Sophia Patel — Business & Finance Editor 
Backed by Africa’s richest man, Aliko Dangote, the company recently secured $2.5 billion in a heavily oversubscribed private equity placement. Nigeria’s massive Dangote oil refinery has submitted initial filings with the Nigerian capital markets regulator as it moves toward what is projected to be Africa’s largest market listing in history. The company aims to raise … Read more
Palantir shares surged up to 16% in premarket trading on Tuesday, after the enterprise software giant reported second-quarter revenue grew 93% year-over-year to $1.94 billion. Co-founder and CEO Alex Karp attributed the blowout results to soaring demand for sovereign artificial intelligence tools. Palantir delivered one of its strongest financial performances to date in the quarter … Read more
Gold prices in Egypt exhibited mixed movements and relative stability on Tuesday, August 4, 2026, as domestic markets balanced local currency fluctuations with shifts in global bullion values, according to Youm7. While some platforms reported slight upward adjustments driven by early global gains, other tracking data noted downward pressure that kept prices moving within a … Read more
The South African National Roads Agency (SANRAL) is returning to a traditional open tender system for routine road maintenance after the Gauteng High Court declared its contractor panel procurement model unconstitutional and unlawful on July 20, 2026, following legal challenges by unsuccessful bidders BCB Solutions and Botle Ba Afrika. By attempting to slash its contractor … Read more
The Haunted Bookshop, a Bristol-based independent store specializing in horror, fantasy, folklore, and the occult, is seeking to raise £20,000 to avoid closure. Owner Monika Killer launched a crowd fundraiser to address essential bill arrears caused by cost-of-living pressures and a heatwave-driven drop in footfall. After two years of operation in Bristol, the shop has … Read more
Developing nations in Africa and Asia are intensifying demands for an overhaul of the global tax system during the fifth negotiating session of the United Nations Framework Convention on International Tax Cooperation, held from August 3 to 13, 2026, in New York, to combat systemic inequities and fund public services. The current international tax architecture … Read more
This result slightly missed the 1.4% gain expected by Wall Street analysts, as the company faces a challenging economic backdrop and continued financial strain on low-income consumers, according to Yahoo Finance. The numbers coming out of McDonald’s latest quarter reflect a company fighting for momentum in a tightening economy. While the chain managed to keep … Read more
On August 4, 2026, Deputy Prime Minister and Minister of National Defence General Phan Van Giang presented a proposal to the National Assembly to amend nine military and defense laws. The reforms focus on restructuring officer ranks, adjusting retirement ages for local military commanders, and tightening penalties for draft evasion. The legislative overhaul is a … Read more
India’s private sector manufacturing activity expanded at its slowest pace in nearly five years in July, with the HSBC India Manufacturing PMI falling to 53.5 from 54.2 in June. The decline was driven by slowing sales and job creation, though the sector maintained its 57th consecutive month of expansion. The manufacturing sector is showing signs … Read more
HDFC Bank and ICICI Bank increased interest rates on Foreign Currency Non-Resident (Bank) fixed deposits to 6.25% in August 2026. The move follows a Reserve Bank of India announcement that the government will bear hedging costs for three-to-five-year deposits until September 30, 2026, allowing banks to offer higher tax-free returns to NRIs. The race for … Read more