President Bola Tinubu rang the closing bell at NASDAQ in New York, United States, on Wednesday as part of the Executive Business Dialogue hosted by the United States Chamber of Commerce, Nigerian Exchange Group Plc, and Nigerian Investment Promotion Council. The business talk is one of the events scheduled asContinue Reading
Several African country leaders have made point about African countries been affected the most by climate change despite been UN Secretary-General António Guterres has called for an end to $7 trillion in fossil fuel subsidies, which he called “morally and economically unacceptable.” In a speech to the UN General AssemblyContinue Reading
For every action, there will always be an opposite reaction says Isaac Newton. The action by US to restrict export of its chips to China has made Chinese companies to come out stronger after a while. The first major sanctions were imposed in 2019, when the US government blacklisted Huawei,Continue Reading
Germany’s slowing growth is a major concern for the European Union (EU). Germany is the largest economy in the EU, and its growth is essential to the overall health of the bloc. In 1998, Germany first became known as a country that had managed the costly challenges of post reunificationContinue Reading
Germany, the economic engine of Europe, has been struggling in recent years. Economic growth has slowed, unemployment has risen, and the country’s debt has increased. As a result, some economists have begun to call Germany the “sick man of Europe.” According to updated projections by the European Commission, the EU’sContinue Reading
Databricks, a producer of software for data analytics and AI, has secured a Series I round for more than $500 million, giving it a $43 billion valuation. According to Crunchbase data, the most recent fundraising round has elevated Databricks to the eighth-most valuable private firm in the world. Databricks, aContinue Reading
On Thursday, shares of SoftBank’s Arm Holdings (ARM.O) jumped about 25% above their Nasdaq debut price, reviving investor optimism for a turnaround in the sluggish IPO market. Shares of Arm were set at the top of the anticipated range on Wednesday. The stock began trading on Thursday at $56.10 andContinue Reading
The French government has announced that it will temporarily lift a ban on retailers selling road fuel below cost in an effort to stem inflationary pressures on households. The move comes as fuel prices have surged in recent months, driven by high oil prices and the war in Ukraine. PrimeContinue Reading
Instacart, the grocery delivery platform, is aiming for a valuation of up to $10 billion in its upcoming initial public offering (IPO). This would make it one of the largest IPOs of the year, and a sign of the growing popularity of online grocery shopping. Instacart plans to offer aContinue Reading