Daily Recap: Business — 22 September 2026

Business news is driven by the collision of expansion and scrutiny in finance and crypto, as companies push into new markets while regulators, prosecutors and investors test their claims and conduct. Central banks and courts also shape the picture, from Nigeria’s rate cut to fres...

Binance deepens its ties with Circle by investing $100 million in the stablecoin issuer and extending their USDC partnership for five years. The agreement gives Binance added incentives to promote USDC across its platform, while Circle gains broader distribution for a token that sits at the center of crypto trading and payments.

U.S. prosecutors are investigating whether Binance violated sanctions tied to Iran by allowing trading activity that may have breached American rules. The inquiry adds another layer of legal pressure on the crypto exchange and underscores how enforcement risk continues to hang over large global digital-asset platforms.

Nigeria’s central bank cuts its main policy rate to 23% from 26.5% after its latest Monetary Policy Committee meeting in Abuja. The move marks a notable shift in monetary policy as authorities respond to changing economic conditions and calibrate the balance between inflation control and support for growth.

PhonePe wins in-principle approval from the UAE central bank for two payment licences, bringing the Indian fintech closer to launching regulated services in the country. The approvals cover retail payment and card scheme activity as well as stored-value facilities, giving PhonePe a foothold in a strategic Gulf payments market.

San Francisco sues Trump Media & Technology Group, alleging Truth Social sells early access to Donald Trump’s posts through a paid service. The city argues that letting some subscribers see potentially market-moving content before others creates an unfair informational edge and raises questions about disclosure and market integrity.

Donald Trump bought and later sold SpaceX shares in July, public financial disclosures show. The transactions involve relatively small amounts, but they draw attention because SpaceX is one of the most closely watched private companies in the United States and because presidential financial dealings are subject to unusual public scrutiny.

Donald Trump says a Greenland deal would help protect Europe, presenting the arrangement as part of a broader security and diplomatic strategy. He also highlights improved ties after recent strains and places the remarks alongside renewed comments on Iran and the United Nations, linking business, territory and geopolitics.

Julian Assange and his wife Stella say they are expecting their third child, sharing the news in a rare public update after his return to Australia. The announcement is a personal milestone rather than a market story, but it adds to the public picture of Assange’s life after years dominated by legal battles.