A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
The Managing Director and CEO of Fidelity Bank, Nneka Onyeali-Ikpe, has called out the Central Bank of Nigeria for increasing the country's interest rates.
Former supermodel Naomi Campbell has been barred from running a charity after an inquiry found funds raised by an organisation she founded had been spent on spa treatment and room service charges. The regulator also looked at additional expenses totalling £6,600 for Campbell's hotel stay, including spa treatments, room service and the purchase of cigarettes.
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures are considered the boldest in years as Beijing aims to revive economic activity.
France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.
Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.
From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow. - Eroding trust - Public trust in the media has increasingly eroded in recent years.
The administration of Governor Babajide Sanwo-Olu has expressed confidence that its plan to make Lagos State a top 10 global tourism destination is achievable.
China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth. Also Friday, the bank cut the seven-day reverse repo rate -- the short-term interest paid by the central bank on loans from commercial lenders -- from 1.7 percent to 1.5 percent.
Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy. Hong Kong soared more than three percent in opening trades before paring the gains, while Shanghai was also sharply higher -- both markets are now up around 10 percent from Friday's close.
Economy
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