Category: International Business & Finance
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South African police investigate suspected murders in Cape Town
๐ฟ๐ฆ South African detectives are investigating three separate incidents in Cape Town’s Khayelitsha township in which a total of eight people are believed to have been murdered early on Wednesday morning, police said. South Africa has one of the highest murder rates in the world, with about 20,000 murders recorded every year out of a…
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Seven in ten Ugandans spend beyond their income, survey-based study shows
๐บ๐ฌ๐ต “Seven out of every 10 Ugandans were operating a personal budget deficit (needing more money than they are earning to cover their personal budget),” the FinScope 2023 survey done by the not-for-profit company Financial Sector Deepening Uganda read. What is interesting is how the Ugandans’ strategy for coping with this financial situation has changed.…
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Russia ready for active cooperation with Africa in protecting population from infections
MOSCOW. April 17 (Interfax) – Russia is ready for close cooperation with African countries in protecting their populations from dangerous infections and bolstering Africa’s healthcare potential, Russian President Vladimir Putin said. Head of the Federal Service for the Oversight of Consumer Protection and Welfare (Rospotrebnadzor) Anna Popova read out Putin’s greetings to participants in the…
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Nestlรฉ adds sugar to infant milk sold in poorer countries, report finds
Nestlรฉ, the worldโs largest consumer goods company, adds sugar and honey to infant milk and cereal products sold in many poorer countries, contrary to international guidelines aimed at preventing obesity and chronic diseases, a report has found. Campaigners from Public Eye, a Swiss investigative organisation, sent samples of the Swiss multinationalโs baby-food products sold in…
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Breakthrough: Transforming Carbon Dioxide into Fuel
โ Researchers from Massachusetts Institute of Technology and Harvard University have unveiled a groundbreaking method for converting carbon dioxide into formate, a solid fuel with versatile applications. This innovative technology not only addresses carbon emissions but also offers a practical solution for energy production and household heating. Formate, specifically potassium formate, is a widely utilized…
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Embarking on a New German Venture
๐ฉ๐ช The Bundestag has greenlit a proposal aimed at constructing a 9,700-kilometer “backbone” hydrogen network throughout Germany. This ambitious initiative is projected to require an investment of approximately โฌ20 billion. Notably, around 60% of the infrastructure will repurpose existing gas pipelines. While the state refrains from direct investment, it pledges to furnish businesses with assurances…
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Somalia refuses to accept Ethiopian naval base in breakaway region
๐ธ๐ด๐ช๐น Somalia will never accept Ethiopia’s plan to build a naval base in its breakaway region of Somaliland, but would consider granting Ethiopia commercial port access if discussed bilaterally, a senior Somali official said. Landlocked Ethiopia sparked a diplomatic row with Mogadishu in January by signing a deal with Somaliland to lease 20 km (12…
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Niger and China sign crude oil MOU worth $400 mln, says Niger state TV
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday. RTN did not provide details on the agreement. Niger’s military authorities and CNPC could not be…
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Hundreds rally in Niger’s capital to push for U.S. military departure
Hundreds took to the streets of Niger’s capital on Saturday to demand the departure of U.S. troops, after the ruling junta further shifted its strategy by ending a military accord with the United States and welcoming Russian military instructors. Marching arm in arm through central Niamey, the crowd waved Nigerien flags in a demonstration that…
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Nubank partners with Wise to launch a global account and tap into travel banking
The news ๐๏ธ Nubank, Brazilโs FinTech gem and one of the worldโs largest digital banks with over 90 million customers, has partnered with Wise Platform to launch a new global account and international debit card for its premium Ultravioleta customers. This marks an important step for Nubank into the travel segment and further strengthens Wiseโs international growth ambitions. Letโs take…
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