Many parts of Tanzania are likely to experience power cuts because of a system error, the East African nation’s state power firm Tanesco has warned. An error in a gas-fired…
Category: Business News
Lebanon: Central bank chief Riad Salameh steps down
Lebanon’s central bank chief has stepped down as planned after 30 years, leaving the country facing an almost total collapse of its economy. Riad Salameh is widely blamed for a…
Kenya: President Ruto scolds tardy top officials at contract signing
Kenya’s President William Ruto has scolded top government officials for arriving late to a scheduled meeting saying it showed lack of discipline. “If you cannot keep time with your employer,…
USA: Fitch downgrades US credit rating from AAA to AA+
The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three major independent agencies that assess…
India: Netflix ends password sharing in ‘big Indian market’
Streaming giant Netflix has announced its decision to end password sharing in India – a country in which it has millions of subscribers. It has said that Netflix accounts were…
India: Authorities ban rice shipments to curb price rises
India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes. Heavy rains have hurt crops in the country and rice prices…
Brazil: Embraer plans to build electric flying taxi factory near Sao Paulo
The Brazilian plane maker Embraer says a new factory will be built near Sao Paulo to produce electric flying taxis which it hopes will take to the skies from 2026.…
USA: Linda Yaccarino replaces Elon Musk as Twitter boss
Linda Yaccarino, the new boss of troubled social media firm Twitter has started the role earlier than expected, officially replacing Elon Musk. Ms Yaccarino, previously head of advertising at media…
India: Railways seek police probe into deadly crash
India’s railway ministry has recommended that the country’s top detective agency should investigate the deadly crash that killed 275 people. Railway Minister Ashwini Vaishnaw announced the decision but did not…
Angola: Authorities deny IMF pressure behind rise in fuel prices
Angola has denied that it was abolishing fuel subsidies as a result of pressure from the International Monetary Fund (IMF). Finance Minister Vera Daves said on Thursday that the withdrawal…