Anglo American Platinum, the world’s largest precious metals producer, plans to cut thousands of jobs at its South African mines. The job cuts come a year after the company’s profits…
Category: Business News
Yemen: Crew abandon ship in the face of Houthis missile attack
The crew of a commercial ship in the Gulf of Aden has abandoned the ship after being attacked by Yemen’s Houthi rebels, authorities said. A Houthi military spokesman said the…
Ethiopia: Trade in donkey skins banned by African Union
Animal rights groups have welcomed a ban on the controversial donkey fur trade across Africa. This makes it illegal to slaughter donkeys for their skins in 55 countries on the…
Boeing: US regulator to increase oversight of firm after blowout
US authorities are stepping up oversight of Boeing’s manufacturing line a week after a door plug broke off one of its planes mid-flight. The head of the Federal Aviation Administration…
USA: Software firm SAP to pay $220m over bribery charges
Global software giant SAP has agreed to pay more than $220m (£172m) to settle bribery charges involving government officials around the world. The money and gifts, typically routed via outside…
Libya: National Oil Corporation declares force majeure at oilfield amid protests
Libya’s state-owned energy firm has declared a state of force majeure at Al-Sharara oilfield after protests disrupted production at the facility. Force majeure is a legal measure that exempts contractual…
France: TotalEnergies to review $10bn Uganda-Tanzania project
French energy giant TotalEnergies has said it will review its land acquisition practices for a $10bn (£7.9bn) project covering Uganda and Tanzania, following criticism by environmentalists and human rights groups.…
Austria: Government pays citizens USD 219 to repair electronic goods
Has your washing machine broken down, or is your electric kettle, laptop or mobile phone refusing to work? Well if you live in Austria, the government will pay up to…
USA: New York Times sues Microsoft and OpenAI for ‘billions’
US news organisation the New York Times is suing ChatGPT-owner OpenAI over claims its copyright was infringed to train the system. The lawsuit, which also names Microsoft as a defendant,…
France: L’Oréal heiress becomes first woman to amass $100bn fortune
L’Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a ranking of the richest people in the world. The French…