Economy & Money Archives - Foremedia News

Nigerian Capital Development Fund (NCDF) Boosts Young Entrepreneurs with Strategic Investments in Start-Ups

Fiona Nanna, ForeMedia News 5 minutes read. Updated 3:41AM GMT Fri, 2August, 2024 The Nigerian Capital Development Fund (NCDF) is making headlines with its bold initiative …

EU Approves Hewlett Packard Enterprise’s $14 Billion Acquisition of Juniper Networks, Clearing Major Regulatory Hurdle in High-Profile Tech Merger

Fiona Nanna, ForeMedia News 3 minutes read. Updated 6:52PM GMT Thurs, 1August, 2024 The European Commission has granted unconditional approval for Hewlett Packard Enterprise’s (HPE) $14 …

Ethiopia’s Central Bank Allows Birr to Drop 30% Against Dollar to Secure IMF Support and Advance Debt Restructuring

Fiona Nanna, ForeMedia News 7 minutes read. Updated 8:20PM GMT Mon, 29July, 2024 Ethiopia’s national currency, the birr, experienced a dramatic 30 percent drop against …

Venezuela’s Economic Crisis: How Oil Dependency and Recent Political Challenges Shape the Nation’s Future

Fiona Nanna, ForeMedia News 4 minutes read. Updated 9:31PM GMT Sun, 28July, 2024 Venezuela’s ongoing economic crisis is a central issue in this Sunday’s presidential …

U.S. Economic Growth Accelerates to Strong 2.8% Annual Rate in Second Quarter Despite High Interest Rates

Fiona Nanna, ForeMedia News 2 minutes read. Updated 3:00AM GMT Thurs, 25July, 2024 The U.S. economy demonstrated significant resilience in the last quarter, with an …

Dangote Refinery in Nigeria Struggles with Crude Oil Shortage Due to NNPC’s Forward Sales Strategy

Fiona Nanna, ForeMedia News 5 minutes read. Updated 7:01PM GMT Mon, 22July, 2024 Nigeria’s Dangote Refinery is grappling with significant challenges in securing crude oil, …

Disneyland Workers Face Housing Crisis and Low Wages as Union Protest Intensifies

Fiona Nanna, ForeMedia News 7 minutes read. Updated 12:03AM GMT Sun, 21July, 2024 Workers at Disneyland, renowned globally as the “Happiest Place on Earth,” are …

UK’s National Debt Hits Highest Level Since 1962, Exceeding Pandemic Peak

Fiona Nanna, ForeMedia News 7 minutes read. Updated 5:07PM GMT Fri, 19July, 2024 The United Kingdom is grappling with its highest national debt levels since …

Elon Musk Sets to Relocate SpaceX and X Headquarters from California to Texas Due to Controversial Gender Identity Law

Fiona Nanna, ForeMedia News 4 minutes read. Updated 1:37PM GMT Thurs, 18July, 2024 Billionaire Elon Musk has declared intentions to shift the headquarters of two …

HSBC, Leading UK Bank, Names Georges Elhedery as New Chief Executive

Fiona Nanna, ForeMedia News 3 minutes read. Updated 11:01AM GMT Thurs, 18July, 2024 UK-based banking giant HSBC has unveiled its next chief executive, 50-year-old Georges …

End of an Era: The Iconic Mirage Hotel and Casino Closes Its Doors After 34 Years on Las Vegas Strip For a Hard Rock Transformation

Fiona Nanna, ForeMedia News 6 minutes read. Updated 4:21PM GMT Wed, 17July, 2024 The iconic Mirage Hotel and Casino on the famed Las Vegas Strip …

Global Markets Respond Strategically to US Political Turmoil with Dow’s Record Surge

Fiona Nanna, ForeMedia News 5 minutes read. Updated 10:41PM GMT Tues, 16 July, 2024 Financial markets worldwide have shown a surprising resilience amidst recent political …

New Inflation Warning: IMF Urges Preparedness for Prolonged High Interest Rates

Fiona Nanna, ForeMedia News 4 minutes read. Updated 9:06PM GMT Tues, 16 July, 2024 The International Monetary Fund (IMF) has issued a stark warning regarding …

Burberry Appoints Joshua Schulman as CEO as Jonathan Akeroyd Steps down Amidst Declining Sales

Fiona Nanna, ForeMedia News 4 minutes read. Updated 6:11PM GMT Mon, 15 July, 2024 In a strategic move to combat declining sales amidst a challenging …

Nigerian Government and USAID Sign ₦115bn Agreement to Improve Electricity Sector

Fiona Nanna, ForeMedia News 4 minutes read. Updated 10:00AM GMT Thurs, 11 July, 2024 The Federal Ministry of Power in Nigeria and the United States Agency …

Vietnam to Build 6-Kilometer Conveyor Belt for Efficient Coal Transport from Laos

Fiona Nanna, ForeMedia News 4 minutes read. Updated 5:00PM GMT Thurs, 4 July, 2024 In a bid to streamline coal transportation and bolster energy security, Vietnam …

Tesla Short Sellers Lose $3.5 Billion in Two Days After Deliveries Exceed Expectations with 443,956 Vehicles in Q2

Fiona Nanna, ForeMedia News 4 minutes read. Updated 2:00PM GMT Thurs, 4 July, 2024 Tesla’s latest deliveries report has caused significant losses for traders betting …

Bansal Wire Industries Launches ₹745 Crore IPO: Key Details, Subscription Status, and Expert Insights

Fiona Nanna, ForeMedia News 6 minutes read. Updated 9:00AM GMT Wed, July 3, 2024 The highly anticipated ₹745 crore initial public offering (IPO) of Bansal Wire Industries is …

2 Indian-American Entrepreneurs, Rishi Shah and Shradha Agarwal, Sentenced for $1 Billion Fraud Scheme at Chicago-Based Health Tech Startup

Fiona Nanna, ForeMedia News 4 minutes read. Updated 12:00PM GMT Tues, July 2, 2024 A landmark case has captured international attention, 2 Indian-American entrepreneurs, Rishi Shah and Shradha …

$128M Upgrade Revitalizes Former CBS Headquarters, Attracting Prestigious Law Firm Orrick, Herrington & Sutcliffe

Fiona Nanna, ForeMedia News 2 minutes read. Updated 10:00AM GMT Mon, July 1, 2024 The renowned global law firm Orrick, Herrington & Sutcliffe has renewed its lease for …

Nifty 50 Records Impressive 7% Gain in June 2024, Largest Monthly Increase in Over Six Months; Index Surpasses 10% Growth in First Half

By Fiona Nanna, ForeMedia News 4 minutes read. Updated 3:30PM GMT Fri, 28, 2024 India’s Nifty 50 index surged by 7% in June, marking its largest monthly …

SkillVanguard: Launching Micro-Credentials and Skills-Based Employment Initiative

Published by Fiona Nanna,22, June 2024 Contact:London School of Social Enterprise and Sustainable Economics (LSSE)Email: info@lsseedu.co.ukPhone: +44 (0)20 1234 5678 …

Fatherland Holdings Inc. Launches $5 Million Private Placement Memorandum for Strategic Growth – Newark, New Jersey, June – September 2024

By Fiona Nanna, ForeMedia News 3 minutes read. Updated 11:00AM GMT Thurs, June 20, 2024 Aligning Investment for Strategic Growth In an ambitious move …

Egypt Holds Interest Rate Steady Amid Signs of Economic Stability

By Fiona Nanna, ForeMedia News 2 minutes read. Updated 8:00PM GMT Mon, June 10, 2024 For the first time in 2024, …

Philippine Ambassador Warns Filipino Jobseekers: Beware of Illegal Recruiters in South Korea

By Fiona Nanna, ForeMedia News 2 minutes read. Updated 2:00PM GMT Sat, June 9, 2024 The Philippine Ambassador to South Korea, Ma. Theresa Dizon-De …

“Nigerian Governors Criticized for Rejecting N60,000 Minimum Wage Proposal”

By Fiona Nanna, ForeMedia News 2 minutes read. Updated 1:00PM GMT Sat, June 9, 2024 Primate Elijah Ayodele, leader of Nigeria’s INRI Evangelical …

Russia’s trade with Africa increased by 35% In the first half of 2023

Russian President Vladimir Putin announced that the trade turnover between Russia and African countries increased by nearly 35% in the …

China cuts lending as Belt and Road shifts focus [Business Africa]

China’s Belt and Road Initiative (BRI) has significantly boosted African infrastructure development, providing funding for railways, hydropower projects, roads, airports, …

Wema Bank Raises Salaries to Support Employees Amid Economic Fluctuations

Wema Bank recently announced its approval of salary increments for employees to mitigate the impact of economic fluctuations and enhance …

Ghana hikes key lending rate to counter inflation

In a surprising move, Ghana’s central bank raised its benchmark lending rate by 50 basis points to 30% in an …

DRC: UAE signs $1.9 billion deal with state-owned mining company

On Monday, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) announced that the United Arab Emirates (UAE) signed …

Zambia: Economic growth set to slow in 2023

Zambia’s economy is expected to grow by 2.7% in 2023, a decrease from 4.7% in 2022, primarily due to contractions …

FG of Nigeria Pleads For Patience Over Fuel Subsidy Removal

The Federal Government of Nigeria has urged citizens to bear the short-term difficulties resulting from the removal of fuel subsidies, …

Zero Tolerance: FCCPC’s commitment to prosecute online loan sharks ensures justice for harassed borrowers

The rise of digital money lending platforms in Nigeria has brought both convenience and challenges to borrowers. While these platforms …

Nigeria’s Crude Oil Earnings Hit N1.68 Trillion As Output Rises

In June 2023, Nigeria experienced a commendable increase in crude oil earnings due to a rise in oil output, according …

Impressive Earnings Reflect Positive Growth in Nigeria’s Oil Sector

In a significant boost to the country’s economy, Nigeria has recorded a staggering $11 billion in revenue from crude oil …

Berlusconi’s Eldest Daughter and Son to Assume Control of Fininvest

In a significant development for Italy’s business landscape, Berlusconi’s eldest daughter, Marina Berlusconi, and son, Pier Silvio Berlusconi, have been …

The China-Africa Trade Biennale bears fruitful results

The third China-Africa economic and trade expo concluded in Changsha city, with $10.3 billion worth of projects signed. Guided by …

Pakistan’s Troubled Economy Finds Relief with $3 Billion IMF Bailout Deal

Pakistan is on the brink of its worst economic crisis since gaining independence from Britain in 1947, as it faces …

Kenya signs EU trade deal boosting Brussels’ ties in Africa

Kenya and the European Union (EU) have signed a trade agreement aimed at deepening economic ties between the two regions …

Benin Republic feels the pinch as Nigeria ends fuel subsidies

The removal of fuel subsidies in Nigeria is having an impact beyond its borders, particularly in neighboring Benin. In Benin’s …

Nigeria lets market set currency exchange rate to stabilize economy

Nigeria’s central bank has ended its distorted foreign exchange rate system, aiming to attract investors and stabilize the local currency. …

Lawmakers pass budget, biggest in country’s history

The Kenyan Parliament has approved the budget estimates for the Financial Year 2023/24, marking President William Ruto’s first budget since …

Summit for a New Global Financing Pact: African Development Bank President Adesina to Lead Roundtable on Alliance for Green Infrastructure in Africa

Dr. Akinwumi Adesina, the president of the African Development Bank, will lead a roundtable discussion on the Alliance for Green …

Unveiling the Fatherland African Creative City: A Haven of Luxury and Distinction

Africa’s top CEOs back AfCFTA

To unleash the full potential of the African Continental Free Trade Area (AfCFTA), which aims to boost intra-African trade, prominent …

Zimbabwe dollarization

In another African context, Zimbabwe has implemented various currencies, including the US dollar, since 2009 to combat inflation and economic …

After IMF deal, Ghana faces high-stakes debt talks [Business Africa]

Ghana has sought assistance from the International Monetary Fund (IMF) a total of 17 times since gaining independence. This averages …