Taiwan happy with US aid package, China objects to arms sales
Taiwan’s President Tsai Ing-wen expressed happiness over the U.S. Congress passing a significant foreign aid package, which includes arms support…
Category: World
U.S. senate votes to ban TikTok if chinese owner doesn’t sell in 9 months
The U.S. Senate has overwhelmingly passed a bill to ban TikTok in the United States if its Chinese owner, ByteDance,…
Indonesia cenbank says China’s Alipay+ yet to request permit
Filianingsih Hendarta, deputy governor of Indonesia’s central bank, announced on Wednesday that Chinese firm Ant Group’s Alipay+ has not submitted…
World bank halts $150m funding for Tanzania tourism project
The World Bank has suspended funding for a $150 million tourism project in Tanzania following allegations of severe harm inflicted…
Turkey to commence oil drilling in Somalia from 2025
Somalia has announced that Turkey will begin oil drilling operations along the country’s extensive coastline starting next year, as confirmed…
Microsoft introduces smaller AI model
Microsoft (MSFT.O) unveiled Phi-3-mini, a cost-effective small language artificial intelligence model aimed at performing tasks like content creation and social…
Why dollar is battering euro, Japanese yen and Chinese yuan
The resurgence of the US dollar has caught global financial markets off guard in 2024, with the US dollar index…
Sub-Saharan Africa incomes falling further behind rest of world, says IMF
The International Monetary Fund (IMF) has highlighted that incomes in Sub-Saharan Africa are falling further behind the rest of the…
Google fires 28 employees after protest over Israeli contract
Google has terminated the employment of 28 employees following a sit-down protest organized by the group “No Tech for Apartheid”…
IMF: South Africa needs decisive efforts to cut spending
A senior official from the International Monetary Fund (IMF) has highlighted the urgent need for South Africa to take decisive…
Social media platform X blocked in Pakistan- Minister
Pakistan’s interior ministry recently revealed that it blocked access to a social media platform, referred to as X, around the…
Tesla again seeks shareholder approval for Musk’s 2018 pay voided by judge
Tesla (TSLA.O) has requested its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay package, which was…
Global financial firms lag in monitoring personal messaging apps, survey Shows
A survey released on Wednesday revealed that global financial companies are falling behind in monitoring and archiving all business-related communications…
United Airlines jumps after results beat ‘dramatically low’ expectations
United Airlines (UAL.O) saw a premarket surge of about 5.3% on Wednesday following an optimistic profit forecast for the second…
UBA outlines growth strategies for 2024
United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial year. During…
FG begs electricity union to avoid strike
The Federal Government has urged members of the National Union of Electricity Employees (NUEE) not to go on strike in…
Attacks on Russian refineries may disrupt global oil markets
The International Energy Agency (IEA) has voiced support for the United States’ stance, indicating that Ukrainian drone strikes on Russian…
China’s exports likely swung back to contraction in March
A Reuters poll conducted on Thursday suggests that China’s exports likely declined in March, following a period of better-than-expected growth…
Nike pins hopes on Olympics to win back market share
The company will outfit athletes from various countries, including the United States, Canada, China, Kenya, Germany, Uganda, and more, across…
US bets on climate friendly farming, plan raises doubts
President Joe Biden’s administration is incentivizing farmers to adopt practices that store carbon in the soil to combat climate change.…
Amazon CEO eyes cost reductions in fulfillment network
Amazon’s CEO, Andy Jassy, revealed plans to further reduce costs in the company’s fulfillment network, following recent staff reductions across…
US inflation surges to 3.5%, raises concerns for emerging markets
In a surprising turn, US inflation accelerated beyond expectations in March, reaching 3.5 percent, signaling a setback in efforts to…
Biden and Kishida likely to discuss Texas bullet train project
President Joe Biden is working to bring attention back to a plan to create America’s first high-speed rail system by…
Hong Kong considers expanding investment links with China
The Hong Kong Monetary Authority (HKMA) is exploring the possibility of enhancing investment connections between Hong Kong and mainland China,…
South Korea to invest billions in AI to strengthen industry
South Korean President Yoon Suk Yeol has announced a major investment of 9.4 trillion won ($6.94 billion) in artificial intelligence…
Global stocks steady, metals fly
On Tuesday, global shares showed a mixed performance as investors awaited this week’s U.S. inflation report and an important European…
U.S. treasury secretary urges China to address global economic concerns
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China’s excessive manufacturing capacity, emphasizing the issue during economic discussions…
A near-miss cyberattack put US officials and the tech industry on edge
Last month, German software developer Andres Freund, employed by Microsoft, made a startling discovery during performance tests. He found that…
Johnson & Johnson to acquire Shockwave medical for $12.5 Billion
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson & Johnson (J&J) has…
Foxconn forecasts revenue growth in Q2 after dip in Q1
Foxconn, the world’s largest contract electronics manufacturer and key assembler of Apple’s iPhone, anticipates a rise in second-quarter revenue following…