Business

UK financial sector makes slow progress on preparations for new settlement system

Skyscrapers of the Canary Wharf commercial district are seen with The Shard building and construction cranes reflected in a perimeter glass wall of the viewing area of Garden at 120, in the City of London financial district, in London, Britain, September 23, 2025. Photographer Toby Melville By Reuters Four in 10 financial businesses in Britain

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Trading platform eToro beats profit estimates as retail investors ride market boom

The eToro logo is displayed on a screen during the company’s IPO at the Nasdaq Market, in New York City, U.S., May 15, 2025. Photographer Brendan McDermid By Reuters Stock and crypto trading platform eToro beat estimates for third-quarter profit on Monday as retail investors maintained their buying streak despite bubble worries, sending shares up

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Top 10 African countries with the most foreign direct equity inflows in 2025

By The African Exponent Foreign Direct Equity Inflows (FDEI) across Africa have undergone a notable transformation between 2024 and 2025, reflecting shifting investor priorities, macroeconomic resilience, and the continent’s growing relevance to global industrial and energy supply chains. The United Nations Conference on Trade and Development (UNCTAD) and other 2025 provisional data sources show that

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Turkey, UK sign $10.7B Eurofighter jet deal during Starmer’s visit

President Recep Tayyip Erdoğan and British Prime Minister Keir Starmer attend a ceremony where they signed an agreement for Eurofighter jets, Ankara, Oct. 27, 2025. DHA Photo By Daily Sabah Turkey and Britain have signed an 8-billion-pound ($10.7 billion) deal for the purchase of 20 Eurofighter Typhoon jets, further boosting bilateral defense cooperation between the

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US, China begin trade talks in Malaysia

By Anadolu Agency The US and China Saturday kicked off their economic and trade talks in the Malaysian capital of Kuala Lumpur, according to the Chinese state-run Xinhua news agency. Chinese delegation led by Vice Premier He Lifeng, and the US, headed by Treasury Secretary Scott Bessent, will “consult on important issues in China-US economic

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Top 10 African countries with the highest export values in 2025

By The African Exponent Export value has become one of the clearest indicators of Africa’s economic trajectory in 2025. Across the continent, countries are strengthening trade performance through infrastructure upgrades, modernized customs systems, and fiscal measures aimed at currency stabilization. To ensure an accurate ranking, all export values have been converted to US dollars based

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World Bank to provide over 2 bln USD in renewed development financing to Uganda

Uganda will receive more than two billion U.S. dollars in new concessional financing from the World Bank over the next three financial years to support the East African country’s development agenda, a senior government official said Tuesday, according to Xinhua News Agency reported. Ramathan Ggoobi, permanent secretary and secretary to the Treasury at the Ministry

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US bank rout prompts deal speculation as credit worries loom

By Reuters Jitters around U.S. banks’ exposure to loan losses have fueled expectations for more mergers and acquisitions as big buyers may be spurred to look to absorb smaller or weaker rivals, according to four senior industry sources. More than two years after the sudden failure of Silicon Valley Bank that destabilized the industry, auto

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Stocks skid, gold jumps as investors shun risk

German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 13, 2025 By Reuters Global shares fell, while safe havens such as bonds and gold rallied on Tuesday, as investors grew uneasy over mounting tensions between the U.S. and China ahead of talks between the two countries aimed at

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Turkey, US draft new roadmap to reach $100 billion trade goal

U.S. President Donald Trump shakes hands with President Recep Tayyip Erdoğan as they meet in the Oval Office of the White House in Washington, U.S., Sept. 25, 2025. AFP Photo By Daily Sabah Turkey and the United States are preparing a new strategy to boost bilateral commerce toward the long-standing $100 billion trade target, focusing

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