Film star Idris Elba, who is leading a smart city initiative in Sierra Leone, says he took on the project to change stereotypes about Africa. Mr Elba is building an…
Category: Business News
Nigeria: Binance begins to cut off Naira transactions
Binance, the world’s largest cryptocurrency company, has begun suspending all transactions involving Nigeria’s local currency amid an ongoing dispute with authorities. The Nigerian government accused the company of manipulating exchange…
USA: Federal appeals court dismisses suit over child labour in DR Congo mines
A U.S. federal appeals court has dismissed a lawsuit alleging that five major technology companies were involved in the use of child labour in cobalt mining in the Democratic Republic…
Tanzania: Bloc dismisses fake East African common currency
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.…
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…