A claim that a Zimbabwean influencer’s Makola Market photo appears on Ghana’s new GH₵1 banknote sparked debate over checks behind the design approval.
A claim that a Zimbabwean influencer’s Makola Market photo appears on Ghana’s new GH₵1 banknote sparked debate over checks behind the design approval.
HSBC's largest shareholder ramped up pressure on the bank to break up its business on Tuesday, saying it was underperforming and has failed to "address key business model challenges". "It is necessary for HSBC to push for structural reform to fundamentally address HSBC's underlying market competitiveness issues," Michael Huang, chairman and CEO of Ping An Asset Management, said in a statement.
Britain cracked down Tuesday on energy suppliers' forced installation of prepaid meters following outrage as some of their most vulnerable customers faced higher bills during a cost-of-living crisis. Ofgem said Tuesday that the new voluntary code, signed up to by all energy suppliers, will halt such forced installations for customers over the age of 85 and those with severe health issues.
A slowdown in corporate transactions and weak trading results weighed on Goldman Sachs' first-quarter results on Tuesday, sending shares lower. The big investment bank pointed to a "significant decline in industry-wide completed mergers and acquisitions transactions" and much lower revenues for currency and commodities trading as drivers of the dip in profits.
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