Nigeria plans to raise as much as 500 billion naira ($352 million) through green bonds this year, tapping strong investor appetite as Africa’s biggest oil producer turns to climate-linked debt to fund environmental projects and diversify its financing base. Proceeds from the sale will finance projects to improve air quality, expand access to clean cooking fuels and combat deforestation, Environmen...
Nigeria plans to raise as much as 500 billion naira ($352 million) through green bonds this year, tapping strong investor appetite as Africa’s biggest oil producer turns to climate-linked debt to fund environmental projects and diversify its financing base. Proceeds from the sale will finance projects to improve air quality, expand access to clean cooking fuels and combat deforestation, Environment Minister Balarabe Abbas Lawal said Tuesday at Abu Dhabi Sustainability Week. The sales underscore growing investor demand for climate-linked assets across emerging markets from Saudi Arabia to Hungary . For Nigeria, which is pushing fiscal reforms while seeking new pools of capital, green bonds offer a way to fund climate and infrastructure projects without relying solely on traditional debt or volatile oil revenues — its main foreign exchange earner. The planned sale follows a series of oversubscribed green bond offerings by the government. Last year’s 50 billion-naira issuance drew demand of more than double the amount for sale, while Nigeria’s inaugural green bond was fully subscribed. Sign up here for the twice-weekly Next Africa newsletter, and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
There is broad support for the protests among Israeli officials, but Palestinians say they hope the Iranian regime stays in place and the protests die down soon. (Image credit: Vahid Salemi)
There is broad support for the protests among Israeli officials, but Palestinians say they hope the Iranian regime stays in place and the protests die down soon. (Image credit: Vahid Salemi)
Advanced Micro Devices (NASDAQ: AMD) stock jumped 5.7% through 10:10 a.m. ET Tuesday after KeyBanc analyst John Vinh upgraded AMD to "overweight" and assigned the semiconductor stock a $270 price target. AMD costs about $220 after today's price surge -- implying there's still another 23% potential profit remaining. Continue reading
Advanced Micro Devices (NASDAQ: AMD) stock jumped 5.7% through 10:10 a.m. ET Tuesday after KeyBanc analyst John Vinh upgraded AMD to "overweight" and assigned the semiconductor stock a $270 price target. AMD costs about $220 after today's price surge -- implying there's still another 23% potential profit remaining. Continue reading
Laureline Renaud-Chatelain, Senior Fixed Income Strategist at Pictet Wealth Management, discusses the rise in Japanese yields, yen weakness and Fed independence with Bloomberg's Guy Johnson, Anna Edwards and Tom Mackenzie on 'The Opening Trade.' (Source: Bloomberg)
Laureline Renaud-Chatelain, Senior Fixed Income Strategist at Pictet Wealth Management, discusses the rise in Japanese yields, yen weakness and Fed independence with Bloomberg's Guy Johnson, Anna Edwards and Tom Mackenzie on 'The Opening Trade.' (Source: Bloomberg)
Lalocracio/iStock Unreleased via Getty Images To capitalize on the growing demand for wearables, Meta ( META ) is reportedly in discussions with partner EssilorLuxottica ( ESLOF ) ( ESLOY ) to double production of AI-enabled Ray-Ban smart eyeglasses by the end of 2026. According to Bloomberg, Meta ( META ) and EssilorLuxottica (
Lalocracio/iStock Unreleased via Getty Images To capitalize on the growing demand for wearables, Meta ( META ) is reportedly in discussions with partner EssilorLuxottica ( ESLOF ) ( ESLOY ) to double production of AI-enabled Ray-Ban smart eyeglasses by the end of 2026. According to Bloomberg, Meta ( META ) and EssilorLuxottica (
A little over a year ago, Marvel spent the better part of an entire day slowly revealing the massive cast for Avengers: Doomsday . More recently, the studio started dropping teaser trailers featuring some of the movie's more notable superhero team-ups and returning characters . There was already plenty of hype around the project, which seems poised to rework a significant chunk of the MCU. But the...
A little over a year ago, Marvel spent the better part of an entire day slowly revealing the massive cast for Avengers: Doomsday . More recently, the studio started dropping teaser trailers featuring some of the movie's more notable superhero team-ups and returning characters . There was already plenty of hype around the project, which seems poised to rework a significant chunk of the MCU. But the House of Mouse wants to get fans foaming at the mouth for the Avengers' biggest outing yet, so now there's a clock counting down to the next time we'll see them on the big screen - which is almost a year away. Along with yet another teaser, this one … Read the full story at The Verge.
The rise of artificial intelligence (AI) has ushered in a generational growth wave for companies all across the technology arena. In particular, semiconductor stocks have been some of the greatest beneficiaries of generative AI development. When it comes to chip stocks, companies such as Advanced Micro Devices , Broadcom , and Taiwan Semiconductor Manufacturing have witnessed outsized enthusiasm t...
The rise of artificial intelligence (AI) has ushered in a generational growth wave for companies all across the technology arena. In particular, semiconductor stocks have been some of the greatest beneficiaries of generative AI development. When it comes to chip stocks, companies such as Advanced Micro Devices , Broadcom , and Taiwan Semiconductor Manufacturing have witnessed outsized enthusiasm throughout the AI revolution. Of course, there is also the king of the chip realm -- Nvidia (NASDAQ: NVDA) , which has seen its stock price rise by nearly 1,000% in just three years, propelling it to the most valuable company in the world . However, rising competition in the graphics processing unit (GPU) industry as well as the proliferation of custom application-specific integrated circuits (ASICs) from cloud hyperscalers Amazon , Microsoft , and Alphabet is slowly starting to change the narrative around Nvidia from one of an unstoppable rally to a potential headwind directed straight at its data center empire. Continue reading
Beijing Responds As Trump's Iran-Related Tariffs Risk Derailing US-China Trade Deal China sharply criticized Washington's move to levy tariffs on countries trading with the Islamic Republic of Iran, issuing a statement Tuesday - less than 12 hours after President Trump announced the punitive action on Truth Social - condemning the decision. Chinese Foreign Ministry spokesperson Mao Ning stated , "...
Beijing Responds As Trump's Iran-Related Tariffs Risk Derailing US-China Trade Deal China sharply criticized Washington's move to levy tariffs on countries trading with the Islamic Republic of Iran, issuing a statement Tuesday - less than 12 hours after President Trump announced the punitive action on Truth Social - condemning the decision. Chinese Foreign Ministry spokesperson Mao Ning stated , "China's position on the tariff issue is very clear." She said, "We have always believed that there are no winners in a tariff war . China will resolutely safeguard its legitimate rights and interests." The Chinse embassy in Washington also blasted the move, characterizing the US action as "exceeding legal frameworks." The United States will impose a 25% tariff on any nation conducting business with Iran. "Effective immediately, any country doing business with the Islamic Republic of Iran will pay a Tariff of 25 percent on any and all business being done with the United States of America. This Order is final and conclusive," Trump had declared. But this could have broader unintended consequences, and threatens to derail Washington's fragile trade deal with Beijing, which remains Tehran’s largest trading partner. According to more of the Chinese response : The world’s top two economies had secured an interim trade deal in late October that saw a roll back of punitive U.S. tariffs on China, while Beijing paused its sweeping rare earth export controls. In response to Trump’s tariff threat China said it “firmly opposes any illicit unilateral sanctions and long-arm jurisdiction,” while warning that it would take “all necessary measures” to defend its interests, according to a post on X by a spokesperson for the Chinese Embassy in the U.S. Deborah Elms, head of trade policy at the Hinrich Foundation, told CNBC that if Trump is serious about the 25% rate, "that is a massive escalation from current tariff levels." "The last time we played this game, we ended up with tariff levels at...