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India’s Rupee Slumps Amid Prolonged U.S. Trade Impasse, Investors Stay Cautious
India’s rupee has emerged as one of the worst-performing currencies globally in 2025, sliding approximately 6% against the U.S. dollar amid widening trade tensions with Washington. The currency hit a record low of 91.075 per dollar, as punitive 50% U.S. tariffs, a growing trade deficit, and significant investment outflows weighed on the market. Trade Dispute
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British Banks Race to Adopt Agentic AI, Raising New Risks for Regulators
A growing race among British banks to implement agentic artificial intelligence (AI) in retail banking is creating new challenges for regulators, particularly around consumer protection, financial stability, and systemic risk. Agentic AI, which can make autonomous decisions and execute tasks without human intervention, is seen as the next frontier in financial technology. What is Agentic
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NLC, Sowore Lead Nationwide Protest Against Rising Insecurity
Members of the Nigeria Labour Congress (NLC) have begun gathering at the NLC Secretariat in Abuja to stage a nationwide protest over the country’s worsening security situation. NLC President Joe Ajaero was among the leaders present, alongside representatives of labour unions and civil society organisations. Also participating in solidarity was Omoyele Sowore and members of
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Blackstone Leads $400 Million Investment in Data-Security Startup Cyera at $9 Billion Valuation
Private equity giant Blackstone is reportedly leading a $400 million funding round in Cyera, an Israeli data-security startup, valuing the company at $9 billion, according to the Wall Street Journal. The deal highlights growing investor interest in AI-driven cybersecurity solutions amid rising digital threats. About Cyera and Its Growth Founded in 2021, Cyera has rapidly
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Amazon in Talks to Invest $10 Billion in OpenAI, Potentially Valuing AI Firm Over $500 Billion
Amazon.com Inc (AMZN) is reportedly in discussions to invest approximately $10 billion in OpenAI, the creator of ChatGPT, in a potential deal that could value the artificial intelligence company at more than $500 billion, according to a source familiar with the matter. The talks are described as “very fluid”, reflecting the early stage of negotiations.
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OpenAI, Google, Perplexity Battle for Indian AI Users with Freebies
OpenAI, Google, and Perplexity have launched an unprecedented fight for AI users in India, rolling out free subscription plans as part of a strategy to expand their user base and gather critical multilingual training data in the world’s second-most populous nation. India, with 730 million smartphones, is a prime target for tech companies. Mobile users
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Japan’s MUFG to Invest Over $4 Billion for 20% Stake in India’s Shriram Finance
Japan’s Mitsubishi UFJ Financial Group (MUFG) is poised to make a strategic investment of over $4 billion to acquire roughly a 20% stake in India’s leading non-bank financial company, Shriram Finance, according to sources familiar with the deal. The transaction is expected to be finalized on Friday, December 19, 2025. MUFG and Shriram Finance have
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Russian Central Bank Sues Euroclear; Moscow Court to Hear Case on January 16
A Moscow court will conduct a preliminary hearing on January 16, 2026, for the lawsuit filed by the Russian central bank against the Belgian securities depository Euroclear, according to the court’s press service. The case marks a significant escalation in Russia’s legal efforts to reclaim its frozen assets held in Europe. Central Bank Seeks $230
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Bank Indonesia Holds Rates Steady, Prioritizes Rupiah Stability Amid Global Uncertainties
Indonesia’s central bank, Bank Indonesia (BI), has opted to keep its key policy rates unchanged for the third consecutive meeting, signaling a cautious approach amid ongoing global market uncertainties. The decision underscores the bank’s focus on maintaining the stability of the Indonesian rupiah while assessing the impact of previous monetary policy adjustments. Key Monetary Policy
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EBRD Secures Majority of Shareholder Capital Increase Following U.S. Approval
The European Bank for Reconstruction and Development (EBRD) has confirmed that its largest shareholders, including the United States, have committed to or already paid for a substantial €4 billion ($4.7 billion) capital increase, marking a major milestone in the bank’s expansion and investment plans. An EBRD spokesperson told Reuters: “Our largest shareholders have now either
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