Oil Prices Rise on Iran sanctions
US demands that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to have steadied the market.
Prices for Brent crude futures LCOc1 stands at 76.65 dollars...
Bankruptcy Hits Cambridge Analytica
Cambridge Analytica, the firm at the centre of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.
Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities...
ZTE Gets Lifeline from Trump, Xi
U.S. President Donald Trump has said that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.”
“President Xi of China, and I, are working together to...
World Bank’s Share Capital Now $13 billion
World Bank shareholders have approved an increase in the bank’s lending capacity after the United States backed a reform package that curbs loans and charges more for higher income countries like China.
World Bank President Jim Yong Kim said...
China’s ZTE Groans Under American Ban
China’s ZTE Corp has said that an American ban on the sale of parts and software to the company was unfair and threatens its survival.
However, the company vowed to safeguard its interests through all legal means.
The United States this...
NDIC Gets US Commendation on Capacity Building
The Office of Technical Assistance (OTA) of the United States Department of Treasury has commended the Nigeria Deposit Insurance Corporation (NDIC) on the establishment of a world class academy that serves as a reference point for capacity building...
