Category: Business News

South African officials have seized a superyacht and two palatial homes owned by Equatorial’s Guinea’s Vice-President Teodoro Nguema Obiang. A court ordered the seizures after local businessman Daniel Janse van…

Tanzania has floated a locally built cargo and passenger ship in the Lake Victoria port of its north-western city of Mwanza. The vessel, which the government says is the biggest…

Google is searching for ways to reassure people that it is still out in front in the race for the best artificial intelligence technology. And so far, the internet giant…

Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. The online giant, which employs 1.5 million people globally,…

PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced…

Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the…

Dell is to lay off about 6,650 workers because of the decline in demand for personal computers. The job cuts are expected to affect about 5% of its global workforce.…

Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry. Google and Alphabet CEO Sundar Pichai said he took “full responsibility” for…

Yahoo plans to lay off more than 20% of its total 8,600 workforce as part of a major restructuring. The veteran tech company is reorganising its advertising unit, which will…

India has replaced France as the world’s biggest buyer of Scotch whisky by volume, latest figures show. Whisky makers exported 219 million bottles to India, up 60% on 2021, the…