Author: Steven Sahiounie

The moves are part of broader reforms to Nigeria’s forex market which has been grappling with chronic foreign exchange shortages

The first shipment of 2 million barrels of U.S. crude on the very large crude carrier Gem No. 1, also chartered by Vitol, was nearing Nigeria and is expected to discharge next week

Hunt on Saturday unveiled the next leg of the compact aimed at partly reversing the decades-old trend of pension funds opting for safe government bonds that typically have lower returns than more risky start-ups LONDON – Pension schemes in Britain will have to disclose by 2027 how much they invest in UK assets, the finance ministry said on Saturday, as it piles pressure on the sector to generate better returns for savers and help companies grow. Finance Minister Jeremy Hunt last July set out the Mansion House Compact, whereby 10 defined contribution (DC) pension funds, including Aegon, Legal & General…

This marks an impressive expansion in the global footprint of Saudi dates, with the number of importing countries rising to 119

Nvidia Chief Executive Jensen Huang on Friday said that artificial general intelligence could – by some definitions – arrive in as little as five years.

The lawyers who voided Elon Musk’s $56 billion compensation as excessive on Friday sought a record $6 billion legal fee, payable in the electric car maker’s stock. “We recognize that the requested fee is unprecedented in terms of absolute size,” the three law firms said in a filing with the Court of Chancery in Delaware. The fee works out to an hourly rate of $288,888, they said. Musk blasted the request as “criminal,” posting on his X platform that “the lawyers who did nothing but damage Tesla want $6 billion.” Tesla and Musk’s attorney did not immediately respond to requests…

Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates ended their summit early Saturday after failing to reach agreements on several major initiatives, the latest sign of turmoil within the global body.

India’s financial intelligence unit has imposed a 55 million rupees ($663,380) fine on Paytm’s banking affiliate.

Reddit Inc. is eyeing a valuation of as much as $6.5 billion in its initial public offering, according to people familiar with the matter.

Google’s decision to remove some apps in India from its app store “cannot be permitted,” Information Technology Minister Ashwini Vaishnaw said on Saturday, amid an ongoing dispute over service fee payments to the US firm.