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Ivory Coast wants bigger share of its mining boom
Ivory Coast's mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of the pie for its own businesses. The mining sector now accounts for four percent of Ivory Coast's gross domestic product, compared to just 1.5 percent a decade ago, according to the Professional Association of Miners of Ivory Coast (GPMCI).
Taiwan's Foxconn in talks with Renault over Nissan stake: report
Taiwan's Foxconn is in talks with French auto giant Renault to buy its major stake in Japanese carmaker Nissan, a report said Thursday, after the Japanese firm rebuffed its inquiries about an investment. The report said Foxconn "had directly expressed" its willingness to Nissan to buy equity but after "Nissan did not agree" it approached Renault.
Yen drops as Bank of Japan maintains key interest rate
The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts. The BoJ said after a two-day policy meeting that it would hold rates at around 0.25 percent, pushing the yen cheaper than 155 per dollar, compared with 153.66 on Wednesday.
Asian markets track Wall St rout as Fed pares rate-cut forecast
Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials' focus was back on fighting inflation.
TikTok's rise from fun app to US security concern
As the US Supreme Court considers whether to uphold a law that could get TikTok banned in the United States, here is a look at the rise of the video-snippet social app.
Spain targets Airbnb in illegal ads probe
Spain's leftist government on Wednesday opened an investigation into holiday rental platform Airbnb for allegedly failing to take down adverts for thousands of apartments without a tourist licence.
US Supreme Court agrees to hear TikTok ban case
The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down. A three-judge US appeals court panel earlier this month unanimously upheld the law's premise that TikTok divesting from Chinese ownership "is essential to protect our national security."
UniCredit ups pressure on Commerzbank, fuelling German anger
Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover speculation and sparking condemnation from Berlin of an "unfriendly" move at a time the country is in political limbo.
UK electricity grid set for 'unprecedented' £35 bn investment
National Grid unveiled Wednesday a massive plan to nearly double the transmission capacity of the UK's electricity grid, boosting the British government's net zero ambitions. The investment will upgrade the existing grid network and pay for new construction projects that will see electricity transmission capacity almost doubled.
AFP
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