Money

China Not Pushing Africa into Debt Trap, South African President Says

South African President Cyril Ramaphosa rejected claims that Chinese investments are driving African nations into a "debt trap," describing the relationship instead as mutually...

Russian Court Blocks Raiffeisen Bank’s Sale of Local Unit by Freezing Shares

A Russian court has frozen shares in Raiffeisen Bank International's (RBI) local subsidiary, the largest Western bank operating in Russia announced on Thursday. This...

World Bank, French Development Agency Provide Over $600 Million Aid to Uganda

The World Bank and French Development Agency (AFD) have committed more than $600 million in aid to Uganda for infrastructure development and waste management...

Nvidia’s Stock Plunge Shakes Market, Raises Questions About AI Investment

Nvidia, the chipmaker at the forefront of the artificial intelligence revolution, experienced a significant stock plunge on Tuesday, erasing $278.9 billion from its market...

Binance Executive’s Bail Decision in Nigeria Deferred to October 9

Tigran Gambaryan, Binance's head of financial compliance, will learn on October 9 whether he will be granted bail or remain in custody, following a...

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