Trafigura warns of further ‘turbulence’ in commodities markets
Trading house reports interim profit of $1.5bn and pays out same amount in dividend to its 1,400 employee shareholders
Economic news
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UK fintech Wise to switch main listing to New York
Fresh blow to London market struggling to compete with Wall Street
Nigeria’s PalmPay thrives on ‘ultimate competition’ of cash
Chinese-backed payment app has focused on customers excluded by traditional banks, growing to 35mn users
Biden’s activist treasury issuance continues under Trump
Despite past criticism by Scott Bessent and Stephen Miran, the debt strategy persists and is spreading internationally
Fossil fuel spending to fall for first time since pandemic
Decline is led by oil sector, where lower prices are forcing companies to reassess their plans, says IEA