Fintech startups in Africa will probably hit pause on raising capital for about 18 months to avoid lower valuations amid rising interest rates and high inflation, said Aubrey Hruby, an investor in the continent’s startups and co-founder of Insider and Tofino Capital.
French luxury goods group LVMH Moet Hennessy Louis Vuitton SE has paired up with Epic Games Inc., creator of Fortnite, to draw in customers with fitting rooms and fashion shows in virtual worlds.
Secretary of State Antony Blinken will travel to Beijing later this week, becoming the most-senior US official to visit the country in five years as the US looks to ease tensions that have provoked fears of open conflict between the world’s two biggest economies.
Egypt’s president sounded a warning about the impact of rising prices stemming from currency devaluations, saying the nation of 105 million won’t be able to tolerate too many more hikes.
The shekel strengthened and then weakened again on Wednesday as Israel’s Parliament debated which candidates would serve on a key judicial selection committee, eventually voting in only one and stalling on naming a second.
A delisting from the US Big Board often marks the end of a company’s traction with big investors. For Didi Global Inc., the story couldn’t be more different.
Morgan Stanley’s Mike Wilson is reinforcing his status as Wall Street’s most-famous bear.
WE Soda canceled its London initial public offering just two weeks after unveiling its plan for a listing, dashing the city’s hopes to recover from the ongoing drought.
At least two oil tanker owners are staying away from Nigeria after several companies received backdated tax bills totaling millions of dollars.
Some of the world’s biggest fund managers are piling in to a quirky Chilean business model that offers guaranteed long-term prices for power produced by tiny renewable plants.
