In a dramatic turn of events, Kenyan President William Ruto has ordered the cancellation of major contracts with India’s powerful Adani Group. This decision came just one day after the company’s chairman, Gautam Adani, was charged with fraud in the United States. The charges accuse him of bribing government officials
The Adani Group, one of India’s largest business empires, is in deep trouble. The company has lost around $26 billion in market value after the US Department of Justice (DOJ) accused its founder, Gautam Adani, and key executives of bribery and fraud. Adani Enterprises, the flagship company of the group,
Geologists in southern China have made a groundbreaking discovery—a massive gold deposit containing over 1,000 tons of gold! The find, located in the Wangu gold field in Pingjiang County, Hunan Province, was revealed by China’s official Xinhua news agency on Thursday, citing the region’s geological bureau. What Makes This Discovery
When you think of a bank, you imagine a place of trust and responsibility. But for nearly a decade, TD Bank, the U.S. branch of Canada’s Toronto-Dominion Bank, played a very different role. This major bank didn’t just fail to prevent crime—it actively became a gateway for some of the
In a major move before leaving office, President Joe Biden has decided to cancel $4.7 billion worth of loans given to Ukraine. These loans, initially funded by American taxpayers, were part of a larger financial aid package meant to help Ukraine during its ongoing conflict with Russia. This decision has
Wealth around the world isn’t shared equally. Some countries have lots of rich people, while others are still struggling to get by. This big difference in how wealth is spread comes from things like how developed a country is, the resources available, and how easy it is for people to
India’s central bank, the Reserve Bank of India (RBI), is taking a bold step to revolutionize the country’s digital infrastructure. By 2025, the RBI plans to launch its own cloud services, aiming to protect sensitive financial data and reduce the country’s reliance on foreign technology companies like Amazon, Google, Microsoft,
Starting January 2026, businesses selling important items like groceries, medicines, and fuel will have to accept cash payments from customers—unless they get a special exemption. This new rule is part of a government plan to ensure that people who still rely on cash can continue using it for essential purchases,
Germany has been facing tough economic challenges in recent years, with its competitiveness declining and industrial output dropping. This problem became even worse after Germany decided to stop importing energy from Russia in 2022, a decision that many say was short-sighted. As a result, opposition politicians are now blaming Germany’s
