There is no evidence some investors profited from knowledge of Hamas’s attack on Israel before it took place on 7 October, the Israel Securities Authority (ISA) has said. One academic…
Category: Business News
Nigeria: Authorities plan to build Africa’s largest e-bus fleet
Nigeria aims to have the largest fleet of electric public transport buses in Africa, a minister has told the COP28 summit. Foreign Affairs Minister Yusuf Tuggar made the comments after…
UAE: Authorities extradite British trader Sanjay Shah to Denmark
The United Arab Emirates (UAE) has extradited British trader Sanjay Shah to Denmark over tax fraud charges worth £1.46bn, his lawyers say. Mr Shah, who lives in Dubai, is accused…
UK: Tesla whistleblower casts doubt on car safety
A former Tesla employee has revealed that he believes the technology powering the firm’s self-driving vehicles is not safe enough to be used on public roads. Lucasz Krupski leaked data,…
Sweden: Spotify to retrench 1,500 workers in cost reduction exercise
Swedish music-streaming giant Spotify has announced plans to cut 17% of its labour force, equivalent to 1,500 jobs, as the company seeks to rein runaway operating costs. Chief executive Daniel…
Panama: Authorities order closure of controversial Cobre Panamá copper mine
Panama has announced the closure of a controversial copper mine after the Supreme Court ruled that a 20-year concession granted to a Canadian firm to operate it was unconstitutional. The…
USA: Judge blocks Montana’s TikTok ban citing free speech
A US judge has blocked Montana’s ban on TikTok, saying it violated the free speech rights of users. In May, Montana became the first US state to pass the ban…
USA: Elon Musk launches profane attack on X advertisers
In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill the social media platform. At an event in New York, he accused companies…
Sweden: Tesla sues Transport Agency as strikes target carmaker
Tesla has sued the Swedish Transport Agency after postal workers stopped delivering licence plates connected to the electric car company. The move is intended to support a strike by Tesla…
China: TikTok owner ByteDance cuts gaming division jobs
ByteDance has confirmed that it will significantly downsize its gaming business after reports of job cuts. The Beijing-based company, which also owns popular social network TikTok, entered the gaming market…