Barclays Fined $13.75mn By U.S. Regulators
LONDON, United Kingdom. Barclays investment bank is to pay more than $13.75m (£9.3m) over accusations it let…
Saudi Arabia Posts $98bn Deficit, Raises Petrol Price
RIYADH, Kingdom Of Saudi Arabia. Saudi Arabia on Monday said this year’s budget deficit amounted to $98…
Ericsson Settles Patent Lawsuits With Apple
LONDON, United Kingdom. Ericsson, a Swedish telecoms giant, has finalised a seven-year licensing agreement with Apple –…
Nigeria Bans Credit Card Use Abroad
ABUJA, Federal Republic of Nigeria. Nigeria’s central bank has ordered commercial banks to stop customers from using…
Ukraine Will Not Pay $3bn Loan Owed To Russia By Deadline
LONDON, United Kingdom. Arseniy Yatsenyuk, the Ukrainian prime minister, has said his country will not repay a…
Canadian Start-Up Sells Bottled Air To China, Says Sales Booming
WASHINGTON, United States. Is imported air the solution to China’s smog problem? A Canadian company selling air…
U.S. Fed Hikes Interest Rates For First Time In A Decade
WASHINGTON, United States. It’s official: The Federal Reserve thinks the U.S. economy is ready to walk under…
Russia Is Bracing For $30 Oil In 2016
WASHINGTON, United States. Russia is planning for oil prices to drop to $30 per barrel in 2016.…