Trade

Why Chinese Chinese yuan has ‘a long way’ of becoming global reserve currency status, says strategist

The Chinese yuan has “a long way” to go before challenging the U.S. dollar’s status as a reserve currency, says…

3 weeks ago

Mergers and Acquisition Transactions Stood at US$16 bn in the First Nine Months of 2020 in Sub Saharan Africa

Refinitiv today released the investment banking analysis for the Sub-Saharan African for the first nine months of 2020. According to…

4 weeks ago

Global trade shows frail recovery in Q3, but outlook remains uncertain

UNCTAD estimates show a 5% drop in global trade in the third quarter of 2020 compared to 2019, an improvement…

1 month ago

China’s ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

Photo (Reuters) - China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp ORCL.N and…

2 months ago

IMF Approves Temporary Increase in Annual Access Limits to Financial Support

Washington, DC – July 22, 2020: On July 13, the Executive Board of the International Monetary Fund (IMF) approved a…

4 months ago

Global Banks must resolve explainability and “black box” risk governance challenges to succeed with AI post-pandemic, says EIU report

The Economist Intelligence Unit report identifies data bias, “black box” risk and lack of human oversight as key concerns GENEVA,…

4 months ago

Elon Musk gets tax breaks for Tesla, if he builds a $1.1 billion car plant near Austin

Travis County in Texas has voted to give the electric car maker millions in tax breaks to build a new…

4 months ago

Tesla beats Toyota to become world’s most valuable carmaker

Tesla has overtaken Toyota to become the world’s most valuable carmaker by market value, in the week that marks the…

5 months ago

Tesla shares surge as carmaker rides out coronavirus shutdown

Tesla revealed on Thursday it had ridden out the coronavirus shutdown far better than expected, triggering a renewed surge in…

5 months ago

Coronavirus threatens to wipe out gender equality gains, UN agency warns

Coronavirus and its economic consequences threaten to wipe out progress on gender equality at work as women are at greater…

5 months ago