Markets

Pound slumps to all-time low against dollar

In early Asia trade, sterling fell by more than 4% to $1.0327 before regaining some ground to around $1.05.

Betafriq moves to cement its base in Kenyan market

The new strategy will enable the company and customers to benefit.

Tesla sells most of its Bitcoin holdings

Tesla said it bought traditional currency with the $936m (£782m) from its Bitcoin sales.

Other EAC members are Kenya, Rwanda, Uganda, Tanzania, Burundi and South Sudan

•DRC’s Vice Prime Minister and Minister of Foreign Affairs, Christophe Lutundula Apala Pen’ Apala, said that the entry ...

Why the world is facing an oil shortage

•The refining industry estimates that the world lost a total of 3.3 million barrels of daily refining capacity since ...

Global stock markets fall as economy fears grow

Stocks tumble as recession fears intensifies.

Bitcoin: Why is the largest cryptocurrency crashing?

The largest cryptocurrency has fallen 25% in the past five days

Tight supply and anticipated demand push up oil prices

•U.S. gasoline inventories were down by 4.2 million barrels last week, market sources said on Tuesday, citing American ...

Uber loses $5.9bn as Asia investment values fall

Shares in Didi and Grab have plunged since listing in New York last year.

Why cooking oil prices will remain high

Indonesia says palm oil export ban will hurt other countries, but necessary.

Oil slips on fears over slowing China demand

Brent crude fell 19 cents, or 0.2%, to $111.51 a barrel.

Global oil trade still on a see-saw

•Major global trading houses are planning to curtail crude and fuel purchases from Russia  •U.S. gasoline stocks fell ...

WATCH: Bitcoin crashes by $250 billion

Crypto has taken a plunge after a steady three weeks.

Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

The acquisitions, and the anticipation of more to come, are supporting the price of bitcoin.

Russians liquidating crypto in the UAE as they seek safe havens

Some clients are using cryptocurrency to invest in real estate.

Ukraine war pushes up global oil prices

•Russia controls a sixth of the world's gas and a tenth of its oil with Europe getting 40% of its gas supplies form ...

Russia continues to bear brunt of increased sanctions

•Germany's BMW has halted the export of cars to Russia and said it would stop production there •France's ...