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Market News

September 30, 2021
Zambia Inflation Slows as Food-Price Growth Retreats From Record
Zambian inflation slowed to an eight-month low in September after food-price growth decelerated from a record high and the currency’s two-month...
September 30, 2021
Wage Deal Imperils South African Municipalities’ Finances
South African municipalities’ budget frameworks are at risk of being compromised by a three-year deal that granted their workers inflation-beating...
September 30, 2021
Construction Fintech Startup Built Nabs $1.5 Billion Valuation
Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising...
September 30, 2021
Google Hands SoftBank Patents From Failed Balloon Moonshot
Google parent Alphabet Inc., which earlier this year shut down its moonshot project to beam internet service from high-altitude balloons, is passing...
September 30, 2021
KKR Builds Global Team to Target Rich With Blackstone, UBS Hires
KKR & Co. is ramping up plans to target the ultra-rich by building a global team focused on boosting allocations to its funds by wealth managers,...
September 30, 2021
Sarkozy Guilty of Breaking Finance Rules in Election Bid
Nicolas Sarkozy was convicted of deliberately overspending in his failed 2012 re-election campaign by French judges on Thursday, making him the first...
September 30, 2021
Ethiopia Votes to Form 11th State in Push for More Autonomy
Ethiopians in the south of the country are set to vote to form the country’s 11th state, part of a regional push for more autonomy that’s...
September 30, 2021
Britain’s New Aid Plan Is Fraction of Expiring Covid Bazooka
The U.K. government announced a 500 million-pound ($672 million) program of hardship grants to help consumers who are struggling with the rising cost...
September 30, 2021
End of U.S. Sanctions Breathes New Life Into Sudanese Airline
Sudanese carrier Sun Air is resuming flights to four destinations as the African country looks to shed its pariah status and rebuild the economy...
September 30, 2021
Eutelsat Confirms it Rejected $3.2 Billion Bid From Drahi
Eutelsat SA rejected a takeover bid from billionaire Patrick Drahi that valued the satellite operator at 2.8 billion euros ($3.2 billion), the...