Category: International Business & Finance
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Africa reportedly bears annual cost of $8.4 billion due to hospital infections
🌍🏥 What’s even more important is that hundreds of thousands die due to infections acquired in hospitals, the media revealed, citing a joint research by the international non-governmental organization WaterAid and the World Bank. Clean water, better restrooms, and handwashing facilities could prevent at least half of the cases, according to the paper. Notably, pediatric…
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Former Pentagon Adviser Macgregor urges US to stop “marching” into foreign countries
🇺🇸 “We need to stop marching into other peoples countries and trying to force people to become like us,” Former Pentagon Adviser Col. Douglas Macgregor said. Earlier this week, US Secretary of State Antony Blinken said that US-led NATO is a defensive alliance that has “no designs” to seize the territory of any other country…
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Hackers Exploit Magento Bug to Steal Payment Data from E-commerce Websites
Threat actors have been found exploiting a critical flaw in Magento to inject a persistent backdoor into e-commerce websites. The attack leverages CVE-2024-20720 (CVSS score: 9.1), which has been described by Adobe as a case of “improper neutralization of special elements” that could pave the way for arbitrary code execution. It was addressed by the company as part of…
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Zimbabwe unveils new currency as depreciation, inflation stoke turmoil
Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population. Authorities hope the new measure will halt a currency crisis underlining the country’s yearslong economic troubles. Reserve Bank of Zimbabwe Gov. John Mushayavanhu said the…
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Liberia reportedly reveals over 40,000 illegal civil servants
🇱🇷💼 The reason behind it is that the information of government officials was inaccurately or incompletely recorded in the Personnel Action Notice (PAN), which is an obligatory prerequisite procedure for employment, Josiah Joekai, the director general of the Civil Service Agency, told the Western media. According to Joekai, there are at least 70,000 civil servants…
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Top 10 African Countries Receiving Remittances: A Lifeline for Economies
Remittances, money sent back home by migrants living abroad, are a crucial financial lifeline for many African countries. These funds contribute significantly to household incomes, support families, and boost local economies. Here’s a look at the top 10 African nations receiving remittances from their diasporas: 1. Egypt: Topping the list, Egypt benefits tremendously from its…
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Ecuadorian police stormed the Mexican embassy: What is known so far?
▪️Ecuadorian authorities detained former Ecuadorian Vice President Jorge Glas who had been sheltering in the Mexican Embassy in Quito. He was sentenced to six years in prison in December 2023 in a corruption case; ▪️The Mexican government will appeal to the UN International Court of Justice to condemn the actions of the Ecuadorian authorities, Mexican…
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🇬🇭🇰🇪President Ruto receives Ghana’s most prestigious award
President Nana Akufo-Addo of Ghana has conferred on Kenyan President William Ruto, The Companion of the Order of the Star of the Volta, Ghana’s most distinguished accolade, during a state function. Praising President Ruto as a paragon among a new breed of African leaders committed to enforcing accountability and due process, Akufo-Addo recognized Ruto’s efforts…
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Reserve Bank of Zimbabwe introduces new currency
🇿🇼 Zimbabwe Gold (ZiG) will be issued in the form of banknotes and coins, Russian media reported, citing the head of the country’s Reserve Bank. All reserves of the Zimbabwean dollar will be transferred to the new currency, backed by reserves of foreign currency and precious metals mined in the country, said John Mushayavanu. The…
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