Author: Press Room

A technical glitch let customers of an Ethiopian bank take out or transfer more money they had in their accounts.Long queues formed at ATMs as news spread in the early hours of Saturday morning that unlimited withdrawals could be made from the Commercial Bank of Ethiopia (CBE), the reports said.Several hours went by before the bank halted transactions and police cleared crowds around ATMs, BBC News reported, citing a local student.Much of the cash was taken by university students, the bank’s president Abie Sano said at a press conference on Monday, the outlet reported. Universities have encouraged students to return…

Saudi Arabia’s futuristic and highly ambitious Neom megacity has been billed by officials as a place where people can “dream big.”First announced in 2017, Neom is being constructed in Tabuk, located on the northern tip of the Red Sea.In February, the Kingdom released a promotional video sharing updates on Neom’s progress. The video claimed the project was “progressing rapidly,” adding that “millions of cubic meters of earth and water” were being moved each week.Denis Hickey, the chief development officer for The Line, said: “We’ve done a lot of the foundation work literally and figuratively. We are ready to go. I…

Eldorado Gold Corporation (NYSE:EGO) Q1 2024 Earnings Conference Call April 26, 2024 11:30 AM ET Company Participants Lynette Gould – Vice President of Investor RelationsGeorge Burns – President and Chief Executive OfficerPaul Ferneyhough – Executive Vice President and Chief Financial OfficerLouw Smith – Executive Vice President of Development, GreeceSimon Hille – Executive Vice President, Technical Services and Operations Conference Call Participants Cosmos Chiu – CIBC World MarketsMike Parkin – National BankKerry Smith – Haywood SecuritiesDelvin Xie – Scotiabank Operator Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold First Quarter 2024 Results Conference Call.…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The US is rushing more Patriot missiles to Ukraine and will spend $6bn to build up domestic weapons manufacturing to support Kyiv, as the Joe Biden administration begins parcelling out funds unlocked by Congress this week.Lloyd Austin, the defence secretary, and CQ Brown, chairman of the joint chiefs of staff, on Friday said the $6bn would procure military aid from US defence companies, which means it will take longer to reach Ukraine but should shore up its defences over a longer…

President Joe Biden went on “The Howard Stern Show” on Friday and repeated his familiar story about the time he supposedly “got arrested” trying to defend the civil rights of Black Americans. As in the past, Biden told the story on Friday while recounting what his mother supposedly said while urging him to accept Barack Obama’s 2008 offer to be his running mate. His mom, he said, did not want him to turn down a man who was vying to become the first Black president. Biden told Stern: “She said, ‘Joey, let me — remember’ — true story, she said — ‘Remember when…

Atlassian (NASDAQ:) Corporation (NASDAQ:TEAM) Co-CEO and Co-Founder, Scott Farquhar, has recently sold a significant amount of company stock, transactions totaling over $1.5 million. The shares were sold on March 22, 2024, under a prearranged trading plan.The sales were executed in multiple transactions at varying prices. The shares were sold at prices ranging from $192.18 to $194.72, reflecting the dynamic nature of the market on the day of the sale. The total value of the shares sold by Farquhar amounted to approximately $1,588,326.Investors often keep a close eye on insider transactions as they may provide insights into the executive’s view of…

When a spouse or life partner dies, it’s only natural that the survivor will be grieving and lonely. To add injury to insult, the survivor usually also experiences a money crunch. And the odds are the survivor will be a woman in her 80s or 90s, when she’ll be less resilient to deal with the challenges. Like all retirement planning challenges, you’ll do better with a plan! Let’s take a look. What Is The Retired Widow’s Money Crunch? The financial challenge for survivors is that their retirement income usually drops significantly after one spouse or partner passes away, yet most…

Mortgage rates increased slightly this week as demand continues to wane amid the ongoing housing affordability crisis. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.82% this week from 6.79% last week. The average rate on a 30-year loan was 6.28% a year ago.At the same time, the average rate on the 15-year fixed mortgage ticked down to 6.06% after coming in last week at 6.11%. One year ago, the rate on the 15-year fixed note averaged 5.64%. REAL ESTATE EXPERT WARNS ‘NO SIGNS’ HOUSING AFFORDABILITY WILL…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of Apr. 15, 2024, average private student loan rates increased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans. 10-year fixed rate: 10.45%, up from 9.40% the week before, +1.055-year variable rate: 7.75%,…

Check out the companies making headlines in midday trading: Microsoft — Shares jumped 2% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a $70 billion buyback. Earnings of $1.89 per share beat the $1.51 in earnings per share anticipated by analysts polled by LSEG. Revenue of $80.54 billion surpassed expectations of $78.59 billion. Exxon Mobil — The energy stock fell more than 2% after Exxon Mobil posted first-quarter…