Capital One will acquire Discover for $35b, in a deal that will upset the US payments industry.
In a deal that would combine two of the country’s credit card businesses and perhaps upend the payments sector, which is primarily controlled by Visa
Russia’s nuclear push into Africa: four states, big reactors.
The president of Russian nuclear firm Rosatom stated on Friday that Russia is in talks with four nations on major nuclear projects and is prepared
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
Naira crashes to a record low of N1, 712 to a dollar as equities plummet.
On Monday, the Nigerian naira hit historic lows on both the official and unofficial markets and stocks had their largest one-day decline in over a
Olam Group tackles Nigeria’s Central Bank over $50b forex fraud.
The Olam Group of Singapore stated on Monday that there was no proof found by its investigation team linking its Nigeria unit to a purported
Tech giants see generative AI as a threat to democracy, sign accord to stop deepfakes.
Leading tech firms agreed on Friday to voluntarily take “reasonable precautions” to stop the use of artificial intelligence tools to rig national and international elections.
US to give Intel $10b in subsidies to build the world’s largest chip plant in Ohio.
The Biden administration is considering giving Intel Corp more than $10 billion in subsidies. A combination of loans and direct grants are probably part of
Microsoft is releasing four Xbox-exclusive titles on other companies’ platforms.
Several exclusive Xbox titles will soon be available on competing systems, the video game business and its parent, Microsoft, revealed on Thursday. Microsoft Gaming CEO
OpenAI unveils Sora, a new text-to-video generator from written prompts.
The creator of ChatGPT revealed on Thursday its next step towards generative AI with a program that can create short video instantaneously in response to
Japan enters a recession due to an aging population and loses spot as the third-largest economy in the world.
Japan’s economy shrank in the final quarter of 2023, lagging behind Germany to become the fourth largest in the world. According to Cabinet Office figures
The UK economy was dragged into recession by high inflation and interest rates.
For the first time since the coronavirus epidemic began, the British economy entered a recession at the end of 2023 as output declined more than
Nigeria’s inflation rises to 29.90% year on year, driven by food inflation at 35.41% in January.
Nigeria’s annual inflation jumped to 29.90% in January from 28.92% in December, the Bureau of Statistics announced on Thursday. According to the statistics agency, increases
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