THE BUZZ about fintech in Lagos, the commercial capital of Nigeria, is so loud that even those without access to the internet cannot miss it. Flashing billboards advertising Kuda, a digital bank, loom over traffic jams, and signs for Paga, a mobile-payments company, adorn thousands of corner shops. Investment has been flowing in, too. In […]
We have been watching the US dollar intently on these pages for many months now, and urgently reporting on developments when and if they occur. Today sees one such dispatch. Over the past few days the US dollar has done one of its sudden about-turns. What had seemed like an upward thrust, threatening to kill […]
The Cabinet set a 90-day time limit to provide up to Rs 5 lakh to each account holder of a bank if it fails. USA’s economy is on track, says the Federal reserve. Read more on this and other top headlines for the day. US economic recovery on track despite […]
LIMA, July 28 (Reuters) – Pedro Castillo on Wednesday vowed to tackle what he said were persistent social divisions in Peru that dated back to colonial days as he was sworn in as the country’s president, but pledged he would make no radical changes to the economy. In a speech shortly after he was inaugurated, […]
Canada’s Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada May 5, 2021. REUTERS/Blair Gable OTTAWA, July 28 (Reuters) – Canada’s Liberal Prime Minister Justin Trudeau is poised to trigger a snap election two years ahead of schedule, betting that high vaccination rates and […]
The situation in Afghanistan, the Covid-19 response and economic recovery and engagements in the Indo-Pacific are set to dominate US secretary of state Antony Blinken’s meetings with the top Indian leadership on Wednesday. Blinken, the third senior member of the Biden administration to visit India this year, arrived in the Capital on Tuesday night. He […]
The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound in June declined for the second month in a row. With existing and new […]
With China’s influence growing in Africa, the Biden administration is unveiling a new push to expand business ties between US firms and the continent. The Biden administration on Tuesday will announce a new push to expand business ties between US companies and Africa, with a focus on building needed digital, health and physical infrastructure on […]
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. FirstGroup, the Aberdeen-based rail and bus operator, has announced that its chief executive Matthew Gregory intends to step down after its annual meeting, in a victory for shareholders. Chairman David Martin will run the firm as […]
AUSTIN (KXAN) — Conversations with the Southeastern Conference (SEC) or any other conference can now begin after the University of Texas and the University of Oklahoma’s announced Monday that the schools will not renew their grant of rights agreements with the Big 12, starting the process of splitting ties with the conference. The impact of […]
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