US stock markets faced a significant downturn on Friday, driven by declines in tech stocks such as Broadcom and Nvidia. The S&P 500 dropped by 1.7%, and the Nasdaq fell by 2.6%. A weaker-than-expected jobs report added to economic worries, prompting speculation about future Federal Reserve interest rate cuts.
Indian education technology company Byju's auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju's said on Saturday.
Gold rate today: According to the CME FedWatch tool, traders currently see a 73% chance of a 25-bps reduction US Fed rate and a 27% chance of a 50-bps rate cut
Chinese President Xi Jinping on Thursday pledged $51 billion (about Sh6.59 trillion in current exchange rate) in fresh financing to Africa, support for 30 infrastructure projects across the resource-rich continent, and promised to create at least one million jobs.