London investment summit: U.S Tech consortium to invest $8.2b in UK data centers.
U.S. companies ServiceNow, CyrusOne, CloudHQ, and CoreWeave announced Monday that they will invest a total of 6.3 billion pounds ($8.2 billion) in UK data center
Google invested over $1 billion in Africa in the last 5 years.
Google announced on Wednesday that it had surpassed a five-year goal of investing $1 billion in Africa, as it made public projects on infrastructure and
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
Nigeria’s Brass petrochemical plant costing $3.5b to generate $1.5b annually, signs gas supply deal.
Nigeria signed an agreement with joint venture partners to supply gas to a proposed $3.5 billion Brass fertilizer and petrochemical facility, marking a significant step
China’s manufacturing export spillovers thwart other countries’ low-cost manufacturing efforts. – U.S. envoy.
To prevent debt crises, the top economic envoy for the US Treasury on Friday urged the International Monetary Fund and multilateral development banks to explore
BlackRock the world’s largest asset manager hit a record $11.5tr on the market rally and asset boost.
For the third consecutive quarter, BlackRock’s assets under management reached a record high on Friday; driven by sharp increases in the company’s exchange-traded funds inflows
Multilateral banks can lend an additional $500b before cash shortages and downgrades. – Fitch
After reviewing its standards for assessing supranational institutions, Fitch stated in research released on Wednesday that twelve of the biggest multilateral development banks could extend
Global economy to suffer losses of $14.5tr from geopolitical strife over 5 years. – Lloyd’s of London.
A hypothetical geopolitical battle that affects supply chains may cost the world economy $14.5 trillion over five years, according to insurance market Lloyd’s of London
FTX to use $16.5b in assets to repay 98% of customers in a model case of Chapter11 bankruptcy.
On Monday, the court approved FTX’s bankruptcy plan, enabling it to use the $16.5 billion in assets it has collected since the fall of the
The US spent $17.9b in unprecedented military support to Israel since the Gaza war began.
A report for Brown University’s Costs of War project was released on the anniversary of Hamas’ attacks on Israel. It states that since the war
Blackstone’s new Asia PE fund will raise at least $10b and focus on India.
The largest alternative asset manager in the world, Blackstone Inc., has begun to raise its third private equity (PE) fund with an emphasis on Asia,
Solar powers Africa with providers making brisk businesses, where 600m still lack electricity.
On a continent whose governments have long battled to solve some of the worst infrastructure in the world and the challenges of climate change, companies
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