BoA to take over Washington Federal Bank’s multifamily real estate loans in a $2.9b deal.
In order to help the regional lender reduce its exposure to the struggling industry, Washington Federal Bank agreed on Friday to sell a portfolio of
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
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
China sets up a $42b fund to tackle the property crisis and stimulate growth.
Following the release of new statistics indicating that house prices have fallen by about 10% since the year’s beginning, China announced a slew of new
Banking digitalisation creates new risks that may require new standards. – Basel Committee.
Global banking authorities stated in a report on Thursday that the digitalisation of banking and the introduction of Big Tech into the industry accentuate already-existing
Donor funds given by foundations skewed in favor of larger nonprofits led by White CEOs. – Report
A report from the nonprofit data research group Candid found that women of color typically head the NGOs with the fewest financial resources, whereas white
Nigeria’s inflation breaks a record 28-year high in April at 33.69% worsening the cost of living crisis.
Based on data released by the statistics office on Wednesday, Nigeria’s headline consumer inflation increased to a new 28-year high in April, reaching 33.69% year-over-year
Biden shuts out Chinese EVs with 102% tariff hike.
The Biden administration unveiled plans to impose fresh duties on Chinese solar cells, electric cars, sophisticated batteries, steel, aluminum, and medical equipment. This election-year measure
The Seagull, a small well-made, Chinese EV, set to take over the US auto industry
American automakers and politicians are quaking over the Seagull, a small, inexpensive electric vehicle. The car, which was introduced by Chinese automaker BYD last year,
The biggest geomagnetic storm in 20 years disrupts Musk’s Starlink satellites.
Elon Musk’s SpaceX satellite division, Starlink, issued a “degraded service” warning on Saturday as the planet was being ravaged by the strongest solar-induced geomagnetic storm
Prince Harry and Meghan worry about the mental health of Nigerians on their first visit.
On their first visit to the most populous country in Africa, Prince Harry and his wife Meghan began their journey on Friday by attending an
Argentina’s economy is in ruins as 1,000 pesos worth $58 in 2017 is now $1.
The size of Argentina’s largest banknote in circulation has increased by five times to 10,000 pesos, or roughly $10, due to the country’s prices rising
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