Nigeria is preparing to pass a new law that could make it one of the first African countries to regulate artificial intelligence across the economy.The move comes as global technology firms have expanded rapidly in one of the continent’s fastest-growing digital markets, often without strong legal oversight.The proposed National Digital…
UBS chief executive Sergio Ermotti is planning to step down in April 2027, reported the Financial Times. The move sets in motion a succession race for one of the most powerful roles in global banking. Ermotti’s intended departure would come after he completes the integration of Credit Suisse, the rival…
Shares in Danish offshore wind developer Orsted surged by more than 5% after a US federal judge cleared the company to resume work on its near-complete Revolution Wind project, dealing the first legal blow to the Trump administration’s halt on offshore wind developments.The decision comes weeks after the White House…
Global central bank leaders have issued a rare, coordinated show of support for US Federal Reserve Chair Jerome Powell. This comes after federal prosecutors opened a criminal investigation linked to the $2.5 billion renovation of the Fed’s headquarters in Washington, DC, and Powell’s related testimony to Congress.In a joint statement…
Several major corporations have announced fresh rounds of job cuts, signalling that the wave of layoffs seen through 2025 has carried into 2026. Financial institutions and technology groups are trimming headcount as they seek to control costs, restructure operations, and redirect investment toward priority areas such as artificial intelligence and…
Shares of Chinese electric vehicle makers rose on Tuesday after the European Commission announced it is considering a minimum price system to replace import tariffs, a move investors view as supportive of margins and sales growth in the region.BYD Inc. shares jumped as much as 4.8% in Hong Kong trading.…
Nio stock price jumped by over 2% in Hong Kong, continuing a cautious recovery that started on Friday. It rose to a high of $38 after a proposal by the European Union that may help boost sales of Chinese EVs in the region. EU considers plan to replace tariffs on Chinese…
Global markets opened Tuesday on a buoyant note, led by a rally in Asian equities driven by optimism around artificial intelligence, while uncertainty over US monetary policy and geopolitics pushed investors toward safe havens such as gold. Commodities were mixed, with oil climbing on Middle East tensions and metals extending…
Rolls-Royce share price surged to a record high this year, continuing a trend that has been going on for years. It jumped to a record high of 1,305p on Monday, bringing the year-to-date gains to 11%, making it one of the best-performing companies in the FTSE 100 Index.Why the Rolls-Royce…
Nigeria is preparing to pass a new law that could make it one of the first African countries to regulate artificial intelligence across the economy.The move comes as global technology firms have expanded rapidly in one of the continent’s fastest-growing digital markets, often without strong legal oversight.The proposed National Digital…