European markets close lower ahead of ECB meeting as global sentiment struggles
European stocks closed lower Tuesday as markets struggled to find positive momentum ahead of the European Central Bank meeting later this week.
British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.
Monzo has raised $430 million in a new funding round led by CapitalG, the independent venture arm of Google parent company Alphabet.
Binance to discontinue Nigerian currency services as legal squabble deepens
Binance on Tuesday said it will discontinue all Nigerian naira services, as the U.S. firm remains embroiled in a legal dispute with the African country.
Russia can’t reach a pro-Russian region in Moldova easily — but there are ways it can cause trouble
Russian authorities would find it hard to physically reach the breakaway region of Transnistria, but there are still ways it can stir up trouble for Moldova.
Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the IMF warning that almost one in 10 face food insecurity.
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024 as Apple faced stiff competition from local smartphone firms.
Bayer calls off break-up to tackle challenges for up to 3 years
Bayer said on Tuesday it will hold off on plans to break up the diversified group to focus instead on improving the operating performance.
Tesla shares slip 4.5% after suspected arson attack halts production at Berlin Gigafactory
It comes as Tesla’s expansion plans for its Gruenheide plant face fierce opposition.
AMD reportedly hits U.S. regulatory roadblock for China-tailored chip
Bloomberg reported the Commerce Department did not clear the chip for sale in China because it was still too advanced.
China’s 5% GDP goal is ‘attainable’ but it won’t be easy, says Hong Kong’s financial secretary
China’s 2024 GDP target of 5% is achievable, but the trajectory won’t be an easy one, said Hong Kong’s financial secretary.
