Category: Business

Reliance Industries Limited (RIL), India’s largest corporate by revenue, has successfully raised $3 billion through a syndicated loan from a consortium of 11 banks. This marks the largest financing deal for the conglomerate in nearly two years. The loan will be used for general corporate purposes, reinforcing RIL’s position in the global capital markets. The […]

That’s according to Najat Rochdi, the UN Deputy Special Envoy for Syria, who is in Damascus meeting several members of the transitional authorities to ensure all Syrians are able to participate in the country’s future, which is struggling to cope with an acute humanitarian crisis and faltering economy. In an exclusive interview with UN News, […]

A global spy tool exposed the locations of billions of people to anyone willing to pay. A Catholic group bought location data about gay dating app users in an effort to out gay priests. A location data broker sold lists of people who attended political protests.  What do these privacy violations have in common? They […]

It has been almost three years since the 24 February 2021 full-scale Russian invasion of Ukraine, which has killed thousands of civilians and destroying vital infrastructure, putting the economy under enormous strain. The UN has recorded more than 28,000 civilian casualties and over 10,000 deaths, but acknowledges that the actual toll is very likely to […]

Entrepreneurship has long been hailed as a springboard of innovation, creativity and economic growth. Governments actively promote entrepreneurship as a vehicle for boosting employment with policies designed to make it easier for people to start their own businesses. Small and medium-sized enterprises (SMEs) and start-ups form the backbone of Europe’s economy, representing 99% of all […]

The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth has stagnated and remains below the pre-pandemic annual average of 3.2 per cent. The report produced by the UN Department of Economic and Social Affairs (DESA), highlights the enduring impact of weak investment, sluggish productivity, […]

Nvidia has criticized a new US proposal to impose additional export controls on advanced AI chips, arguing that the move will not effectively mitigate the risk of misuse. The Biden administration is seeking to tighten restrictions on the sale of high-performance chips to China and Russia, aiming to limit their access to critical technology that […]

The U.S. Department of Defense has escalated its crackdown on Chinese entities with ties to the country’s military, adding key players to a growing blacklist. Among the latest companies targeted are the electric vehicle (EV) battery giant CATL (Contemporary Amperex Technology Co. Limited) and the prominent social media company Tencent. CATL, a dominant force in […]

Last week, the Sixth U.S. Circuit Court of Appeals ruled against the FCC, rejecting its authority to classify broadband as a Title II “telecommunications service.” In doing so, the court removed net neutrality protections for all Americans and  took away the FCC’s ability to meaningfully regulate internet service providers. This ruling fundamentally gets wrong the […]

Throughout 2024, many home owners and prospective first-time buyers would have kept a close eye on the Bank of England’s base interest rate. Eventually, the first cut arrived in August (from 5.25% to 5%), followed by another drop to 4.75% in November. Those changes were in line with market expectations. But they were not enough […]