Nigeria’s Central Bank declines payment of the $2.4 billion FX backlog after a failed audit.
The governor of Nigeria’s central bank announced on Monday that errors totaling $2.4 billion had been found in a forensic examination of $7 billion in
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
Bezos to divest 50 million Amazon shares worth $8.6 billion over 12 months.
As per a business filing on Friday, Jeff Bezos, the founder of Amazon, is set to divest up to 50 million shares of the online
Meta gains record $196b in market value, driven by AI and advertising revenues.
In what CEO Mark Zuckerberg dubbed the “year of efficiency,” Meta Platforms Inc. tripled its earnings and reported significantly greater revenue in the last quarter
The World Bank tackles the climate crisis with emergency funds and catastrophe bonds.
To better assist member nations affected by natural disasters and other shocks in responding to a world that is becoming more and more prone to
Farmers’ rage grows throughout Europe over taxes, green rules, and cheaper imports.
In protest of increased taxes and growing expenses, farmers set off fireworks, ignited fires close to the European Parliament in Brussels, and flung eggs and
China’s Country Garden puts a $570m London residential building up for sale after defaulting on offshore payments.
Chinese real estate developer Country Garden is moving forward with asset sales both domestically and internationally following its offshore loan default by listing its 450
Nigeria restricts bank FX holdings as the naira hits a record low of 1,531 to the dollar on the official market.
Following a decline in the value of the local currency relative to the US dollar, Nigeria’s central bank placed restrictions on the amount of foreign
China has lost Teradyne’s $1b semiconductor manufacturing contract to U.S. export controls.
A Teradyne representative stated on Monday that the company, Teradyne, a provider of semiconductor testing equipment, withdrew manufacturing worth around $1 billion from China last
Nippon Steel to acquire U.S. Steel with $16b in loans to be funded by 3 megabanks in Japan.
Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group, and Mizuho Financial Group, plan to lend Nippon Steel a combined $16 billion for its planned acquisition
China Evergrande was forced into liquidation with over $300b in liabilities, compounding the housing crisis.
China Evergrande, the most indebted real estate developer in the world, was forced into liquidation by a Hong Kong court after an unsuccessful attempt to
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