Category: business
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Key Japanese Official Approves Partial Restart of World’s Largest Nuclear Power Plant
TOKYO, November 21, 2025 – Japan took a major step toward reviving its nuclear energy sector as Niigata Prefecture Governor Hideyo Hanazumi approved a partial restart of the Kashiwazaki-Kariwa nuclear power plant, the world’s largest nuclear facility. The decision clears the final major regulatory hurdle for Tokyo Electric Power Co (TEPCO) (9501.T) to restart one
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Oil Prices Drop Over 1% Amid US Push for Russia-Ukraine Peace and Rate Uncertainty
LONDON, November 21, 2025 – Oil prices fell for a third consecutive session on Friday, with Brent crude down 1.3% to $62.55 a barrel and U.S. West Texas Intermediate (WTI) crude down 1.6% at $58.08, as the United States pushed for a Russia-Ukraine peace deal while global investors remained cautious amid uncertain interest rate expectations.
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Tullow Oil Shares Plunge to Record Low Amid Dim Production Outlook and Debt Refinancing Talks
LONDON, November 21, 2025 – Shares of Tullow Oil (TLW.L) hit a record low on Friday after the West Africa-focused oil producer warned that 2025 production will likely fall at the lower end of its forecast. Mounting debt pressures, delayed payments from the Ghanaian government, and ongoing debt refinancing talks contributed to a sharp decline
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EU Can Counter Trump’s Tariffs Through Domestic Trade, Says ECB’s Christine Lagarde
FRANKFURT, November 21, 2025 – The European Union (EU) can offset the negative impact of U.S. trade tariffs by reducing internal barriers among its member states, according to European Central Bank (ECB) President Christine Lagarde. Speaking at Euro Finance Week in Frankfurt on Friday, Lagarde emphasized that boosting intra-EU trade could help the bloc maintain
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Bitcoin Rebounds After Falling Below $90,000, a Seven-Month Low
SINGAPORE/LONDON, November 18, 2025 – Bitcoin found some footing on Tuesday, rebounding slightly after dipping below $90,000, its lowest level in seven months. The risk-sensitive cryptocurrency has now lost nearly all of its gains for 2025, trading approximately 26% below its peak above $126,000 in October. Bitcoin was last trading at $93,532, after briefly hitting
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Investors Pull Record $523 Million From BlackRock’s Flagship Bitcoin ETF Amid Market Turbulence
BENGALURU, November 19, 2025 – Investors withdrew approximately $523 million from BlackRock’s iShares Bitcoin Trust (IBIT.O) on Tuesday, marking the largest single-day outflow in the fund’s history, according to data from Farside Investors. This significant withdrawal underscores growing volatility in cryptocurrency markets and highlights shifting investor sentiment toward digital assets. Bitcoin Falls to Seven-Month Low
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Tech Stocks Poised for Record $75 Billion Inflow in 2025, Says BofA
LONDON, November 21, 2025 – Technology stocks are on track to attract a record-breaking $75 billion inflow in 2025, according to Bank of America’s (BofA) latest weekly flow report. Despite concerns about high valuations and recent market volatility, investor appetite for tech remains remarkably strong, highlighting the sector’s enduring appeal in global markets. Tech Sector
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Risk-On Investors Flock to Uganda Amid Frontier Market Rally
London/ Johannesburg – Uganda is emerging as a hot destination for offshore investors seeking higher yields in frontier markets, as global risk-on sentiment pushes capital into smaller, higher-risk emerging economies. More than $2 billion of Uganda’s domestic government bonds are now held by foreign investors—a record—while countries such as Egypt, Nigeria, and Kazakhstan also attract
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COP30 Draft Deal Omits Global Fossil Fuel Transition Plan, Focuses on Climate Finance
Belem, Brazil – A draft text for the COP30 United Nations Climate Change Conference released on Friday has dropped an earlier proposal to develop a global plan for transitioning away from fossil fuels, a key point of contention among nearly 200 participating nations. The omission comes despite pressure from dozens of countries, including Germany, Kenya,
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Indian Rupee Hits Record Low Amid US-India Trade Tensions and Fed Rate Outlook
Mumbai, India – The Indian rupee slipped to a lifetime low against the U.S. dollar on Friday, pressured by a sluggish risk appetite, fading expectations of a Federal Reserve rate cut, and ongoing uncertainty surrounding the U.S.–India trade impasse. The currency touched ₹88.83 per dollar, surpassing its previous all-time lows of ₹88.80 recorded in late
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