Business News

Uber’s withdrawal from Nigeria and Uganda is highlighting the economic challenges facing ride-hailing companies across Africa, where intense competition, price-sensitive customers and pressure on driver earnings are reshaping the mobility industry. The US-based transport technology company ended its operations in both countries on September 2, 2026, following earlier withdrawals from Tanzania and Côte d’Ivoire, according to media reports. The developments raise ...

US-China AI Divide Deepens, but Global Investors Keep Capital Flowing Across the Technology Frontier September 22, 2026 — SkyPress News The United States and China are increasingly competing to build independent artificial intelligence ecosystems, yet the global financial system remains deeply connected across the two markets. American investment banks continue to participate in major Chinese technology and semiconductor fundraising transactions, while Chinese and ...

September 16, 2026 — The World Bank has appointed Nobel Prize-winning economist Michael Kremer as its next chief economist, bringing an economist known for experimental research, poverty reduction and technology-driven development into one of the institution’s most influential economic roles. Kremer, a professor at the University of Chicago, will take over as chief economist on October 1, succeeding Indermit Gill, who ...

US Inflation Shapes Markets: Dollar Firms, Wall Street Rises, Gold Rebounds and Oil Retreats 12 September 2026 | SkyPress Desk | Market Roundup Key TakeawaysU.S. consumer inflation accelerated in August, with headline CPI rising 0.4% month-on-month. Annual headline inflation held at 3.4%, while core CPI eased to 2.4% from 2.5% previously. Markets increased expectations for a Federal Reserve rate hike at next week’s meeting. U.S. ...

Forex Market Outlook EUR/USD: Euro Gains as Dollar Weakens The EUR/USD pair edged higher on Thursday as the U.S. dollar came under pressure following Christopher Waller’s comments on Federal Reserve policy. The prospect of the Federal Reserve maintaining interest rates rather than delivering another increase reduced some of the recent support for the dollar. However, the euro’s upside remained relatively measured as traders ...

Fed in Focus: Markets Brace for Jerome Powell’s Potential Final FOMC MeetingFed Chair Jerome Powell’s potentially final FOMC meeting takes center stage as markets await interest rate decisions, policy signals, and guidance on inflation, oil prices, and the future of U.S. monetary policy.While investors overwhelmingly expect the central bank to leave interest ...

Asian Markets Mixed as Fed Decision Nears, U.S.-Iran Tensions Keep Investors on EdgeInvestors weigh Federal Reserve policy outlook, surging oil prices, and escalating geopolitical risks in the Middle ...

Global Markets Face a Complex Mix of Policy and Geopolitical Risks Global financial markets are navigating a period of heightened uncertainty as monetary policy, geopolitical tensions, energy prices and currency movements increasingly influence investor sentiment. The Federal Reserve remains at the center of the global economic outlook as policymakers weigh persistent inflation pressures against signs of weakness in the U.S. labor market. ...

TRENDING: Oil Price | XAU/USD | EUR/USD | Trade War | Silver | GBP/USD | AUD/USDSkyPress Business News Desk Global Market Intelligence & Live Financial AnalysisGOLD (XAU/USD) MARKET UPDATE Date: 04/13/2026 07:04 GMTGold Struggles as Hawkish Fed Expectations Strengthen USD Pressure...

SkyPress | US Consumer Sentiment Hits Historic LowUS Consumer Confidence Falls to Historic Low Amid Rising Inflation FearsBy SkyPress News Desk | April 10, 2026...

Global Markets Rally as U.S.-Iran Ceasefire Sparks Oil Price Collapse BREAKING NEWS — Global financial markets surged on Wednesday after a temporary ceasefire between the United States and Iran eased geopolitical tensions and triggered a sharp decline in oil prices. Investor sentiment turned sharply positive after U.S. President Donald Trump announced a two-week suspension of military operations against Iran, signaling a potential ...

Analyze the upcoming EIA crude oil stocks data for February 25. We examine US oil reserves, oil price impact, and trading signals for energy market investors.    Oil price rise    As we approach the release of the Energy Information Administration’s (EIA) weekly petroleum status report on February 25, the energy market braces for another pivotal data point. For traders and investors, the EIA ...

U.S. Government Shutdown and Its Implications for the Stock Market When political disagreements in Washington threaten to shut down the U.S. government, investors often wonder what it means for stocks, bonds, interest rates, and the broader economy. A government shutdown can create uncertainty and temporary disruptions, but it does not automatically mean that the financial markets are heading for a major ...

Global Foreign Exchange Reserves: Which Countries Hold the Largest Financial Buffers? September 2026 — Foreign exchange reserves are one of the most important financial buffers held by central banks. They can help countries meet external payment obligations, support financial stability, provide liquidity during periods of market stress and, in some circumstances, assist with foreign-exchange market intervention. But the size of a country’s ...