Category: International Business & Finance
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Italian Mastermind of $21 bln Oil Smuggling Ring Arrested Near Athens
The petroleum products allegedly originated from Latin America and transactions were made in Asian ports An Italian citizen living in Greece was arrested in the upscale seaside Athens district of Varkiza on charges of leading an international oil smuggling ring valued at around €21 billion euros in illegal profits. According to reports by “To Vima”,…
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CMOC Group settles Congo mining dispute with $800m payment to Gécamines
Chinese miner CMOC Group has agreed to make a settlement payment of $800m between 2023 and 2028 to Congo’s state-controlled mining company Gécamines to end a dispute related to the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo (DRC). Furthermore, CMOC will also pay at least $1.2bn (8.66bn yuan) in dividends…
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Eight Priorities for the African Union in 2024
With deadly conflict raging in countries across the continent, the African Union has much to do in helping make peace in the year ahead. This briefing identifies eight tasks in particular need of the organisation’s time and attention. What’s new? In the third week of February, African leaders will meet in Addis Ababa for the annual…
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Entrepreneurs and Revolutionaries
As I read about Justice Department’s antitrust suit against Apple, I asked myself, “how is it that Apple, like so many other large companies, is so good at suppressing competition? They don’t teach you how to do that in business school. When companies become big and dominant, they become worse at many things but become very good…
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Sam Bankman-Fried sentenced to 25 years for FTX fraud
The co-founder and CEO of FTX has been sentenced. FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence and a 60-month sentence to…
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How to turn Data into meaningful Customer Connections
Key Insight Artificial intelligence could be the most powerful business tool in decades. But without the right data, it’s useless. Similarly, brands are confronting a new reality where tech giants are implementing digital privacy measures and eliminating the third-party cookies advertisers relied on to track consumers, making it harder to target shoppers online. It’s only…
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African Romans who built Britain.
Roman Africans who contributed to Britain. Their presence dates back nearly two thousand years, and it bears witness to the multiculturalism of the Roman Empire. In summary, these African Romans played a significant role in shaping Britain’s history, and their stories continue to inspire us today¹²³⁴. Advertisement Advertisement Source: panafrican.email, 3/28/2024 (1) The history of…
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🇺🇬 Salaam Bank launches Uganda’s first Islamic bank
A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic banking in the east African country last year. Islamic finance follows Islamic religious principles such as bans on…
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Niger Cuts Military Ties With US
650 American troops in the country asked to leave immediately. The junta that has governed Niger since a July 2023 coup said that it is ending the country’s military agreement with the United States “with immediate effect.” Colonel Amadou Abdramane, a spokesman for the National Council for the Safeguard of the Homeland military government (also…
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