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Sterling slumps ahead of BoE decision after Fed hikes rates again

Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again, and as traders awaited the latest decision from...

Oil falls as Fed rate hike raises fuel demand concerns

Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and increased fears of a global recession that would crimp...

White House announces $13.5 billion funding to help households with energy bills

President Joe Biden's administration will make $13.5 billion available to help low-income U.S. households lower their heating costs this winter, the White House said...

Gold coins to the rescue in Zimbabwe

As at 22 September 2022, a total of 9,516 gold coins valued at Z$9bn (US$1=Z$650) had been sold to both individuals and corporate buyers,...

Ryanair breaks another monthly traffic record in October

Ryanair flew 15.7 million passengers in October, a record high for the month and up 14% on pre-COVID levels, Europe's largest airline by passenger...

Breaking

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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