European Central Bank confirms July rate hike plans, raises inflation projections significantly
THE European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts.
Following...
Crude oil nears $120 a barrel amid Saudi Arabia confidence in demand
Crude oil prices rose further after Saudi Arabia expressed its confidence in demand by raising the price of its crude for Asia by more...
Breakthrough military-civilian talks may end Sudan crisis – UN
The United Nations envoy said Thursday that Sudan's army will hold direct talks with civilian politicians and activists next week for the first time...
Euro-zone inflation is diverging by an unprecedented amount
Euro-zone inflation is breaking record after record, but the gap between the highest and lowest rates among the currency bloc’s 19 members has also...
IMF secures $40 billion so far for new sustainability trust
The International Monetary Fund (IMF) has received $40 billion in pledges for its new Resilience and Sustainability Trust to address challenges such as climate...
Why it’s so expensive to live in the U.S
Prices for the American dream home have skyrocketed. The U.S. housing market has been an unlikely beneficiary from Covid-19. The pandemic encouraged city dwellers...
Elon Musk loses $18.7bn in one day, as top four billionaires lose $35.9bn
It wasn’t a great day for billionaire, Elon Musk and the remaining top three wealthiest people on Thursday, following heavy losses in their networths,...
UK recovers more Abacha loot worth $23.4m
The National Crime Agency (NCA) in the UK says it has recovered $23,439,724.98 loot believed to have been siphoned out of Nigeria in the...
Binance commits $500m for Elon Musk’s Twitter takeover
The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter.
The firm is among several financiers that said...
Ukraine-Russia: EU makes 200m-Euro pledge
International donors gathered in Warsaw Thursday to drum up further humanitarian aid for Ukraine as it seeks to evacuate civilians trapped by more than...
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