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Wise shares plummet as money transfer firm faces fraud investigation
Shares in money transfer firm Wise have plummeted this morning as the fintech faces an investigation over allegations its accounts have been used for criminal activity. Prosecutors in Belgium opened an investigation last year after discovering Wise accounts had been flagged in hundreds of international criminal requests that spanned over 30 European countries. The transactions within the scope are said to amount to roughly €500m (£432m) with investigators specifically looking at whether Wis...
Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months
Hedge funds purchased US equities at the fastest pace in six months last week, as the S&P 500 Index extended its historic winning streak, according to Goldman Sachs Group Inc.’s prime brokerage desk.
More African Nations Seen Reaching Investment Grade, AfDB Says
More African countries are likely to regain or achieve investment-grade credit ratings by next year as reforms begin to deliver results and economic growth accelerates, African Development Bank President Sidi Ould Tah said.
Zambia Creditor Group Pushes Back on $1.36 Billion Bond Buyback
A group of holders of a Zambian $1.36 billion bond due 2053 is opposing a tender offer launched by the government, saying it was conducted without negotiation and would harm investors’ interests.
The Hidden Plumbing of Commodity Finance | Odd Lots
We talk about the commodity supply chain all the time. We talk about the ports and the trucks and the ships and all of that. But there's another dimension to moving commodities all around the world, which is actually paying for it. Who funds the oil tanker and what happens when that tanker is, say, stuck in the Strait of Hormuz? Commodity finance underpins production, transportation and storage of a wide variety of the things that make the modern world, but you tend to only hear about it when th...
Pakistan Outlines 4% Growth Target For Next Fiscal Year
Pakistan aims to grow at a slightly faster pace in the upcoming fiscal 2027 even as the crude price shock from the Middle East war clouds the outlook for the nation that continues to rely on support from the International Monetary Fund.
Moubayed: Strong GCC Balance Sheet Kept Ratings High
Ratings agencies reaffirmed the strong position of various GCC economies, despite the geopolitical tensions. Alia Moubayed, Managing Director: EMEA Economics & Strategy at Jefferies International spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the resilience of these economies. (Source: Bloomberg)
Nationwide Monday update as 'conditions perfect for bargain'
The Building Society released a key update on Monday morning
Unlock the Secret to Longevity: How the Mediterranean Diet Can Add 10 Years to Your Life
Imagine savoring a plate of vibrant Mediterranean dishes that not only tantalize your taste buds but also add years to your life. Discover the extraordinary health benefits of this delicious diet and how it can transform your well-being!
Why easyJet is attracting takeover interest
There is not even a deal on the table but there is little surprise in the City that easyJet has become the latest big UK name to face takeover interest.
Unveiling the Wealth: How the Richest Arab Billionaires Built Their Empires
Discover the incredible journeys of the richest Arab billionaires, who transformed their visions into monumental fortunes. From oil magnates to tech innovators, their stories will inspire and astound you!
The Hidden Plumbing of Commodity Finance
Who pays to keep stuff moving in an age of disruptions?
ECB Says Consumer Inflation Expectations Ease But Stay Elevated
Euro-area consumers’ expectations for inflation in three years fell slightly in April, offering some relief to the European Central Bank, though policymakers are still likely to raise interest rates next week.
Odd Lots: The Hidden Plumbing of Commodity Finance (Podcast)
We talk about the commodity supply chain all the time. We talk about the ports and the trucks and the ships and all of that. But there’s another dimension to moving commodities all around the world, which is actually paying for it. Who funds the oil tanker and what happens when that tanker is, say, stuck in the Strait of Hormuz? Commodity finance underpins production, transportation and storage of a wide variety of the things that make the modern world, but you tend to only hear about it when th
UK house prices fall for first time in 2026 - down 0.6% in May
UK house prices fall for first time in 2026 - down 0.6% in MayThe average UK property is now valued at £278,024, as Middle East tensions push up energy prices and mortgage rates. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Vicky Shaw Press Association Personal Finance Correspondent, Katie Elliott, Consumer Editor 08:57, Mon, Jun 1, 2026 Updated: 08:57, Mon, Jun 1, 2026 UK house prices fall for first ti...
BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy
BP Plc has agreed to dilute its stake in the A$48.7 billion Browse natural gas project by selling 5% to South Korea’s GS Energy Corp.
Adcock Faces Possible Antitrust Charges in South Africa
South Africa’s antitrust watchdog has accused pharmaceutical company Adcock Ingram Holdings Ltd. of profiteering from the Covid-19 pandemic, according to people familiar with the matter.
US Stocks Invulnerability a Concern | 3-Minute MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Landlords rush to protect income over Renters’ Rights Act fears
Landlords are racing to protect their income in response to the government’s divisive Renters’ Rights Act, which banned no-fault evictions and fixed tenancies. Private landlords have been rushing to secure income protection and rent guarantees since the reforms became law at the start of May, according to an AIM-listed firm. Rent Guarantor said it saw a 115 per cent uplift in demand for its services in May, as revenue surged to £700k. Property experts have warned that the Renters’ Right...
'Inflation man has cracked the whip again': Cong slams PM Modi over commercial LPG price hike
The Congress party has strongly criticized the Centre for increasing commercial LPG cylinder prices by up to Rs 53.50 from June 1, accusing Prime Minister Modi of burdening citizens. The opposition highlighted that commercial LPG prices have cumulatively risen by Rs 1,571.50 since the year began, also noting a Rs 11 hike in 5-kg FTL cylinders.