Authorities in the northern Indian state of Uttarakhand are racing to rescue around 40 workers who are trapped inside a collapsed tunnel. The workers were building the tunnel when a…
Category: Business News
Nigeria: High Court grants bail to former central bank governor Godwin Emefiele
A court in Nigeria has ordered the release of former central bank governor Godwin Emefiele, who has been in detention since June, on bail. “There must be an end to…
Malawi: Kwacha 44% drop in value against major currencies
Malawi’s currency has lost nearly half its value against the US dollar, sparking concerns from some consumers in the southern African country that basic goods will soar in price. Others…
Nigeria: Commuters appreciate the Lagos train
Judging by the crowds cramming on to the trains at rush-hour, Lagos’s new light rail service – linking the island to the mainland – is a big hit. Other commuters…
USA: Robert De Niro’s company must pay former assistant $1.2m
Robert De Niro’s company must pay a former employee $1.2m (£982,000) over claims of gender discrimination and retaliation. The jury decision ends a years-long legal battle between the actor and…
Australia: Ten million affected by Optus mobile network failure
Millions of Australians were left without mobile and internet after a network failure at telecoms firm Optus. The failure caused transport delays, cut hospital phone lines, and shut down payment…
UK: Kenyan Tea pickers’ Scottish compensation case on hold
Appeal judges have halted a compensation case brought by Kenyan tea pickers against their employer in Scotland’s highest civil court. James Finlay Kenya Ltd (JFK) is fighting the multi-million dollar…
Luxembourg: Coca-Cola and Nestle accused of misleading eco claims
Coca-Cola, Danone and Nestle have been accused of making misleading claims about their plastic water bottles being “100% recycled”. A consumer body and two environmental groups have issued a legal…
Italy: Authorities to seize $835m from Airbnb in tax evasion inquiry
An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from…
Tanzania: Top Indian university opens first offshore campus in Zanzibar
The first international campus of the Indian Institute of Technology Madras – IIT Madras – has officially opened in the Tanzanian archipelago of Zanzibar. The Zanzibar campus offers a four-year…