Turkey’s central bank has raised its main interest rate to 40% as part of a concerted campaign to tackle soaring inflation in the country. The rise, from the previous rate…
Category: Business News
Kenya: President announces privatisation of 35 state companies
President Ruto has announced the to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy. In a bid to boost productivity, President William Ruto said…
Mali: Government signs deal to build gold refinery in Bamako
Mali’s government has signed an agreement with Russia that includes a gold refinery project in the Malian capital Bamako. The deal involves building the refinery to process 200 tonnes of…
Nigeria: Chancellor Scholz and President Tinubu sign gas supply deal
Nigeria will supply more gas to Germany after the two countries signed a deal that will also include $500m (£399m) in renewable energy investments in the West African nation. Nigeria’s…
Kenya: President Ruto in Germany to find 200,000 jobs for Kenyans
President William Ruto has said that he is aiming to secure opportunities for Kenyans to find employment in Germany, amid a worsening unemployment crisis in his country. More than a…
Japan: Authorities condemn Yemen’s Houthi rebels hijack of cargo ship in Red Sea
Japan has strongly condemned the hijacking of Japanese-operated cargo ship Galaxy Leader in the Red Sea by Iran-backed Houthi rebels. The Yemeni militia claimed the vessel was Israeli, but a…
UK: McDonald’s faces up to two sex abuse claims a week
McDonald’s UK boss has admitted the fast-food chain is receiving between one or two sexual harassment claims a week . Alistair Macrow told MPs it had received more than 400…
USA: Sacked OpenAI boss Sam Altman to join Microsoft
Sam Altman is to join Microsoft, the tech-giant has announced, trouncing speculation he might return to OpenAI just 48 hours after his chaotic ousting. Microsoft chief executive Satya Nadella wrote…
Australia: Telecom boss quits after country-wide service outage
The chief executive of Australian telecom giant Optus has resigned after a nationwide outage this month. Kelly Bayer Rosmarin has been under pressure to quit after overseeing a tumultuous three…
South Korea: Bill to end dog meat consumption on cards
South Korea aims to ban eating dog meat and put an end to controversy over the ancient custom amid growing awareness of animal protections. The government and the ruling People…