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Zimbabwe’s Gold-Backed Currency Gains Reserve Strength, But Public Trust Lags
Zimbabwe’s central bank has reported that the country’s newly introduced gold-backed currency, the Zimbabwe Gold (ZiG), now enjoys over 100% reserve coverage, which has...
France’s BPCE to Acquire Portugal’s Novo Banco in €6.4 Billion Cross-Border Banking Deal
A major acquisition agreement has been reached by France’s BPCE to purchase Portugal’s Novo Banco in a transaction valued at €6.4 billion ($7.39 billion)....
Foreign Exchange Reserves in China Edge Up Slightly in May Amid Currency Market Volatility
A marginal increase in China’s foreign exchange reserves was recorded in the month of May, though the rise remained below the levels anticipated by...
Britain Commits £200 Million to Scotland’s Acorn Carbon Capture Project in Push Toward Net Zero
The United Kingdom has committed to investing £200 million (approximately $272 million) into the Acorn carbon capture and storage (CCS) project located in St...
AirAsia Nears Major Jet Purchase Deal with Airbus in Strategic Fleet Shift
AirAsia, the Malaysia-based low-cost airline, was reported to be nearing the final stages of negotiations to purchase at least 100 Airbus aircraft, in what...