African Union launches own credit rating agency to take on Moody’s, S&P and Fitch
AfCRA opens in Mauritius promising context-driven assessments of sovereign and corporate risk, but it has no ratings and no track record yet...
Category : Featured
Goldman CEO David Solomon, top executives set for over USD 500 million in ‘Special Equity Awards’
While Solomon is set to receive over USD 100 million, President John Waldron and three business heads also stand to gain big...
US telecom operators face pressure as SpaceX acquires low-band spectrum
SpaceX, by pairing low-band airwaves with high-frequency space capacity, is looking to position Starlink Mobile to bypass conventional cell towers...
Porsche’s nine-month sales plunge 16% as sports car maker braces for prolonged downturn
Weak China demand, phase-out of the 718 model line and the automaker's focus on brand value over volume continued to weigh on sales...
US Midterms 2026: Luxury spending slows ahead of November elections, Citi data shows
The Citi data backs surveys from the Conference Board and the University of Michigan that showed growing unease about the US economy among the voters...
Germany blocks Chinese state-owned shipping giant’s takeover of Hamburg logistics group
The German Economy Ministry said the transaction would have deepened dependencies on China and jeopardised the resilience of European supply chains...
Paramount takes over Warner Bros in USD 110 billion mega Hollywood merger
Skydance combines Paramount, HBO Max, CBS and CNN as the new media giant targets USD 6 billion in savings and 200 million-plus streaming subscribers...
Trump tariffs fail to curb US imports as trade deficit deepens to record high
While the trade shortfall increased 13.7% to USD 105.6 billion, US posted record deficits with at least three countries, including Mexico...
Jaguar launches its Type 01 electric car, targets wealthy American customers
Trump said the executive order will waive off-road requirements and allow anyone to purchase tax-free so-called red dye diesel...
IMF warns growing hedge fund footprint merits closer scrutiny
Hedge funds held about USD 13 trillion in gross assets in early 2026, up from USD 4 trillion in 2013, as per the IMF’s Global Financial Stability Report...