In July 2022, Angola awarded a 30-year railway concession to a European consortium, rejecting a Chinese bid, while the US government announced over $560 million in funding for the Lobito Corridor project, aimed at enhancing mineral transport from Central Africa. President Biden emphasized the project's potential to drive economic growth and create jobs, while regional leaders highlighted the importance of local processing of minerals to benefit their economies. The Lobito railway, historically significant but troubled, is being revitalized to connect Zambia's copper mines to the coast, competing with Chinese infrastructure efforts.
McDonald’s is working to regain customers who reduced their visits following an E. coli outbreak disclosed on October 22. While the majority of diners continued to frequent the chain, a small number have stayed away, according to Joe Erlinger, president of McDonald's US.
Marks & Spencer Group Plc has received approval to demolish its flagship store on Oxford Street, a decision deemed essential for the site's future. The approval comes after a lengthy dispute, with previous interventions from former housing secretary Michael Gove and support for preservation from campaigners like Bill Bryson.
The European Central Bank is aiming to expedite the approval process for significant risk transfers (SRTs) to help banks capitalize on increasing demand for these transactions. Under proposed changes, banks could submit SRT information just two weeks before deal completion, a reduction from the current three-month requirement.
President-elect Donald Trump has nominated Paul Atkins as the next chair of the U.S. Securities and Exchange Commission (SEC), signaling a shift from Gary Gensler's enforcement-heavy approach to a more collaborative and innovation-friendly regulatory environment. Atkins, a former SEC commissioner and founder of a consulting firm advising crypto companies, is expected to bring clarity and support to the cryptocurrency industry, which has faced uncertainty under strict regulations. His nomination has already positively impacted the crypto market, with Bitcoin surpassing $100,000 following the announcement.
South Africa must cease making excuses for its struggling economy and focus on addressing the underlying issues, according to the South African Chamber of Commerce and Industry. The group highlighted the country's difficulties in implementing an effective recovery program, particularly in light of recent GDP data.
UBS has maintained a "Buy" rating for Walmart, setting a target price of $100 following discussions with the company's management. Analyst Michael Lasser noted that Walmart's business model is becoming less risky while simultaneously increasing profitability.
18:22 05.12.2024
Chinese tech company Meitu has sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, just before Bitcoin surpassed $100,000. The company plans to distribute 80% of the net profits as a special dividend to shareholders while shifting its focus to expanding its AI-driven photo and video editing business. Bitcoin recently hit a historic milestone, briefly reaching $103,000, driven by optimism surrounding a pro-crypto environment in the US following Donald Trump's announcement of a new SEC head.
The Swiss economy experienced a modest growth of 0.2% in the third quarter, supported by rising real incomes and private consumption, despite global economic challenges. While the chemicals and pharmaceuticals sectors show resilience, other industries, particularly automotive manufacturing, face export declines due to weak EU demand and a strong franc. The Swiss National Bank is responding to economic risks by considering interest rate cuts to mitigate upward pressure on the currency.
18:15 05.12.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings