Uganda’s president has downplayed the USA’s decision to expel the East African country from the Agoa trade deal. Last week, Joe Biden announced Uganda and three other countries would be…
Category: Business News
Northern Ireland: Spirit Aerosystems aims to renegotiate Airbus A220 deal
The company which makes parts for Airbus passenger planes at a factory in Belfast is aiming to renegotiate the terms of its deal with the manufacturer. Spirit Aerosystems makes the…
USA: Uber and Lyft agree to pay $328m to New York drivers
Ride-sharing firms Uber and Lyft will pay $328m (£269m) to settle claims they “systematically cheated” New York drivers out of pay and benefits. It resolves a long investigation by the…
UK: Shell posts $6.2bn profit as oil prices rise again
Oil and gas giant Shell has posted strong profits helped by oil prices rising again. The energy giant reported earnings of $6.2bn (£5.1bn) between July and September, up sharply on…
Denmark: Maersk cuts 10,000 jobs as shipping demand falls
One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand. AP Moller-Maersk already cut 6,500 roles earlier this year as…
USA: Apple sales dip again despite iPhone boost
Apple sales have continued to fall, despite strong demand for its iPhones and services like streaming platform Apple TV+. The tech giant says revenues dipped 1% to $89.5bn (£73.3bn) in…
Panama: El Nino drought cuts canal ship numbers further
The Panama Canal will make more cuts to the number of ships using the waterway due to the worst drought in over 70 years, authorities say. The Panama Canal Authority…
South Africa: US money could help Africa industrialise – Ramaphosa
US investment could help African countries make the most of its critical minerals and industrialise their economies, South Africa’s President Cyril Ramaphosa has said At the opening ceremony of a…
USA: Sam Bankman-Fried guilty of FTX fraud
Sam Bankman-Fried, who once ran one of the world’s biggest cryptocurrency exchanges, has been found guilty of fraud and money laundering at the end of a month-long trial in New…
Lesotho: KFC shuts stores over South Africa bird flu
KFC has announced it is closing all its restaurants in Lesotho amid a severe outbreak of bird flu in neighbouring South Africa. Lesotho’s government has banned all poultry imports from…