An Australian man armed with a budget metal detector has hit the jackpot, finding a 4.6kg rock containing gold worth A$240,000 (£130,000; $160,000). The man, who doesn’t want to be…
Category: Business News
Nigeria: Workers declare strike over cash crisis
The Nigeria Labour Congress (NLC) has declared a nationwide strike for public workers over fuel and cash scarcity in the country. Speaking on Wednesday, Joe Ajaero, the NLC president, said…
Kenya: Meta barred from sacking Facebook moderators
A court in Kenya’s capital Nairobi has barred Meta, Facebook’s parent company, from laying off its content moderators pending determination of a lawsuit that is challenging their planned dismissal. The…
USA: Amazon to cut another 9,000 jobs
Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs. The firm, which employs 1.5 million people worldwide, said the cuts would fall mainly…
Switzerland: UBS is in talks to take over its troubled Credit Suisse
Switzerland’s biggest bank, UBS, is in advanced talks to buy all or part of its troubled rival Credit Suisse. Credit Suisse is facing a crisis of confidence and its shares…
UK: Ministers banned from using Chinese-owned TikTok on government phones
British government ministers have been banned from using Chinese-owned social media app TikTok on their work phones and devices on security grounds. The government fears sensitive data held on official…
South Korea: Samsung to invest US$230 billion in mega chip-making plan
Electronics giant Samsung says it plans to invest around 300tn won ($230.8bn; £189.6bn) over 20 years in the South Korean government’s push to develop a mega semiconductor hub in the…
USA: Meta-Facebook owner to cut 10,000 staff
Meta, which owns Facebook, Instagram and WhatsApp, has announced plans to cut 10,000 jobs. It will be the second wave of mass redundancies from the tech giant, which laid off…
USA: 3 banks collapse, global bank stocks slump despite Biden reassurances
Bank shares in Asia and Europe have slumped, despite reassurances from the US president that America’s financial system is safe following the collapse of three US lenders. The falls come…
Aramco: State-owned oil giant Aramco sees record profit of $161bn
Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. It represents a 46.5% rise for the state-owned…