Social media app TikTok has struck a joint venture deal with Indonesian tech giant GoTo to restart its online shopping business in the country. The firm, owned by China’s Bytedance,…
Category: Business News
Nigeria: Dangote takes major step towards producing refined oil
The delivery of a million barrels of crude oil to huge new refinery in Nigeria marks a major milestone in the process towards the country being able to produce fuel…
Israel: Authorities reject claims that traders profited from attack
There is no evidence some investors profited from knowledge of Hamas’s attack on Israel before it took place on 7 October, the Israel Securities Authority (ISA) has said. One academic…
Nigeria: Authorities plan to build Africa’s largest e-bus fleet
Nigeria aims to have the largest fleet of electric public transport buses in Africa, a minister has told the COP28 summit. Foreign Affairs Minister Yusuf Tuggar made the comments after…
UAE: Authorities extradite British trader Sanjay Shah to Denmark
The United Arab Emirates (UAE) has extradited British trader Sanjay Shah to Denmark over tax fraud charges worth £1.46bn, his lawyers say. Mr Shah, who lives in Dubai, is accused…
UK: Tesla whistleblower casts doubt on car safety
A former Tesla employee has revealed that he believes the technology powering the firm’s self-driving vehicles is not safe enough to be used on public roads. Lucasz Krupski leaked data,…
Sweden: Spotify to retrench 1,500 workers in cost reduction exercise
Swedish music-streaming giant Spotify has announced plans to cut 17% of its labour force, equivalent to 1,500 jobs, as the company seeks to rein runaway operating costs. Chief executive Daniel…
Panama: Authorities order closure of controversial Cobre Panamá copper mine
Panama has announced the closure of a controversial copper mine after the Supreme Court ruled that a 20-year concession granted to a Canadian firm to operate it was unconstitutional. The…
USA: Judge blocks Montana’s TikTok ban citing free speech
A US judge has blocked Montana’s ban on TikTok, saying it violated the free speech rights of users. In May, Montana became the first US state to pass the ban…
USA: Elon Musk launches profane attack on X advertisers
In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill the social media platform. At an event in New York, he accused companies…