Summary: The European Bank for Reconstruction and Development (EBRD) has approved a €11 million loan to Karpaty Mineral Water Group (KMW), supporting the construction of a new energy-efficient beverage plant in western Ukraine. The investment aims to strengthen food and beverage security, expand production capacity, and create jobs, including opportunities for veterans. The EBRD has […]
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Business & Macro Nigeria Suspends 15% Fuel Import TaxNigeria’s Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of a proposed 15 percent import duty on petrol and diesel. (Reuters)The tariff, approved by President Tinubu to boost non-oil revenue and protect local refineries (especially the Dangote Refinery), faced strong opposition from fuel marketers […]
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Speaking to the General Assembly, UNRWA Commissioner-General Philippe Lazzarini, argued that the agency is indispensable for the stability and rebuilding of the shattered Gaza Strip – and the wider region. He underlined that a “virulent” disinformation campaign has tarnished its reputation and strangled its funds. “Curtailing or ending UNRWA’s services will have grave consequences for […]
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An Oklahoma man was sentenced yesterday to 60 months in prison and ordered to pay over $1 million in forfeiture and over $170,000 in restitution for his leading role in a cryptocurrency investment fraud conspiracy. According to court documents and admissions, Travis Ford, 36, of Glenpool, Oklahoma, was the CEO, co-founder, and head trader of […]
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Summary: AI coding platform Cursor has closed a $2.3 billion funding round, achieving a $29.3 billion post-money valuation. The company has surpassed $1 billion in annualized revenue and grown to more than 300 employees since its 2023 launch, underscoring the lucrative potential of AI-powered developer tools. Cursor, developed by startup Anysphere, has emerged as one […]
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Summary: AI startup Thinking Machines Lab is in early discussions to raise new financing at a valuation of around $50 billion, a figure that would more than quadruple its worth since July. The deal, still under negotiation, underscores the company’s rapid ascent in the artificial intelligence sector and its ambition to reshape human-AI collaboration across […]
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Cases are on a downward trajectory for the first time since the COVID-19 pandemic of 2020. But a new report reveals while progress has been made in the global fight against the disease, funding gaps endanger hard-won gains. Funding gap threatens progress “Declines in the global burden of TB, and progress in testing, treatment, social […]
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Summary: China’s economy showed renewed signs of weakness in October 2025, as soft consumer demand, a worsening property downturn, and reduced factory activity during the long holiday period weighed on growth. Official data revealed sharper declines in investment and real estate, underscoring mounting challenges for Beijing’s efforts to stabilize the economy. China’s economic slowdown intensified […]
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Summary: Boeing defense workers in the Midwest have voted to approve a new five-year contract, ending a three-month strike that disrupted production of fighter jets and weapons systems. The deal includes a 24% wage increase and a $6,000 signing bonus, marking a significant victory for union members. After more than three months on the picket […]
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Summary: Sustainable investments have grown by 49% over the past two years, reaching US$16.7 trillion globally, according to the Global Sustainable Investment Alliance (GSIA). The sharp rise reflects a fundamental shift in investor priorities, with environmental, social, and governance (ESG) factors moving from niche practice to mainstream strategy azzet.com GSIA. Sustainable investing is experiencing unprecedented […]
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