U.S. Central Bank lost over $100b in 2022 as interest rate hikes reach 5%.
Federal Reserve losses now exceed $100 billion, according to figures from the central bank disclosed on Thursday, and they’re certain to rise significantly more before
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
Nigeria’s inflation rose to 25.8% in August, the highest since 2005 driven by subsidy removal and Naira devaluation
According to official statistics released on Friday, Nigeria’s annual inflation rate increased to an 18-year high of 25.8% in August as the continent’s largest economy
Global hunger hits 700m people – UN chief.
Over 700 million people worldwide are suffering from a hunger crisis that leaves them unsure of when or if they will be able to eat
Global warming: US to create resilient cities and improve access to nature with $1b tree planting program.
Under a government program designed to lessen excessive heat, promote health, and increase access to nature, hundreds of communities throughout the nation will split more
Softbank Arm achieves biggest IPO valuation of $54.5b since late 2021.
The largest initial public offering of shares in over two years will take place on Thursday when Arm Holdings, a British chip manufacturer, begins trading
China’s multi-billion dollar electric vehicle subsidies harming Europe’s economy. – Ursula.
The executive branch of the European Union announced on Wednesday that it is opening an investigation into Chinese subsidies given to manufacturers of electric vehicles
U.S. to stop free mining of copper and gold in bid to produce critical minerals for EVs.
The 151-year-old legislation that controls mining for copper gold, and other hard rock minerals on U.S.-owned lands is being modified by the Biden administration. One
Google’s search engine dominance is an “Achilles Heel” to competitors and is subject to the biggest antitrust lawsuit in the US.
The Department of Justice alleged Tuesday at the opening of the largest U.S. antitrust trial in a quarter-century that Google has used its control of
Irish Smurfit Kappa acquires U.S WestRock in $11b deal to emerge the world’s leading packaging firm.
The world’s largest paper and packaging company will be created when Ireland’s Smurfit Kappa acquires American rival WestRock for an agreed $11 billion, in an
UK government provides multi-million pounds in subsidy to support BMW as it transits to Mini EV.
Thousands of jobs will be preserved at the Oxford, England Mini factory as a result of BMW’s plans, which were revealed on Monday. The facility
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