The Bank of Ghana has released lending rate data for May 2026, revealing a wide spread in the APRs applied by banks across SME and corporate loan categories.
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ChatGPT maker value rockets in funding talks: report
The value placed on startup OpenAI has rocketed to between $80 billion and $90 billion in talks with potential investors, the Wall Street Journal reported on Tuesday. Microsoft has invested billions of dollars in OpenAI, kicking off an AI race among tech firms.
World Bank chief pledges to reform 'dysfunctional' development lender
World Bank President Ajay Banga said Tuesday that he is working to reform the "dysfunctional" development lender, and pledged to refocus its mission to better address the challenges posed by climate change. On Tuesday, Banga vowed to "fix the plumbing" at the bank, which he called a "dysfunctional" institution.
JPMorgan Chase to pay $75 mn to settle Epstein-linked sex trafficking suit
JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The USVI had originally sought $190 million in damages for the bank's role in enabling Epstein's sex crimes, including in the Virgin Islands, where he had a residence.
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VRA opposes IPP's request for monthly payments increase: "It'll collapse public power entities"
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6 dead in Kenya as medical small plane crashes into a building, video trends
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