Canada’s annual inflation rate decreased to 2.7% in June, primarily due to a slowdown in the year-over-year increase of gasoline prices, according to Statistics Canada. On Tuesday, the agency reported a 0.4% rise in gasoline prices in June, following a significant 5.6% increase in May. Excluding gasoline, the consumer price index rose by 2.8% in […]
Category Archives: BUSINESS-FINANCE
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20
Jun
Jun
London authorities have apprehended two individuals suspected of operating an illicit cryptocurrency exchange, believed to have facilitated trades exceeding £1bn in unregistered crypto assets. The Financial Conduct Authority (FCA) conducted a search of the suspects’ London offices, while the Metropolitan Police confiscated digital devices from two residences in the city. The exchange, allegedly run by […]
Mistral AI, a Paris-based artificial intelligence startup, has secured €600mn in new funding, propelling its valuation to nearly €6bn. This significant investment comes just a year after the company’s launch, positioning Mistral AI as a strong contender against OpenAI, with backing from tech giants like Microsoft and Nvidia. The funding round, tripling the company’s valuation […]
Mike Lynch was cleared by a San Francisco jury after an 11-week trial CREDIT: Simon Dawson/Bloomberg
07
Jun
Jun
Tech entrepreneur Mike Lynch is gearing up to challenge the UK’s extradition treaty with the US, following his acquittal of fraud charges after a six-year legal battle. Lynch, the founder of Autonomy, plans to collaborate with former Cabinet minister David Davis to push for treaty reform, which currently allows the US to extradite British citizens […]
Singapore’s Prime Minister has pledged a comprehensive investigation following a British passenger’s death and critical injuries to six others due to severe turbulence on a Singapore Airlines flight from London. The flight, carrying 211 passengers and 18 crew, made an emergency landing in Bangkok. Lawrence Wong, the Prime Minister, expressed his condolences to the family […]
Lowe’s (LOW) Q1 revenue surpassed expectations, reaching $21.36 billion, despite a decrease in DIY projects. This figure is slightly higher than the anticipated $21.13 billion. The company’s same-store sales saw a 4.1% decline, a minor improvement from the 4.3% drop in Q1 last year. Lowe’s noted a decrease in everyday customers’ purchases of big-ticket items. […]
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May
May
BALTIMORE (AP) — The container ship that caused the collapse of Baltimore’s Francis Scott Key Bridge, resulting in six fatalities, was successfully refloated at high tide on Monday. The vessel, named Dali, is now gradually making its way back to port, assisted by several tugboats. The Dali had been stranded at the collapse site for […]
NEW YORK (AP) – In the ongoing hush money case against Donald Trump, defense lawyers focused on discrediting the key witness, Michael Cohen, during Thursday’s proceedings. As the trial nears its conclusion, the defense is working to undermine Cohen’s testimony, which is pivotal to the prosecution’s case. Cohen, Trump’s former attorney, took the stand for […]
15
Nov
Nov
The African Export-Import Bank (Afreximbank) has announced a groundbreaking initiative aimed at addressing the funding gap in Africa’s power sector. The bank, headquartered in Cairo, Egypt, has revealed plans to establish an energy bank that will focus on financing clean and renewable energy projects, promoting regional integration of energy markets, and supporting local content development. […]
06
Nov
Nov
The Ghanaian government has initiated formal negotiations with the Dutch commodities trading company Trafigura Beheer BV to resolve a $140 million judgement. The judgement was handed down by an arbitration tribunal in Amsterdam over the termination of a contract between the government and the company. The judgement had been pending since 2017, when the arbitration […]
Former President Donald Trump faces a $250 million civil fraud trial – learn more about the case and what he has to say!
image: reuters
03
Nov
Nov
Sam Bankman-Fried, the billionaire financial doyen who was once heralded as one of the world’s most successful hedge fund managers, has seen his career come to an abrupt end. After a stunning rise to fame and fortune, his dramatic downfall has been just as rapid. The financial prodigy, who once managed one of the world’s […]
18
May
May
In a surprising turn of events, Aker Energy, a prominent oil and gas company, has come forward with the disclosure of an annual payment of $125,000 to a journalist at Joy FM, a renowned radio station in Ghana. This revelation has sparked widespread discussions about the nature of this financial arrangement and its potential implications […]