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Africa elects its next 'super banker'
The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call.
US trade court blocks tariffs in major setback for Trump
A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.
Nvidia earnings beat expectations despite US export controls
Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.
Global markets sink as rally over eased trade tensions fades
Global stock markets sank Wednesday on evaporating cheer over eased tariff tensions, while oil prices climbed as Washington appeared closer to imposing new sanctions on Moscow over Ukraine.
NYALA Digital Asset AG paves new way for digital securities as a profitable investment
The financial world is undergoing a revolutionary transformation, and NYALA Digital Asset AG is positioning itself as a pioneer in this change. This German company is shaping the future of capital markets and opening new paths for businesses and investors alike.NYALA is the first truly digital alternative to traditional investment banks. The company offers a platform through which stocks and bonds can be issued—without exchanges, banks, or paperwork. Faster, cheaper, and across borders. In doing so, NYALA is democratizing both capital access for companies and investment opportunities for retail investors.NYALA’s pioneering work is regulated under Germany’s Electronic Securities Act (eWpG) and was recently awarded a government research grant from the German Federal Ministry of Research.NYALA solves a serious issue: traditional capital markets aren’t built for small and mid-sized enterprises. IPOs require multi-million budgets and specialized legal advisors. As a result, 90% of mid-sized growth companies lack access. This often leads to the most exciting investment opportunities being allocated behind closed doors—to exclusive investor circles.
OPEC+ meets as oil output hike looms
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices.
Brazil airline Azul files for bankruptcy protection in US
Brazil's biggest airline by number of flights and destinations, Azul, announced Wednesday it had filed for bankruptcy protection in the United States to try restructure debt arising from the pandemic and from supply chain issues.
Stocks sink as rally over eased trade tensions fades
Stock markets sank Wednesday on evaporating cheer over eased tariff tensions, and oil prices climbed as Washington appeared closer to possibly putting fresh sanctions on Moscow over Ukraine.
Telegram to get $300 mn in partnership with Musk's xAI
Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced Wednesday.
Longer flight delays without compensation? EU plan divides
The EU is considering allowing airlines to incur longer flight delays without having to compensate passengers in a move that has consumer groups up in arms and is dividing member states.
French surgeon handed maximum term for abusing children for decades
A French court on Wednesday gave the maximum 20-year jail term to a surgeon who admitted sexually abusing hundreds of patients, most of them children, during more than two decades.
Political protests paralyse Bangladesh daily life
Protests have become part of daily life in Bangladesh's capital, with residents either taking part as political parties jostle for power after an uprising last year -- or avoiding them.
French court to rule on surgeon who abused children for decades
A French court is to give its verdict Wednesday in the trial of a surgeon who admitted to sexually abusing hundreds of patients over more than two decades, in one of the country's largest child sex abuse cases.
Asian stocks rally fades as Japan debt sale disappoints
Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields.
Jeep owner Stellantis names Italian Antonio Filosa as new CEO
Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales.
'State of emergency' in Panama after strike leads to layoffs
The Panamanian government on Tuesday declared a state of emergency in one province after US banana giant Chiquita Brands laid off about 5,000 workers following a strike that had ground its production to a halt.
Ancient bread rises again as Turkey recreates 5,000-year-old loaf
In the early Bronze Age, a piece of bread was buried beneath the threshold of a newly built house in what is today central Turkey.
China not trying to 'replace' US in Colombia: ambassador
China is not seeking to "replace" the United States as the top trading partner of Colombia, Beijing's ambassador to Bogota, whose president has announced a pivot to China, told AFP on Tuesday.
Second suspect in New York bitcoin kidnapping surrenders to police
A second suspect in the alleged kidnapping and torture of an Italian bitcoin investor in New York surrendered on Tuesday, authorities said.
WHO restructures, cuts budget after US withdrawal
The World Health Organization tried to stabilise its finances at its annual assembly which ended on Tuesday, but still remains well short of reaching its already reduced target.
'No-kids' holiday venue? Think again, says France
The French government is mulling measures to clamp down on adult-only hotels and restaurants, with a top official warning that hospitality venues excluding children in a so-called "no kids" strategy were dividing society.
SE Asian nations express 'deep concern' over US tariffs
Southeast Asian leaders expressed "deep concern" over US tariffs Tuesday, as they held a summit with China and Gulf states hailed as "a response to the call of the times" in a geopolitically uncertain world.
India approves development of prototype advanced fighter jet
India's defence minister approved on Tuesday a programme to develop an advanced fighter jet prototype, the latest push to boost local arms production, nearly three weeks after a conflict with arch-rival Pakistan.
Tesla EU sales slump 53% in April: trade group
Sales of cars made by Elon Musk's Tesla slumped by more than half in April as Chinese electric carmakers saw their share surge, the continent's manufacturing association said Tuesday.
EU approves 150-billion-euro loan scheme to rearm
EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc.
Nuclear option: Indonesia seeks to grow energy, cut emissions
Indonesia is hoping going nuclear can help it meet soaring energy demand while taming emissions, but faces serious challenges to its goal of a first small modular reactor by 2032.
Developing nations face 'tidal wave' of China debt: report
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report.
Fire halts production at Ecuador's biggest oil refinery
A fuel tank fire on Monday halted production at Ecuador's largest oil refinery, sparking the evacuation of nearby residents as a giant plume of smoke billowed from the facility.
SE Asian leaders meet China's Li and Gulf states to bolster ties
Southeast Asian leaders are looking to insulate their trade-dependent economies from geopolitical uncertainty, in particular US tariffs, as they hold talks with Chinese Premier Li Qiang and Gulf state dignitaries in Kuala Lumpur on Tuesday.
EU 'fully committed' to reaching US trade deal: commissioner
The European Union remains "fully committed" to reaching a trade agreement with the United States, the bloc's trade commissioner Maros Sefcovic said Monday following calls with top US officials.
Struggling German steel giant Thyssenkrupp plans major overhaul
Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan.
French surgeon says deserves no 'leniency' after abusing child patients
A French surgeon who sexually abused hundreds of patients over two decades, most of them minors, said Monday he was asking for no "leniency" as his three-month trial nears a verdict.