The decision to go ahead with the mineral deal with the Democratic Republic of Congo was made by President Trump’s newly appointed Senior Advisor for Africa, Massad Boulos. Following his appointment, Boulos revealed that he would be making key visits to the DRC and three other African countries, including Kenya, Rwanda, and Uganda. The meetings […]
President Donald Trump’s much higher-than-anticipated tariffs have crushed stocks but could raise a substantial amount of revenue, while shrinking the economy in the process. The import taxes could generate $700 billion a year in revenue. That could help clear the way in Congress for bigger income tax cuts, though the tariffs would also be the equivalent […]
China issued a renminbi-denominated sovereign green bond on the London Stock Exchange on Thursday, marking its first overseas issuance of such a bond. The 6-billion-yuan ($825-million) deal comes in two parts: a 3-billion-yuan bond with a three-year term at an interest rate of 1.88 percent, and another 3-billion-yuan bond with a five-year maturity at an […]
Russia stands ready to support African nations in developing technologies for self-sufficiency, ensuring technological sovereignty and managing continental data systems. “Africa is resource-rich. Yet today, data has become the most valuable resource. Russia isn’t proposing to exploit this data, but rather to develop technologies enabling Africa to manage it independently. The digital industry’s future is […]
Investment manager Liontrust has named Phil Rosenberg as head of Middle East and Asia to drive growth across key international markets. Rosenberg brings over 35 years of experience in distribution, including a 14-year tenure as managing director and head of distribution for the Middle East at GAM Investments. According to the investment manager, his appointment […]
Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BOCOM), and Postal Savings Bank […]
One of Switzerland’s main political parties could soon propose capping UBS’s investment banking activities as part of a regulatory overhaul aimed at making the sector less risky, a senior lawmaker said on Wednesday. The right-wing Swiss People’s Party (SVP), the biggest group in parliament, would pitch the plan as soon as possible if the government […]
Shell said on Friday it has taken the final investment decision for Gato do Mato, a deepwater project offshore Brazil with a capacity of 120,000 barrels of oil per day, where first oil is expected to flow in 2029. Shell, the operator of the project, owns a 50% stake in Gato do Mato, while Ecopetrol […]
Johnson & Johnson has laid out plans to raise U.S. investments by 25% to more than $55 billion over the next four years, as a threat of drug import duties by the Trump administration compels companies to expand their manufacturing operations domestically. The pharmaceutical giant JNJ.N said on Friday it planned to build four new […]
While West Texas Intermediate (WTI) oil prices have slipped nearly $3.50 a barrel since January—hovering uncomfortably around $68—New Mexico lawmakers just gave oil producers something else to stew over: higher royalty rates. Senate Bill 23, which passed the House of Representatives on Thursday, is now sitting on Governor Michelle Lujan Grisham’s desk. The bill raises […]
