Business

Apple Leads Phone Revenues and Prices Up, Counterpoint Says

Apple Inc. led a 7% increase in global smartphone revenue over the June quarter, showing how rising prices are offsetting shrinking shipments, according to Counterpoint Research.

UK house prices up 0.1% in July as buyers remain cautious on interest rates

Price of an average home now £277,542, up from £277,484 the previous month but lower than in May, says Nationwide Business live – latest updates Economic uncertainty dampened UK house price growth in July as prospective house buyers…

Kioxia’s outlook miss clouds optimism about memory chip boom

The firm forecast operating income of ¥3.16 trillion for its fiscal half-year, which translates into a weaker-than-anticipated ¥1.89 trillion projection for the current quarter

South Africa’s TFG Sees Profit Fall 59% After Writedowns

The owner of Foschini, Markham and Jet sold more clothing than a year earlier and still saw profit drop by more than half, after writing R1.02 billion off three brands it owns abroad. The post South Africa’s TFG Sees Profit Fall 59% After…

Kospi Has Bottomed On Insane Week: 3-Minutes MLIV

Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

De Beers Sale Nears at US$1 Billion, Under a Tenth of 2011

Anglo American is in talks to sell De Beers for about US$1 billion to a consortium led by former chief executive Gareth Penny, against the US$12.75 billion the business was valued at in 2011. The post De Beers Sale Nears at US$1 Billion…

Nigeria: Tinubu Criticises Governors, Says They're Building Needless Flyovers

[Premium Times] They [governors] are taking four to five times their money. Nobody is borrowing money to pay salaries now," the president added.

Ghana Seeks US$700 Million Partner to Restart VALCO Smelter

Ghana is courting a co-owner, not a buyer, for the idled VALCO aluminium smelter. Officials put the bill above US$700 million, including US$250 million of power-sector debt. The post Ghana Seeks US$700 Million Partner to Restart VALCO…

Tanzania Shilling Bond in London Raises US$100 Million

The IFC listed a TZS 262.5 billion (US$100 million) shilling bond in London on July 25, channelling the proceeds to Tanzania's NMB Bank for small-business lending, with a fifth reserved for women-owned firms. The post Tanzania Shilling…

Zimbabwe: Mid-Term Budget Review

[New Zimbabwe] FINANCE Minister Professor Mthuli Ncube has pledged that the government will maintain the macroeconomic policies that have underpinned recent economic stability, saying the focus for the remainder of 2026 will be on…

Griffin’s Move Offers AI Reprieve as Traders Eye More Blowouts

Billionaire Ken Griffin’s rescue of hedge fund Situational Awareness helped trigger a relief rally in global AI stocks, leaving traders debating if the worst is over or more blowouts are on the way.

Meta India head named in police case over Facebook videos targeting Modi