Microsoft and Abu Dhabi-based AI firm G42 to invest $1b in geothermal Kenya data center
As part of its attempts to extend cloud computing services in East Africa, Microsoft is teaming with UAE-based AI firm G42 to spend $1 billion
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
$10million anonymous donation rattles climate group.
Dan Stein, the founder of Giving Green, a climate philanthropy organization, discovered some major news in an unexpected email on a Friday morning in April.
Nigeria’s central bank reacts as inflation peaks at 33.69% in 28 years, hiking the benchmark rate to 26.25%.
In a move announced on Tuesday, Nigeria’s central bank increased its benchmark lending rate by 150 basis points, to 26.25% from 24.75%. Given that the
Indonesia with the World’s largest Nickel reserves lures Elon Musk to build an EV battery plant.
The establishment of an electric vehicle battery plant in the nickel-rich nation of Indonesia has been suggested by the government to Tesla CEO Elon Musk,
EQT offers a 73% premium to acquire Keywords Studios in a $2.8b deal.
The firms released a statement stating that Dublin-based video game services company Keywords Studios is in advanced talks to be acquired by European private equity
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
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
Load More
