Pakistan is holding last-ditch talks with the International Monetary Fund (IMF) to secure help to stem a deepening economic crisis that has all but emptied its foreign exchange reserves. It…
Category: Business News
Nigeria: Bank workers use a ladder to flee protesters
A video of Nigerian bank staff members fleeing from bank premises by climbing over the security wall to escape irate customers has been widely speculated on social media. The workers…
USA: Elon Musk found not guilty of fraud over Tesla tweet
Tesla founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had “funding secured” to take the electric carmaker private. Mr Musk faced a…
India: Fraud claims against Adani group cost the empire $100 billion
A US research firm’s allegations of fraud against billionaire Gautam Adani’s business empire have sparked a political row in India. Opposition leaders stalled the functioning of parliament for a second…
Argentina: Central Bank unveils new 2,000-peso banknote as inflation bites
A new 2,000-peso banknote will be issued in Argentina in response to soaring inflation, the country’s central bank (BCRA) has confirmed. The new note – which will be worth $11…
India: Italian woman ‘punched and spat’ on two Vistara flight crew
The crew of an Indian airline tied an Italian woman to her seat during a flight after she allegedly punched one member of staff and spat on another. The woman,…
Libya: Gas deal with Italy prompts backlash
Key Libyan political figures have rejected an $8bn (£6.4bn) gas production deal overseen by the Tripoli-based Government of National Unity (GNU) and the Italian government. Rights groups and observers in…
Nigeria: Authorities extend deadline to exchange old cash
Nigeria’s central bank has extended the deadline to exchange old banknotes for redesigned ones. There have been long queues at some banks as Nigerians have struggled to meet the original…
Algeria: The oil-rich nation unveils green energy plan
Algeria has unveiled a series of policies aimed at eliminating its dependence on fossil fuels. The oil-and gas-rich nation will invest heavily in renewable energy, according to the government’s energy…
USA: Crypto lender Genesis files for bankruptcy
Cryptocurrency lender Genesis has filed for bankruptcy. The firm had recently been charged by US regulators Securities and Exchange Commission (SEC) with illegally selling crypto. It is part of the…