Western sanctions hit Russian oil exports, slashing revenue and straining budgets amid Ukraine war. Kremlin plans tax hikes and borrowing to sustain military efforts despite financial pressures.
India rushes to secure 7.7 million barrels of Russian crude before U.S. sanctions hit, creating potential shipping delays and diplomatic negotiations on oil imports.
Executives from Ecobank and Absa stress the need for increased domestic savings to boost Africa's economic growth and job creation amid a positive outlook from South Africa's banking sector.
AI stocks in 2025 see record highs, with analysts eyeing Nvidia's upcoming earnings. Concerns over high valuations and investment sustainability cast shadows over the rally.
Bank of America survey reveals investors reducing cash reserves amid financial stock downturns, raising fears of market corrections due to overvaluation and economic uncertainty.
Elliott Management buys $6.5 billion in Klarna loans to bolster the fintech's US expansion, while Deutsche Bank restructures a $350 million loan for Oyo Hotels.
South Africa's Eskom faces a critical juncture as unbundling plans are threatened by municipal debt, impacting credit ratings and financial stability, while navigating energy transition and union resistance.
Trump hosts Saudi Crown Prince MBS in Washington, focusing on defense and tech deals, highlighting complex U.S.-Saudi ties amid ethical challenges and strategic realignments.
The EU faces significant industrial risks due to heavy reliance on China for rare earths, warns industry leaders, urging immediate reshoring of supply chains.
Private credit firms face new challenges as AI advances and market stress lead to rising defaults, prompting investor caution in financing risky corporate debt.
BlackRock reshuffles its equities division, implementing a strategic overhaul amid tech market uncertainty. Tony DeSpirito departs, as firm focuses on AI and new leadership for $185 billion model.
UAE's IFFCO appoints Abdul Wahab Al-Halabi as executive chairman to manage $2 billion debt, while Abu Dhabi's Lunate aggressively expands with $13.5 billion investments.