Banks are in talks to lend Oracle and Vantage $38 billion to build OpenAI sites.
The Financial Times reported on Friday that a consortium of banks was in negotiations to lend an additional $38 billion to Oracle and data centre
Africa’s biggest oil producer, Nigeria’s NNPC, records a $4.2 billion after-tax profit in 2025.
With Africa's largest oil producer recording an average daily production of 1.62 million barrels of crude and condensate, Nigeria's state oil company, NNPC, reported after-tax
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
The EU approves new regulations to prevent online fraud.
The European Parliament announced on Thursday that it and EU member states have reached an agreement on new regulations that would compel banks and other
China’s Alibaba Group revenue soars 34% on cloud and AI boom.
Thanks to the surge in artificial intelligence, China’s Alibaba Group reported a 34% increase in revenue from its cloud division in its most recent quarter.
Alphabet’s market cap to hit $4 trillion as AI develops traction.
With a remarkable year-long run driven by the Google parent company’s increased emphasis on artificial intelligence capabilities, Alphabet was on track to reach a milestone
Africa’s renewable energy gets a financing boost of $2.3 billion from the European Investment Bank.
Over the next two years, the European Investment Bank (EIB) has committed to funding renewable energy projects in Africa with more than 2 billion euros
UAE commits $1 billion to expand AI infrastructure in Africa.
To assist nations in achieving their national development goals, the United Arab Emirates said on Saturday that it will invest $1 billion to extend AI
The Geneva-based Global Fund to Combat AIDS, Malaria, and Tuberculosis gets $11 billion from world leaders.
At an event in Johannesburg on Friday, a global health program that fights AIDS, TB, and malaria raised $11.34 billion, falling short of its goal
Japan approves a $135 billion stimulus plan to boost its faltering economy.
A stimulus package worth 21.3 trillion yen ($135.4 billion) was adopted by the Japanese Cabinet on Friday to alleviate the effects of rising prices and
The G20 watchdog warns leaders that private credit markets and stablecoins need close monitoring.
The Group of 20’s financial risk watchdog informed leaders ahead of their summit in South Africa that the surge in private credit markets and stablecoins
The EU names 19 tech giants as critical third-party computing providers for the finance industry.
19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, were named by European Union regulators on Tuesday as critical third-party computing providers for
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