the kingdom intends to spend $600 billion in the United States over the next four years. This
Trump announces Stargate, a $500 billion AI infrastructure by OpenAI, SoftBank, and Oracle.
On Tuesday, U.S. President Donald Trump announced that the private sector would contribute up to $500 billion to finance artificial intelligence infrastructure, aiming to surpass
FDIC sues 17 former directors and officers of the failed Silicon Valley Bank for billions of dollars.
In a lawsuit filed Thursday, the FDIC sought billions of dollars from 17 former Silicon Valley Bank executives and directors for alleged gross negligence and
German airline Lufthansa acquires 41% of Italian airline ITA Airways and full ownership by 2033.
A protracted period of uncertainty for Italy’s erstwhile flagship carrier ended on Friday when the German Lufthansa Group completed its acquisition of Italian airline ITA
Nigeria becomes the 9th BRICS partner country and may face a 100% tariff from the U.S.
Brazil, the chair of the BRICS bloc of developing countries, has announced that Nigeria has been accepted as a “partner country.” To counterbalance the Group
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