Economy
Rich nations met $100 bn climate finance goal two years late: OECD
Wealthy countries met their target of providing $100 billion in annual climate aid to poorer nations for the first time in 2022, two years later than promised, the OECD said Wednesday. More than a decade later this target was finally met for the first time in 2022 with $115.9 billion raised, the Organisation for Economic Co-operation and Development said.
Africa presses for reform of 'unjust' global financial system
There is an urgent need for reforms to the "unjust" global financial system, which penalises African nations with high borrowing rates, leaders said at a major African economic gathering in Kenya this week.
ConocoPhillips to buy Marathon for $22.5 bn in latest big oil deal
US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.
UK's Royal Mail buyout: Who is Czech billionaire Kretinsky?
A billionaire with interests in football clubs, media outlets, supermarkets and now the potential new owner of Britain's Royal Mail, Czech Daniel Kretinsky retains a stubbornly low profile internationally.
Good, bad: List of economic events that shaped President Tinubu’s one-year performance in office
President Bola Ahmed Tinubu's one year in office has brought both good and not-so-good news for Nigerians desperate for a solution to their economic challenges.
EU parliament offices raided in Russia meddling probe
Investigators on Wednesday raided the home and offices of an EU parliamentary staffer as Belgium probes claims that Russia paid far-right lawmakers -- including Germany's embattled Maximilian Krah -- to spread Kremlin propaganda. Belgium says its own intelligence services have determined that some lawmakers were paid to promote Moscow's propaganda.
New mega-refinery helps Kuwait to record capacity: minister
Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region's biggest refineries which started operating at full capacity in recent months. It was officially inaugurated on Wednesday, months after its output reached full capacity of 615,000 bpd.
Why UK major firms are facing takeover attempts?
Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids. However, US private equity firm Thoma Bravo has struck a deal to buy cyber security company Darktrace for $5.3 billion in cash.
Royal Mail owner accepts Czech billionaire's takeover
The owner of Britain's struggling Royal Mail said Wednesday it had accepted a takeover proposal from Czech billionaire Daniel Kretinsky worth £3.6 billion ($4.6 billion).
Economy
Load more