Latest

CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors
CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors
Economy
by  AFP

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. CBEX collapsed in April, leaving scores of investors like Edwin ruined, mainly in Kenya and Nigeria, according to media reports.

US judge orders Argentina to sell 51% stake in oil firm YPF
US judge orders Argentina to sell 51% stake in oil firm YPF
Economy
by  AFP

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.