Federal Trade Commission says US consumers waste over $1b and pay 20% extra as hidden charges.
The Federal Trade Commission put up a proposal on Wednesday to outlaw any fictitious junk fees that may be used to inflate the price of
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
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 says its Belt and Road infrastructure lending is a good alternative for global development.
A government report was released by China that promotes the 10-year-old Belt and Road Initiative while downplaying accusations that it has burdened developing nations with
U.S casino industry remains a powerful driver of economic activity by contributing $329b to GDP.
A recent report by the national trade association for the industry shows that the casino gaming sector in the United States generates about $329 billion
World Bank considers expanding guarantees for commercial loans for the private sector of developing economies.
The World Bank announced on Monday that it is exploring methods to increase the commercial loan guarantees it offers in order to increase the amount
Emerging economies are locked in a debt crisis as loan interest and debt repayments exceed $500m a day. – Oxfam
A financial crisis that has brought numerous nations to the verge of default will force budget cuts of $220 billion on some of the world’s
OPEC leaders insist fossil fuels have a role to play in energy transition ahead of COP28.
Heavyweights in OPEC stated on Sunday that the industry had a part to play in a smooth energy transition and that oil and gas should
Gold and safe-haven investments may see rising demand following the Hamas attack on Israel.
As investors closely monitor events in the Middle East to assess geopolitical risk to markets, the violence in Israel will probably cause a shift into
Amazon launches two of 3,236 satellites for its orbital internet service billed to overrun SpaceX in 2024.
As a competitor to SpaceX’s broadband network, Amazon launched the first test satellites for their upcoming internet service on Friday. The launch of the two
South Africa to commence virtual wheeling of renewable energy in 2024 to salvage the economy.
A senior government official said on Friday that South Africa’s first virtual electricity transfer model will likely go online by the end of the year,
Amgen acquires Horizon therapeutics in a $27.8b deal, despite anticompetitive concerns.
The $27.8 billion acquisition of Horizon Therapeutics by Amgen was finalized on Friday, according to the company, after receiving the go-ahead from the U.S. Federal
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