U.S. bank profits plunge 70% on coronavirus loss provisioning

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U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic...

Congo’s gold being smuggled out by the tonne, UN report finds

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Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains...

Orange may launch in Nigeria, South Africa soon

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Telecom giant, Orange is considering entering the South African and Nigerian markets, CEO of Orange, Stephane Richard has said. “It could make sense to be...

The Impact of Digital Finance on Financial Inclusion in Africa

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By Kwaku Asiedu-Nketiah Jr & Alexander Ayertey Odonkor The burgeoning demand for digital financial services in Africa has brought about an unparallel increase in the...

#CitiBusinessFestival: Technology in agriculture is essential to boost production – Ken...

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Agricultural Consultant, Ken Nii Addy, says the application of technology in agriculture is necessary if Ghana is to be able to boost its production...

Exclusive: Mexico’s oil hedge to be pricier, but government likely doing...

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NEW YORK/MEXICO CITY (Reuters) - Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021,...

SEC in talks with MoF to secure comprehensive solution in paying...

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The Securities and Exchange Commission (SEC) is in talks with the Ministry of Finance to secure a comprehensive solution for customers of the defunct...

U.S. weekly jobless claims seen declining further, but millions still unemployed

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WASHINGTON (Reuters) - Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment...