Author: Press Room

In SummaryThe total capital raised in the African venture capital market will reach $3.99 billion by the end of 2025. While the number of venture capital deals decreased, the capital share for West Africa was the highest of any region in Q1 2025. Southern Africa led regional activity with 37% of transactions, followed by East Africa (34%), West Africa (31%), and North Africa (27%). Deep Dive!!Within the last decade, Africa has emerged as a dynamic frontier for innovation, entrepreneurship, and digital transformation. With a growing population, increasing mobile penetration, and an expanding pool of young, tech-savvy talent, the continent presents an attractive destination…

Joel Le Scouarnec tells court he committed ‘despicable act’ in another mass rape case that shocks France.A French court has sentenced a retired surgeon to 20 years in prison for raping or sexually abusing nearly 300 victims, many of them children under anaesthesia, over 25 years of his career in another case of years-long abuse that has rocked the nation. The conviction and sentencing on Wednesday in the Brittany court capped what is widely seen as the worst case of abuse of children that has ever gone to trial in modern France. It comes after 51 men were convicted of…

The eldest daughter of longtime Democratic Sen. Jeanne Shaheen of New Hampshire is taking a step to follow in her mother’s political footsteps.Stefany Shaheen on Wednesday declared her candidacy for the U.S. House in the open seat race in New Hampshire’s competitive 1st Congressional District.The younger Shaheen wasted no time in targeting President Donald Trump, Elon Musk, who has been steering Trump’s Department of Government Efficiency (DOGE), Health and Human Services Secretary Robert F. Kennedy, Jr, and Republicans in Congress.In a campaign launch video, Shaheen spotlighted her efforts as a healthcare advocate for her daughter Elle, who has Type 1…

A 13-year-old Ohio boy died Monday after falling off a Memorial Day parade float in Green, Ohio.The Summit County Sheriff’s Office confirmed Matthew Schultz’s death on Tuesday, saying the seventh-grader fell from the front of a trailer float being hauled by a Ford F-150 and was struck by the trailer’s tires around 11:23 a.m. Monday while the float was moving at 5 mph or slower.There were a total of seven children, ranging in age from 7 to 13, and two adults riding the trailer during the parade.”Matthew was a fun, loving, Star Wars-obsessed, fruit snack-loving, amazing young man,” a GoFundMe…

A veterinarian at Guelph Animal Hospital has rescued a puppy that was attacked by a machete in St. Lucia. Dr. Renee Fleming said five-month-old Gabriel was left on a remote beach after the attack two weeks ago.Fleming returned with the pup to Guelph, Ont., on Sunday, and said he’s been doing well despite his injuries.“We were in quite late last night (Sunday), he had a good night sleeping and he’s been here with my team. I don’t think he’s spent more than five minutes in his kennel, he’s been in everybody’s arms. He’s just such a sweetheart,” Fleming said.Gabriel, a…

NEWYou can now listen to Fox News articles! Alex Palou is on top of the open-wheel racing world as he won Sunday’s Indianapolis 500 for the first time in his career and notched his fifth win in six IndyCar races this season.Palou appeared to be cemented in his IndyCar seat for the foreseeable future as he made clear that joining Formula 1 wasn’t in the cards. Alex Palou, of Spain, celebrates with fans after winning the Indianapolis 500 auto race at Indianapolis Motor Speedway in Indianapolis, Sunday, May 25, 2025.  (AP Photo/Michael Conroy)”(F1) is not calling me anymore. I still…

Wall Street’s main indexes were subdued on Wednesday after a sharp rally in the previous session sparked by easing trade tensions, as investors awaited AI leader Nvidia’s results and minutes from the US Federal Reserve’s last policy meeting.Nvidia is expected to report a 66.2 per cent surge in first-quarter revenue, according to data compiled by LSEG. Shares of the chipmaker rose 0.2 per cent ahead of its earnings, due to be released after markets close.”There’s kind of wait and see for Nvidia earnings tonight, which have become one of the big macro market movers, both because of the leverage to…

TOKYO: Japan’s struggling Nissan is considering raising more than 1 trillion yen (US$7 billion) from debt and asset sales, which would include a syndicated loan guaranteed by the British government, Bloomberg News said on Wednesday (May 28). The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, including high-yielding US dollar and euro notes, Bloomberg News said, citing documents it had seen. Nissan is also considering taking out a 1 billion pound (US$1.35 billion) syndicated loan guaranteed by UK Export Finance, the report said. UK Export Finance is a government agency…

Many digital asset firms are trying to emulate software group Strategy’s success

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A stablecoin is a stablecoin, much like a cigar can be just a cigar. But which non-crypto thing does it most closely resemble? A bank deposit? A money-market fund? A cash ETF? Over on Unhedged, the question has been causing Robert Armstrong a little trouble over the last couple of days. On one hand, stablecoins certainly look and act like they’re doing things that banks do, like issuing runnable liabilities and facilitating payments. On the other hand, it would be extremely inconvenient…