SoftBank issues cumulative $64bn in retail bonds to power AI ambitions
SoftBank Group is nearing 10 trillion yen ($64 billion) in total bond offerings to individual investors, dominating Japan’s retail bond…
UK’s Reeves raises tax burden to post-war high to shore up finances
British finance minister Rachel Reeves announced a big tax-raising budget on Wednesday that will take more money from workers, people…
Can Canada wait out the trade war with the US?
Canada’s Prime Minister Mark Carney appears in no rush to resume trade talks with the US. He dismissed a question…
China sets strongest yuan fix in over a year as Fed-cut bets rise
China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more…
Taiwan plans extra $40 billion in defence spending to counter China
Taiwan will introduce a $40-billion supplementary defence budget to underscore its determination to defend itself in the face of a…
Prices increase as Americans prepare for Thanksgiving
It’s a Thanksgiving tradition for many families in the United States: heading to retailers like Walmart to stock up on…
Digital Turkish Lira to enter new preparation phase
Türkiye’s Central Bank continues its efforts to create the country’s digital currency, the Digital Turkish Lira, as the second phase…
Germany to take $42M stake in African investment insurer, aims to spur up to $500M in investment
German Chancellor Friedrich Merz on Saturday said Berlin will invest over €37 million ($42.63 million) in the African Trade and…
Global ambitions behind yuan’s steady rise
The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to…
South Africa’s G20 debt focus to be tested as US takes the chair
The G20’s leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare…