LG Energy Solution Secures $4.3 Billion Battery Deal, Tesla Rumoured as Key Buyer.

South Korea’s LG Energy Solution (LGES) has inked a major $4.3 billion battery supply agreement, with industry sources strongly indicating that Tesla is the unnamed partner behind the blockbuster deal. In a regulatory filing, LGES announced it had secured a long-term contract to supply lithium-ion battery cells and modules to a “leading North American EV…

Read More

Toyota Slashes Annual Outlook After $9.5 Billion Tariff Blow and Profit Plunge

Toyota Motor Corporation has slashed its full-year profit forecast after revealing a staggering $9.5 billion hit from newly imposed global tariffs, coupled with currency headwinds from a stronger yen. In its latest financial update, the world’s largest carmaker reported a sharp 37% year-on-year drop in net profit for the first quarter, signalling tough times ahead…

Read More

Diaspora Capital: A Powerful Engine for Growth in Africa and the Caribbean

Diaspora communities sent an estimated $54 billion to Sub-Saharan Africa and $18.2 billion to the Caribbean in 2023. But more than ever, the diaspora wants to do more than just remit—they want to invest. From fintech startups to affordable housing, diaspora capital is emerging as a powerful yet underutilized tool for economic transformation. Many diaspora…

Read More