Business

China says yuan’s global rise is ‘irreversible’ – and has a strategy to back it up

Chinese financial authorities have pledged further steps to expand the yuan’s global use amid a broader de-dollarisation trend, while vowing to make listing on mainland stock exchanges the “primary” choice for top-tier domestic companies…

India launches tap-and-pay option for real-time payments ahead of full Apple Pay rollout

2027: Obi pledges to retain Tinubu’s naira float policy if elected

Peter Obi says he will retain Tinubu’s naira float policy if elected in 2027, but will focus on boosting productivity to strengthen the currency. Read More…

Saudi Arabia cuts oil output to lowest this year on Houthi threats

Rebels announced ‘maritime embargo’ against kingdom’s exports in July, forcing world’s biggest exporter to cut production

Liberia: CBL Opens Nat'l Confab On Non-Performing Loans

[Liberian Observer] President Joseph Nyuma Boakai, Sr. formally opened the National Conference on the Resolution of Non-Performing Loans on Tuesday at the EJS Ministerial Complex, telling bankers, regulators, lawmakers, judges, and…

Egypt inflation eases to 12.7% in August as food prices fall

Egypt's annual inflation rate decreased to 12.7% in August, down from 13% in July, driven by falling food prices despite rising costs in housing and utilities. The Central Agency for Public Mobilization and Statistics reported a static…

Bending Spoons Agrees to Buy Miro for $1.36 Billion

Bending Spoons SpA agreed to acquire workplace-collaboration platform Miro in an all-cash transaction valuing the business at $1.36 billion, as the Italian technology group continues its acquisition spree.

Apple’s stock rises after iPhone reveal. The company is walking a ‘tightrope’ on pricing, say analysts.

Product launches show cost-conscious consumers remain a focus for the iPhone maker.

Wall Street Is Betting On a Split Congress With Midterms on Tap

The midterm election season has entered its final stretch, and Wall Street is busy drawing up game plans for a range of scenarios. Yet, in a fortuitous turn of events, the best outcome for markets is also looking like the likeliest one.

Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote

A bill to regulate digital assets is due for a preliminary vote in the U.S. Senate next week.

Anthropic Investor Leads Funding for Off-Grid AI Power Startup

A startup that builds off-grid power systems for data centers said it raised $120 million in a Series A funding round led by Spark Capital, an investor in artificial-intelligence developer Anthropic PBC.

Rob Arnott Sells His Index Crown, Keeps $30 Billion in Assets

Rob Arnott has sold the index business that helped make him famous. Now he’s using the $30 billion money-management business he kept to push deeper into active investing.