Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa’s largest economy looks to recover from a historic currency crisis and soaring inflation.
Cocoa prices hit $10,000 per metric ton for the first time ever
Cocoa prices reached a record on Tuesday as high demand and supply constraints fuel prices higher.
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
CNBC Daily Open: Inflation isn’t coming down fast enough
Inflation in the U.S. isn’t coming down fast enough as price pressures within the economy persistently linger.
Ukraine war updates: Russia’s intelligence chief claims U.S., U.K. and Ukraine were behind Moscow terrorist attack
Top Russian officials, including President Vladimir Putin, continue to make unsubstantiated claims that Ukraine and the West were behind a Moscow terror attack.
New Zealand accuses China-backed hackers of cyberattacks on parliament
New Zealand and the Australian Government have echoed U.S. and British accusations of “malicious cyber activity” allegedly carried out by China.
A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
A global gold rush is underway for a long-overlooked resource that advocates say could play a significant role in the shift away from fossil fuels.
Apple could double down on China market, Wedbush says, as iPhone sales drop
Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday.
Indian bonds are set to be added to global indexes. Here’s why it could be a gamechanger
Recent inclusions could lead to billions of dollars worth of inflows into India’s rupee-denominated government debt, ease bond yields, all while supporting the local currency.
