In a move that has sparked outrage and intensified political tensions in Georgia, Mikheil Kavelashvili, a former professional footballer turned far-right politician, is poised to become the next president of the country. His expected ascension comes via an indirect election orchestrated by the ruling Georgian Dream party, a process heavily criticized as “illegitimate” by pro-European…
Access Bank Plc has entered into a binding agreement to acquire a 100% equity stake in Bidvest Bank, a South African financial institution under the Bidvest Group Limited. This acquisition marks a significant milestone in Access Bank’s ongoing efforts to expand its operations across the continent, strengthen its presence in the African landscape and enhance…
Donald Trump, in a recent Time Magazine interview has expressed strong opposition to Ukraine’s use of U.S.-supplied missiles for deep strikes into Russian territory, hinting at a possible shift in American policy toward the conflict. The interview coincided with Trump being named Time’s Person of the Year and offered insights into how his administration might…
Nigeria’s Minister of Power, Adebayo Adelabu, has unveiled ambitious plans to expand the country’s national grid by an additional 150 megawatts (MW) before the end of the year. This announcement came during a briefing with State House correspondents following a closed-door meeting between German President Frank-Walter Steinmeier and Nigerian President Bola Tinubu at the Presidential…
Global stocks faced downward pressure on Thursday, with major Wall Street indexes seeing declines. The market turbulence followed significant moves by central banks, including the European Central Bank (ECB) and the Swiss National Bank (SNB), which announced interest rate cuts. The ECB’s decision to reduce rates for the fourth time this year and its openness…
Ukraine is making significant moves toward legalizing cryptocurrency, with a groundbreaking bill expected to be finalized by early 2025. This was made known by Danylo Hetmantsev, the head of the Ukrainian Parliament’s Committee on Finance, Tax, and Customs Policy, confirming the progress in an interview with Pravda. Hetmantsev revealed that the draft law is nearly…
Meta Platforms, the tech giant behind Facebook, Instagram, and WhatsApp, has made a surprising move by donating $1 million to President-elect Donald Trump’s inaugural fund. This was made known by the company spokesperson, confirming the donation via email to Reuters. This development, first reported by The Wall Street Journal, marks a notable departure from the…
Inflation in the United States continued its upward trend for the second consecutive month in November, according to the latest government data. The consumer price index (CPI), which measures the average change in prices paid by consumers for goods and services, rose by 2.7% compared to the same period last year, slightly above October’s 2.6%….
U.S. President-elect Donald Trump has announced Kimberly Guilfoyle as his pick for the next ambassador to Greece.
The Securities and Exchange Commission (SEC) Commissioner Hester Peirce in a recent interview, emphasized the necessity of regulatory clarity, a collaborative approach to support the growth of the digital asset sector and called for comprehensive reforms to address these issues. Peirce highlighted the roadblocks the crypto industry faces, particularly in accessing essential financial services. Many…
