The International Monetary Fund (IMF) withdrew Kenya’s access to a $1.5 billion standby loan in June. That hasn’t stopped the […]
Noble, Delek Sign $15 Billion Deal to Export Israel Gas to Egypt
A $15 billion deal to export Israeli gas to Egypt is moving forward after months of talks, bringing the Jewish […]
Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt
Nigeria sold $2.5 billion of Eurobonds on Thursday as it sought to lower funding costs by using the notes to […]
South Korea’s Moon Bemoans GM Plant Closure
South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) (GM.N) decision to shut down a factory south […]
Amazon’s $1.2Million Settlement Over Pesticide Sales
Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a […]
Asia’s Biggest Private Equity Acquirer Is Seeking $6 Billion
Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise […]
Warren Buffett’s Bumpy Ride With IBM Draws to a Close
Warren Buffett is just about done with International Business Machines Corp. His conglomerate, Berkshire Hathaway Inc., reported that it cut […]
Britain To Add Nigeria’s Naira To List Of Accepted Trade Currencies
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of […]
IBM lawsuit casts diversity in starkly competitive terms
International Business Machines Corp’s (IBM) insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce […]
Ethiopian Geothermal Is Private Equity’s Next $4-Billion Bet
U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity […]
U.S. Will Halt Crude Oil Import From Nigeria
There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer […]
The World’s Biggest Container Shipping Line Is Now Worried About Amazon and Alibaba
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from […]
Amazon Is Laying Off Hundreds of Employees at Its Seattle Headquarters
Amazon (AMZN, +3.50%) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the […]
Meet The First Female Laureate Of The Mo Ibrahim Prize For Achievement In African Leadership
“I am proud to see the first woman Ibrahim Laureate, and I hope Ellen Johnson Sirleaf will continue to inspire […]
Barclays Bank in trouble Over £2.2billion Qatari loan
Britain’s Serious Fraud Office has charged Barclays Bank with unlawful financial assistance to Qatari investors, extending to the lender’s operating […]
Warning Signs Flash for Kenya Currency Amid Political Crisis
As Kenya’s shilling appreciates in spite of a political crisis that shows little sign of abating, warning signs are starting […]
Samsung chairman named as suspect in $7.5 million tax evasion case
Samsung Electronics’ (005930.KS) ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an […]
Casino Mogul Steve Wynn Steps Down as CEO Amid Harassment Allegations
Steve Wynn has stepped down as the CEO of Wynn Resorts after allegations of sexual misconduct piled pressure on the […]
America’s Richest Doctor Is Buying the ‘Los Angeles Times’
The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people […]
Konga acquisition: It seems Kinnevik and Naspers lost a combined 184% return on investment
Swedish investment company, Kinnevik and South African media group, Naspers have been longtime public investors in Konga, which was recently […]