The European Union’s economic powerhouse, Germany, is facing a severe economic setback that could have far-reaching implications for the entire bloc. The source of this crisis stems from a bombshell Constitutional Court ruling last month, which deemed Germany’s use of […]
Korea and Japan have signed a fresh currency swap deal worth US$10 billion, the Ministry of Economy and Finance said last week. The resumption comes after an eight-year hiatus as relations chilled. A currency swap involves depositing one country’s currency […]
Since Imperial Bank, the UAE’s inaugural bank, opened its doors in 1946, the banking sector has undergone considerable changes. Fast forward to today and customers have an enormous range of banks to choose from. However, with the changing times, banking […]
Marvin Ellison, the chairman, president, and CEO of Lowe’s Companies Inc., has recorded another substantial increase in the market value of his stake in the U.S. home improvement giant — thanks to the recent rise in Lowe’s share price. According […]
Billionaire businessman and conservationist Jonathan Oppenheimer, the son of South Africa’s second-richest man Nicky Oppenheimer, has acquired full ownership of GZ Industries (GZI), Nigeria’s largest beverage can manufacturer, from Affirma Capital. The strategic move cements the Oppenheimer family’s influence in […]
Commenting on the deal the Country Director for Verto in Kenya Kevin Nganga noted that the partnership would leverage Verto’s already-established financial ecosystem worth the $3 billion the company recorded last year. He also disclosed that the deal is closing […]
Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. Xi made the trip on Tuesday and Wednesday and he visited […]
The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has unveiled the QFC Digital Assets Lab, powered by Qatar Central Bank, in the presence of His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani, […]
The Qatar Financial Center (QFC), a leading onshore financial and business center in the region, has unveiled the QFC Digital Assets Lab, powered by Qatar Central Bank (QCB). The Digital Assets Lab is the inaugural program to be launched under […]
Zenith Bank recently signed a Memorandum of Understanding (MOU), with the French government, allowing it to institute a subsidiary in the European northwest, as reported by the Nigerian newspaper, The Punch. Jim Ovia, CFR, the bank’s Founder and Chairman represented […]
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