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Klarna has secured $2.5 billion in new funding in a round led by SoftBank Vision Fund 3, according to Reuters. The Swedish buy-now-pay-later company was valued at about $15 billion in the…
The BRICS New Development Bank said it will issue local-currency bonds in South Africa and Brazil as it looks to raise funds in markets facing fresh currency volatility. The move reflects how tighter…
South Africa’s rand slipped for a third consecutive session on Friday after reports that BRICS finance ministers could not agree on new funding for the New Development Bank. The currency touched an…
The eurozone economy expanded modestly in the latest quarter, offering a sign of resilience as policymakers in Brussels and Frankfurt continue to weigh the region’s slower growth outlook. The pickup…
Palestinian medics said Israeli forces shot and killed three Palestinians during clashes in the occupied West Bank on Saturday, leaving several others wounded. The incident adds to a rising toll of…
The Federal Reserve, European Central Bank and Bank of England all left interest rates unchanged at their latest meetings, underscoring a cautious approach as inflation pressures continue to ease.…
The European Central Bank left its key deposit rate unchanged at 2.0% on Thursday, keeping borrowing costs steady as officials wait for inflation pressures to ease further. The decision matched…
South Africa’s rand strengthened on Friday after the New Development Bank signaled plans to expand lending in local currencies across BRICS economies later this quarter. The currency rose 0.6%…
European Central Bank President Christine Lagarde said the bank is likely to keep interest rates unchanged in the near term as policymakers wait for clearer economic signals. She pointed to ongoing…
Warner Bros. Discovery is in advanced discussions to sell its Burbank studio lot to Netflix, according to people familiar with the matter. The potential transaction could value the property at more…
The European Central Bank left interest rates unchanged on Thursday, reflecting growing caution among policymakers as inflation in the euro zone remains stubborn. The decision signals that the bank…
Average two-year fixed mortgage rates in the UK have dropped to 4.18%, their lowest point in 18 months, after the Bank of England signaled that borrowing costs could fall again later this summer. The…
