EthiopiaAlphabet, the parent company of Google, has reported a negative free cash flow for the first time in its history. According to reports, this milestone is attributed to significant investments in artificial intelligence infrastructure and other business initiatives. The company's financial performance has been closely watched by investors and analysts, with many expecting a strong year.
GhanaA Hong Kong woman has lost a total of HK$24.4 million to cryptocurrency and online romance scams. According to reports, the woman lost HK$21.5 million in a cryptocurrency scam and HK$2.9 million in an online romance and fake app scam. The incidents highlight the risks of online financial transactions and the importance of being cautious when interacting with strangers online.
GhanaThe Ghana Standards Authority (GSA) has equipped its Tamale office with a cable testing machine to detect substandard cables. This move aims to improve the quality of electrical cables in the country. Certified electricians have been urged to embrace electric vehicle and solar technologies. The GSA has also warned certified electricians against renting their certificates to unqualified individuals.
EthiopiaAt least two Hong Kong residents have lost significant amounts of money in separate scams. A woman lost HK$21.5 million in a cryptocurrency scam, while a retired woman fell victim to a $2.9 million online romance scam. The incidents highlight the ongoing threat of financial scams targeting residents in the city.
EthiopiaSoundHound AI's stock has declined by 41% this year, with recent drops of 3.47% and 6.5% in two separate sessions. The company's value has been erased by $160 million. The stock's performance has been compared to that of BigBear.ai, with investors weighing the potential of each AI stock.
GhanaAmazon has launched its early Prime Deals, offering discounts on various products, including foldables and flagship smartphones. The deals feature brands such as Ninja, Apple, and Carhartt, with savings of up to 56% off. The early Prime Deals are part of the lead-up to the main Prime Day event, which is expected to take place in October. Consumers can take advantage of these deals before the main event, with options available on Amazon's website.
GhanaThe US Federal Reserve is set to release minutes from its recent meeting, providing valuable insights into its future interest rate hike decisions. The release is expected to shed light on the Fed's inflation concerns and rate hike prospects. This information is crucial for investors and traders, as it will help them gauge the Fed's monetary policy stance. The minutes are scheduled to be released this week.
EthiopiaThe price of Bitcoin has fluctuated below $85,000 due to a tug-of-war between ETF inflows and whale selling. This has led to a risk-on mode among crypto traders, with Bitcoin's dominance nearing a return to 60%. The market has been volatile, with some cryptocurrencies, such as QNT and NIGHT, defying the market correction.
GhanaGhanaian investors are considering investing in Nvidia and Broadcom, two semiconductor companies, to capitalize on the growing demand for artificial intelligence (AI). According to reports, a $10,000 investment split between the two companies could be worth significantly more by 2030. The investment decision is influenced by the companies' involvement in AI and their potential for growth in the semiconductor market.
EthiopiaIn the Ethiopian market, BlackRock's IBIT took in $196 million in a day, while Fidelity's FBTC had only one positive day all week. This follows a recovery in Bitcoin ETF inflows in the third quarter, with 2026 remaining near flat overall. Retail stock buying has hit a two-year low, but crypto ETFs have seen fresh inflows, with over $1.5 billion in Bitcoin tops BlackRock holdings in one month.
GermanyGermany has released oil and diesel reserves in an effort to combat high fuel prices. According to reports, the move is intended to alleviate the financial burden on consumers. However, experts warn that the impact may be short-lived. The Straße von Hormus, a strategic waterway, has also seen an increase in oil shipments, but prices remain high.
EthiopiaCircle, a leading stablecoin issuer, is pushing the European Union to reconsider its regulations on stablecoin reserves. The company wants to scrap the requirement for stablecoins to hold 30% of their reserves in traditional bank deposits. Instead, Circle suggests using a liquidity test to ensure stablecoins can meet their obligations.
GermanyCitroën is reviving its iconic 2CV model with an electric version, marking the brand's first major comeback in 78 years. The new electric 2CV concept was unveiled at the Paris Motor Show 2026. The move aims to appeal to environmentally conscious car buyers and capitalize on the growing demand for electric vehicles. The concept offers a modern take on the classic design, blending retro charm with cutting-edge technology.
EthiopiaThe Indian stock market continued its downward trend, with the Sensex falling 1,671 points. This marks the eighth consecutive week of losses for the market. Analysts predict that the Sensex may find support at 71,000-71,200, while the Nifty may target 22,800. The market's decline has resulted in a loss of Rs 39 lakh crore. The market is expected to remain flat in October due to global headwinds.
GermanyTesla CEO Elon Musk has acknowledged that the company's robotaxis struggle with nighttime visibility, with some vehicles only traveling for 10 minutes before returning to base. According to reports, Tesla is working to prevent accidents involving animals at night. The issues have been reported in the US, where Tesla has been testing its Cybercab service. The problems highlight the challenges of developing autonomous vehicles for real-world conditions.
Hong KongThe Hong Kong property market is experiencing a slowdown, with a decrease in the number of buyers and a decline in prices. According to reports, property agents are still claiming that the market is stable, but residents are no longer believing them. Meanwhile, some areas in Hong Kong are experiencing a slight increase in property prices, and experts predict a potential recovery in the residential market.
EthiopiaThe US natural gas production reached a record high in July 2026, according to the US Energy Information Administration (EIA). This milestone was achieved despite milder weather conditions, which typically lead to lower demand for natural gas. The increased production is a significant development in the US energy sector.
GermanyPorsche is reportedly shifting its focus back to gasoline-powered cars, despite its ongoing electric vehicle (EV) offensive. According to reports, the company plans to reintroduce a gasoline-powered Macan in 2028, while the iconic 911 will remain available with a gasoline engine option. This move has sparked debate about Porsche's strategy and commitment to EVs.
EthiopiaASML, a Dutch company, and Taiwan Semiconductor Manufacturing Company, a leading chipmaker, are at the forefront of artificial intelligence development. According to reports, ASML's machines are crucial for producing AI chips. Analysts recommend investing in semiconductor stocks, including ASML, ahead of earnings. The companies' AI ties have sparked interest among investors, with some highlighting the potential for growth and others expressing concerns about the industry's dependency on a single machine manufacturer.
GhanaCarpoint has unveiled a luxurious shooting brake conversion of the classic Porsche 944, dubbed the GT-K44. The €100k+ vehicle boasts a sleek design and is priced similarly to a new 911. The GT-K44 is a result of a concept first proposed in 1981, with the conversion taking inspiration from the original idea.
Hong KongTaiwan Semiconductor Manufacturing Company (TSMC) is reportedly considering building a chip factory in Texas, with an estimated investment of at least $20 billion. The project would be a significant expansion of TSMC's presence in the US, potentially surpassing the European Union's investment. TSMC is also in talks with Elon Musk's Terafab to collaborate on a superchip project.
Hong KongHong Kong's electric charging infrastructure has reached a record-breaking scale, with many idle on weekdays. However, during the recent National Day holiday, many electric vehicle owners experienced long wait times and limited charging capacity. The issue has affected various highways and service areas, with some drivers waiting for up to 5 hours to charge their vehicles.
Hong KongThe Hong Kong government has announced a 2.35% increase in the minimum wage for foreign domestic workers, raising it to HK$5,220. The decision was made by Secretary for Labour and Welfare, Sonny Sun, who stated that the increase is 'reasonable and moderate'. The food allowance for these workers remains unchanged at HK$1,236.
FranceA business owner in Dordogne, France, has provided a 600-euro transport bonus to his employees, citing the difficulties of the current fuel prices. The move comes as the French government has introduced various aid packages for individuals affected by the high fuel costs. The situation has sparked discussions about the effectiveness of these measures and potential future support.