The Nigerian naira has staged a strong comeback this year, helped by the substantial demand for it bonds, falling US dollar, and supportive technicals. The USD/NGN exchange rate was trading at 1,487 on Thursday, down from the year-to-date high of 1,609.The Nigerian naira has surged amid carry trade betsOne reason…
BT Group share price has crashed in the past few weeks, moving from the year-to-date high of 218p to the current 194p. It has moved to the lowest level since July 24 this year, but is still up by over 48% higher than the year-to-date low. Here are some of…
Super Typhoon Ragasa battered Hong Kong, forcing closures and chaos as winds topped 200 km/h, flooding streets and snapping trees.Meanwhile, US President Trump signaled a more self-focused diplomacy at the UN, tech giants launched a $500 billion AI push, and Asian markets opened sharply lower amid global economic jitters.A glance…
Alibaba stock jumped nearly 8% in pre-market trading on Wednesday, a sudden spike that grabbed the attention of investors amid broader hopes for the Chinese tech sector.The rally puts Alibaba close to its highest levels in years, fueled by news of big moves in artificial intelligence and cloud services.It’s been…
Thailand’s export growth slowed sharply in August as US tariffs and a stronger baht began straining demand for key products. The Commerce Ministry reported a 5.8% rise in exports, the weakest pace in almost a year and below the 7% forecast by Bloomberg. At the same time, imports surged 15.8%,…
Europe markets opened lower on Wednesday as weak economic data and cautious comments from US Federal Reserve Chair Jerome Powell dragged sentiment, extending overnight losses from Wall Street and Asia.The downtrend marked the middle of the week with markets showing little appetite for dip-buying despite selective sector gains.The FTSE 100…
India is working on expanding energy imports from the US while pushing for reduced tariffs on its own exports, signalling a trade strategy that places energy security at the core of negotiations. Commerce Minister Piyush Goyal, who is currently in New York, confirmed that India expects to raise its purchases…
Alibaba Group is expanding its artificial intelligence push by integrating Nvidia’s physical AI tools into its cloud platform, marking one of the most significant collaborations between a Chinese cloud provider and a US chipmaker. The move reflects both the surging global demand for AI infrastructure and Alibaba’s ambition to dominate…
peaq, the Machine Economy blockchain, has unveiled the world’s first tokenized robo-farm. The semi-autonomous farm has been launched in partnership with DualMint, a platform focused on tokenizing everyday businesses, and KanayaAI, an urban agritech company.Located in Hong Kong—one of the world’s most densely populated cities, the farm will grow and…
Micron stock price continued its strong rally on Wednesday after the company published strong financial results. MU jumped to a high of $170, continuing a trend that started in April when it bottomed at $61. So, does it have more upside ahead?Micron’s business is thrivingMicron, a large company in the…