Breaking News
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general: A/R: Mobile Money vendor shot dead at Manso-Asamang
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general: KNUST student remanded over alleged murder of final-year girlfriend
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Ghana: SONA: I’ll fix Ghana’s economic crisis – Mahama pledges
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Articles: Final-year KNUST student found dead, University pledges probe
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Ghana: $400M spent on Agenda 111, yet no hospital operational – Mahama
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Ghana: Only $64,000 and GHS143m left in sinking fund – Mahama reveals
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Ghana: Assets of suspects in National Service ‘ghost names’ scandal to be frozen – Mahama
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Business News: Ghana’s public debt hits GHS721bn; ECG owes GHS68bn, COCOBOD GHS32.5bn – Mahama
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Ghana: Mahama: 55 stalled projects could cost Ghana GHS15bn
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general: Persons behind opioid sale in Ghana will face justice – Mahama
Ghana Financial News.
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Global Financial News
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Oil prices fall
TOKYO, May 21 (Reuters) – Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. Brent crude futures declined 12 cents, or 0.1%, to $83.34 a barrel by 0041 GMT. U.S. West Texas Intermediate crude (WTI) eased 8 cents, or 0.1%, to $79.72 a barrel. Both benchmarks fell less than 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs of slowing inflation before considering interest rate cuts. “Fears of weaker demand led to selling as the prospect of Fed rate cut […]Read more...
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Microsoft debuts ‘Copilot+’
Microsoft on Monday debuted a new category of personal computers with AI features as it rushes to build the emerging technology into products across its business and compete with Alphabet and Apple. At an event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what Microsoft calls “Copilot+” PCs, saying that it and a range of manufacturers would sell them, including Acer and Asustek Computer. Microsoft launched the laptops as its shares trade near record highs following a Wall Street rally driven by expectations that AI will fuel strong profit growth for the company and its Big Tech rivals. Able […]Read more...
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Japan’s economy shrinks
TOKYO — The Japanese economy shrank at an annual rate of 2 percent in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth-largest economy at about 2.6 percent, wage growth has been slow and prices have risen partly due to the weakness of the yen against the U.S. dollar. Quarter-to-quarter, the preliminary seasonally adjusted gross domestic product, or GDP, a measure of the value of a nation’s products and services, slipped 0.5 percent from January to March, according to the Cabinet Office. The annual […]Read more...
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Asia-Pacific markets are
Asia-Pacific markets took a breather after rallying in the previous session, as investors await key China data to assess the state of the world’s second largest economy. China data, including new house prices, urban unemployment and retail sales figures for April, is due later in the day. Russian President Vladimir Putin, who is on a two-day state visit to China, said at a press conference that discussions had been “warm and comradely” and had shown the importance of the two countries’ relationship. Singapore will also release its non-oil domestic export figures for April, with NODX expected to fall 10% year on […]Read more...
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Bitcoin Remains Above
Bitcoin prices have maintained their strength over the last 24 hours, retaining the vast majority of the gains that materialized during the cryptocurrency’s latest rally. The world’s largest digital currency by total market capitalization was trading above $65,000 at the time of this writing, according to CoinMarketCap data. The digital asset held that value after rallying more than 8% in under 24 hours, reaching its highest since approximately April 24 and then extending those gains, additional CoinMarketCap figures show. Focusing in on bitcoin’s short-term outlook, several market observers highlighted key fundamental developments that could impact the digital asset’s price, in addition […]Read more...
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Protesters attempt to
Hundreds of climate protesters have clashed with police in Germany after attempting to storm the Tesla factory near Berlin. Several people were injured, including three police officers, during Friday’s demonstration against the proposed expansion of the electric car giant’s only European plant. Police made several arrests and prevented activists from gaining access to the facility. Campaigners have been camped out in woods in Grünheide, in the state of Brandenburg, since February, claiming Tesla’s plans to double the size of its factory would damage the environment. Demonstrators on Friday blocked a nearby motorway and interrupted the railway service by sitting on […]Read more...
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Apple sees biggest
Apple boss Tim Cook tried to beat back doubts about the future of the tech giant, after it reported its biggest sales fall in more than a year. Sales slumped 4% year-on-year in the first three months of 2024 to $90.8bn (£72.5bn), weighed down by a sharp drop in demand for iPhones. Executives said the results were distorted by Covid-related supply disruptions, which led to unusually strong sales during the same period last year. They said sales would return to growth in the months ahead, noting upcoming product launches and investments in artificial intelligence (AI). “I couldn’t be more excited […]Read more...
