Britain’s government borrowing exceeded official forecasts by £7.2 billion ($9.6 billion) in the first six months of the fiscal year. This marks a significant deterioration that highlights the challenge facing Chancellor of the Exchequer Rachel Reeves as she prepares to deliver a crucial budget statement next month.The figures underscore the fragile state…
The Yes Bank share price has pulled back in the past few days as investors book profits and react to the recent quarterly results. It was trading at INR 22.65 on Tuesday, down by 6.8% from its highest level this year. This article explores whether Yes is a good bank…
Africa’s financial technology sector is witnessing a historic surge in investor interest, with Moniepoint now emerging as one of the region’s most influential players. The Lagos-based startup, which offers payments, banking, and remittance services, has secured a total of $200 million after its latest $90 million injection. The round, supported…
Coca-Cola HBC AG has announced plans to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion, marking one of its biggest expansion moves yet. The transaction, which will combine two of the Coca-Cola system’s largest bottlers, aims to create the second-largest bottling partner globally by volume and…
European stocks opened slightly higher on Tuesday, building on the positive momentum from the start of the week, though a new report showing record UK government borrowing has put a damper on early gains.Thirty minutes into the trading session, the pan-European Stoxx 600 index was marginally higher, with sectors and…
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) is preparing for an initial public offering in Shanghai as early as the first quarter of next year, targeting a valuation of up to 300 billion yuan ($42.12 billion), Reuters reported on Tuesday, citing sources familiar with the matter.Founded in 2016 with strong…
Amazon Web Services (AWS) has restored its systems after a major internet outage disrupted global connectivity on Monday, halting operations across thousands of platforms and exposing the scale of the world’s reliance on a few cloud providers.The disruption, which affected companies from London to Tokyo, briefly paralysed digital life —…
HSBC has appointed former NatWest executive David Lindberg as the new chief executive of its UK business, marking the latest leadership change under group chief executive Georges Elhedery. The move comes as the lender continues to reshape its structure and strengthen its focus on core markets.Lindberg, who served as head…
China has responded to the recent agreement between the United States and Australia on critical minerals by urging resource-rich nations to ensure stable supply chains, signalling a fresh phase in the global strategic competition over rare-earth materials.The development, CNBC reports, highlights the growing importance of minerals used in everything from…
Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX. The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House clarified its…