GameStop’s stock surge is a long way from 2021 meme-stock frenzy
This time around is starkly different from three years ago when GameStop surged over 1 000% in just a few days.
View ArticleDangote Cement staff shot during abduction of factory workers
Number of abducted staff is currently unknown.
View ArticleZimbabwe’s cabinet says more than half of population needs food aid
'Government is working hard to ensure that no one will die of hunger.'
View ArticleUS inflation data to show small step in right direction for Fed
Figures to be published on Wednesday.
View ArticlePlunging currencies, El Niño to delay rate cuts in African economies
Analysts predict that in the next three weeks, Nigeria, Angola, and Zambia, still grappling with double-digit inflation, will raise interest rates and only begin reducing them next year.
View ArticleWorld equities climb to record on bets US inflation is slowing
Providing insights into the Federal Reserve's interest rate trajectory.
View ArticleBitcoin-proxy MicroStrategy added to key MSCI World Stock Index
Following a surge in the firm's shares that outstripped the digital asset's gains.
View ArticleMcDonald’s sells $1bn of bonds as debt set to mature
The offering follows McDonald's disappointing first-quarter results, affected by slowing growth in the US and the Israel-Hamas war.
View ArticleGameStop, AMC shares soar as traders pounce on meme stocks
In a resurgence of the retail-trading frenzy that shook markets during the pandemic.
View ArticleANC seen avoiding populist partners post election
According to research group Kruthman, the ANC will prefer an alliance with the main opposition party, the DA, over partnering with its splinter groups.
View ArticleAFC to raise almost $1bn for Africa infrastructure plans
Institution intends to finalise financing for its inaugural $750 million Infrastructure Climate Resilient Fund in the second quarter.
View ArticleJack Dorsey’s technology expands in Africa with Chipper Cash
To accelerate its global cross-border payments.
View ArticleHonda to invest $65bn in electrification, CEO says
Honda and other automakers with hybrid lineups are benefiting from a global slowdown in EV demand caused by rising interest rates and declining subsidies.
View ArticleJumia doubles down on Nigeria in a push to turn profitable
The company will also expand its services to more cities in the West African nation.
View ArticleJapan’s shrinking economy hints at stagflationary risk
Data indicates that the world's fourth-largest economy has not grown since last spring.
View ArticleRamaphosa pledges to extract victims from collapsed building
While the cause of the collapse remains unknown.
View ArticleSouth Africa urges UN court to stop Israel from ‘destroying Gaza’
Claiming that Israel's objective of erasing Gaza from the map is being realised.
View ArticleBillionaire-backed nonprofit begins relocating key rhino herd
To protected wilderness areas following last year's acquisition of the world's largest privately-owned herd of these animals.
View ArticleRevival of meme-stock frenzy points to a frothy US stock market
As Gamestop and AMC Entertainment Holdings see their share prices roar.
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