Tag: UK

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UK investment platform assets tumble 100 billion pounds in 2022-Fundscape

The value of customer assets on British investment platforms has tumbled more than 100 billion pounds ($115 billion) this year, as a poor economic...

London court forces Glencore to pay record £281m for bribery in Africa

The mining and commodities giant Glencore will be forced to pay £281m in fines, confiscated profits and costs as punishment for “sustained criminality”, the...

UK financial watchdog warns it will stop unfair banks from lending

Britain's Financial Conduct Authority said on Thursday it will stop banks from lending if they fail to treat customers caught in the cost of...

UK stocks fall as inflation returns to 40-year high; banks under pressure

UK stock indexes closed lower on Wednesday after data showed consumer prices returned to a 40-year high in September, while banking stocks were hit...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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