Business News

The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities. Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their “digital yuan cooperation.” The new deal will build on

Reading Time: 2 minutes FTX has filed a lawsuit against individuals linked to a Hong Kong-based affiliate, seeking the recovery of $157 million The exchange says that the individuals, including employees and family members of Salameda, received “preferential transfers” before FTX filed for bankruptcy FTX asserts that these accused individuals exploited their connections to prioritize

The US dollar strengthened following the FOMC September meeting The Fed sees the funds rate higher for longer Ethereum should hold above $1,400 for the bullish bias to persist This year had two distinct parts for financial market participants – one characterized by the dollar’s weakness and one dominated by the dollar’s strength. …

The World Bank has approved a fresh $700 million loan for Nigeria to enhance adolescent girls’ learning and empowerment. It made this known in a statement published on its website on Friday. The new loan will provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment…

Kenyan investment banks and stockbrokers gain access to the Stock Exchange of Mauritius.SEM’s move to allow international members on its ATS aligns with African exchanges.The Mauritian exchange offers enticing fiscal benefits, including no withholding tax on dividends. Kenyan investment banks and stockbrokers can now trade on the market platform of the Stock Exchange of Mauritius

The Secretary-General of the Arab League, Ahmed Aboul Gheit, opened a ministerial meeting on Tuesday at the headquarters of the General Secretariat, to discuss the issue of “Arab food security and finance”. The meeting was attended by Arab ministers of agriculture and representatives of financial institutions…

Oil major, Shell is trying to manage internal issues with regard to management decisions to scale down investment in the renewable energy space. Shell chief executive officer (CEO), Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale