The Secretariat of the East African Community (EAC) regional bloc has rejected a post on X (formerly Twitter) claiming that the bloc’s member states have adopted a common regional currency.…
Category: Business News
Spain: Farmers demand more help over drought
Hundreds of farmers from Catalonia have travelled to the region’s capital to air their grievances, especially over the climate. “We’re in a complete drought right now,” says Xavier Oliva, an…
Nigeria: Authorities impose annual levy on expatriate workers
Nigeria imposes a mandatory annual levy on organizations employing foreign workers. These levies must be paid $15,000 (£12,000) for directors and $10,000 for other departments. The move is aimed at…
UK: Iconic London’s BT Tower to be turned into a hotel
London’s famous landmark, the BT Tower, has been sold for £275 million and is set to be converted into a hotel. This 177-meter-high tower was opened by then-Prime Minister Harold…
Spain: Intruder spills wine worth €2.5m at a winery in Castrillo de Duero
A Spanish winery has suffered losses of more than €2.5m (£2.1m) after unknown intruders spilled 60,000 liters of wine. The spilt wines were from the winery’s two most expensive varieties,…
Australia: Woolworths boss quits amid price-gouging claims
Woolworths boss Brad Banducci has announced his resignation following intense scrutiny over the Australian supermarket giant’s alleged price gouging tactics. Pressure on his boss increased this week after an interview…
Australia: Police arrest Chinese man over suspected North Korean tobacco smuggling
A Chinese man has been detained in Australia on suspicion of being involved in a tobacco smuggling scheme that netted North Korea $700m (£570m) in profits. Jin Guanghua is currently…
South Africa: Anglo-American Platinum to cut 3700 jobs
Anglo American Platinum, the world’s largest precious metals producer, plans to cut thousands of jobs at its South African mines. The job cuts come a year after the company’s profits…
Yemen: Crew abandon ship in the face of Houthis missile attack
The crew of a commercial ship in the Gulf of Aden has abandoned the ship after being attacked by Yemen’s Houthi rebels, authorities said. A Houthi military spokesman said the…
Ethiopia: Trade in donkey skins banned by African Union
Animal rights groups have welcomed a ban on the controversial donkey fur trade across Africa. This makes it illegal to slaughter donkeys for their skins in 55 countries on the…