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Ghana offers local debt swap as part of IMF talks
Ghana offered investors a domestic debt swap on Monday to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades. President Nana Akufo-Addo and his economic team have come under growing pressure over the crisis, after the government earlier this year did a U-turn and said it would go to the IMF for help.
Ex-Wirecard CEO goes on trial over 'unparalleled' fraud
Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history. "The group was shaped by Markus Braun, and so was the corporate culture.
Five things to know about the Wirecard scandal
More than two years after the dramatic collapse of German digital payments firm Wirecard, ex-CEO Markus Braun and two former managers will go on trial for fraud. The complaints were dropped after Wirecard collapsed.
Asian stocks up, dollar down as China eases more Covid measures
Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy. The prospect of the world's number-two economy kicking back into gear helped traders overcome data on Friday showing far more jobs than expected were created in the United States in November.
Morocco reaps cash, clout from fertiliser supply shock
A global fertiliser supply shock deepened by Russia's Ukraine invasion has brought boom times for the North African phosphate superpower Morocco and earned the kingdom new diplomatic capital. That makes it a major player in a global market fearful of further supply shocks.
Opec+ likely to maintain oil output levels
Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.
US hoax trials spotlight misinformation profiteer
American radio host Alex Jones reaped millions spouting conspiracy-laden falsehoods that helped drive up sales of products like libido boosters, exploiting an internet ecosystem that experts say makes misinformation a lucrative business.
TotalEnergies cuts North Sea investment over UK windfall tax
French company TotalEnergies will cut North Sea oil and gas investment by 25 percent next year after the UK government extended a windfall tax on energy firms.
Top French central banker in corruption probe
French prosecutors said Friday that they had opened a corruption investigation into top central banker Sylvie Goulard, who simultaneously stepped down from the Bank of France. "Neither Sylvie Goulard nor her lawyer were informed that the investigation had been reopened," the source said.
AFP
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