Indian multi-billionaire Gautam Adani’s embattled business empire says it has secured $1.87bn (£1.6bn) of investment from a US-based asset management firm. Florida-headquartered GQG Partners has bought shares in four of…
Category: Business News
Zoom boss Greg Tomb fired ‘without cause’
Video conferencing platform Zoom has sacked its president, Greg Tomb, a former Google executive. Mr Tomb’s contract was abruptly terminated “without cause”, according to the company in a regulatory filing.…
Nigeria: Old bank notes still legal tender- Supreme Court
Nigeria’s Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes.…
USA: Whiskey fungus lawsuit forces Jack Daniels to halt building project
A Jack Daniels building project is to be halted after a neighbour argued she was facing a plague of whiskey fungus caused by escaping alcohol vapours. Christi Long, of Lincoln…
India: Government bans TikTok, WeChat and dozens more Chinese apps
India’s government has banned TikTok and dozens more Chinese-made apps it says are a danger to the country. In a statement, it said the apps were “prejudicial to sovereignty and…
USA: Authorities ban TikTok on federal devices
China has accused the US of overreacting after federal employees were ordered to remove the video app TikTok from government-issued phones. On Monday, the White House gave government agencies 30…
Belgium: European Commission bans TikTok on staff devices
Staff working at the European Commission have been ordered to remove the TikTok app from their phones and corporate devices. The commission said it was implementing the measure to “protect…
Canada: Authorities ban TikTok on government devices
Canada will ban video app TikTok from all government-issued devices starting on Tuesday. The decision follows a review by Canada’s chief information officer, and the app “presents an unacceptable level…
USA: Elon Musk defends racist tirade by Dilbert creator Scott Adams
Elon Musk accused US media of racism on Sunday, defending racist comments made by Dilbert cartoon creator Scott Adams on YouTube last week. Twitter’s CEO tweeted media that used to…
UK: Steel industry braces for possible mass retrenchments
The steel industry has raised concerns that more jobs could be cut before any government support for electricity bills kicks in. Gareth Stace, director general of industry body UK Steel,…