Oil and gas giant Shell has posted strong profits helped by oil prices rising again. The energy giant reported earnings of $6.2bn (£5.1bn) between July and September, up sharply on…
Category: Business News
Denmark: Maersk cuts 10,000 jobs as shipping demand falls
One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand. AP Moller-Maersk already cut 6,500 roles earlier this year as…
USA: Apple sales dip again despite iPhone boost
Apple sales have continued to fall, despite strong demand for its iPhones and services like streaming platform Apple TV+. The tech giant says revenues dipped 1% to $89.5bn (£73.3bn) in…
Panama: El Nino drought cuts canal ship numbers further
The Panama Canal will make more cuts to the number of ships using the waterway due to the worst drought in over 70 years, authorities say. The Panama Canal Authority…
South Africa: US money could help Africa industrialise – Ramaphosa
US investment could help African countries make the most of its critical minerals and industrialise their economies, South Africa’s President Cyril Ramaphosa has said At the opening ceremony of a…
USA: Sam Bankman-Fried guilty of FTX fraud
Sam Bankman-Fried, who once ran one of the world’s biggest cryptocurrency exchanges, has been found guilty of fraud and money laundering at the end of a month-long trial in New…
Lesotho: KFC shuts stores over South Africa bird flu
KFC has announced it is closing all its restaurants in Lesotho amid a severe outbreak of bird flu in neighbouring South Africa. Lesotho’s government has banned all poultry imports from…
Kazakhstan: Mine fire leaves at least 32 dead
At least 32 people have been killed following a fire at a mine in Kazakhstan, owned by steel giant ArcelorMittal. The blaze came on the same day as a deal…
Tanzania: AUthorities sign the contested port deal with UAE firm
Tanzania has signed a 30-year port management agreement with the United Arab Emirates (UAE), despite opposition to the deal. Under the agreement, Dubai Port (DP) World will run four berths…
China: TikTok says action taken on Israel conflict videos
TikTok has said it “immediately” took action to counter misinformation after the EU warned the platform following the attack by Hamas on Israel. The EU called on TikTok boss Shou…