Trump Calls Out World Bank to Stop Loaning Money to China

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The United States President Donald Trump called for the World Bank on Twitter to stop loaning money to China. Trump wrote last Friday, “Why is...

UK Startup Uncapped Launches with €11.7M Raised

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Warsaw-based startup Uncapped officially launched Monday, Dec 2, after securing €11.7 million funds backed by Global Founders Capital, White Star Capital, and Seedcamp. The...

Art Basel Banana Sells for $120k, Eaten by Performance Artist

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Days after Italian artist Mauricio Cattelan’s duct-taped banana work called ‘Comedian’ sold for a whopping $120,000 found in Art Basel in Miami, a performance...

Indonesia Fossil Fuel Sector to Drive More Gulf Investments

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The incoming new leadership in Indonesia’s fossil fuel sector is set to entice more foreign investments, said Al Bawaba. SKK Migas, the regulator, is...

Phoenix Group Unveils Plans to Buy ReAssure for $4.3B

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Phoenix Group Holdings announced its plans last week to purchase its rival insurance company, ReAssure. The acquisition is valued at £3.2 billion, equivalent to...

Hedge Fund Billionaire Buys Palm Beach Mansion for $111M

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Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of...