At least two people have died and more than 50 are missing after a mine collapsed in northern China. President Xi Jinping has ordered a search and rescue mission following…
Category: Business News
Italy: Starbucks launches olive oil coffee drinks
The world’s largest coffee chain Starbucks says it is launching a line of olive oil-infused drinks in Italy. Chief executive Howard Schultz says olive oil’s “unexpected, velvety, buttery flavour… enhanced…
USA: Mormon Church fined over claim it hid $32bn of investments
The Mormon Church, officially known as the Church of Jesus Christ of Latter-day Saints (LDS), and its investment firm will pay out $5m (£4.1m) over claims they hid a huge…
South Africa: Johannesburg to build solar farm to avoid power cuts
A provincial government in South Africa plans to spend 1.2bn rand ($66m; £55m) on building a solar farm in order to shield itself from the country’s energy crisis, local media…
Spain: Officials resign after ordering trains that are too wide for tunnels
Two top Spanish transport officials have resigned over a botched order for new commuter trains that cost nearly €260m ($275m; £230m). The trains could not fit into non-standard tunnels in…
USA: Instagram and Facebook to get paid-for verification
Instagram and Facebook users will now be able to pay for a blue tick verification, parent company Meta has announced. Meta Verified will cost $11.99 (£9.96) a month on web,…
USA: YouTube CEO Susan Wojcicki steps down after nine years
YouTube CEO Susan Wojcicki is stepping down after nine years in the role. In a blog post, she said she had “decided to start a new chapter focused on my…
Australia: Mine collapse leaves two dead
Two miners who went missing after a mine collapsed in Australia have died. Dylan Langridge, 33, and Trevor Davis, 36, were driving 125m (410ft) underground in Queensland’s Dugald River mine…
EDF: French energy giant posts worst-ever results
Energy prices may have jumped to unprecedented highs, but for France’s state-controlled power company EDF 2022 was a miserable year with record annual losses of €17.9bn (£16bn). A price cap…
Nigeria: Buhari partially extends validity of old banknotes
Nigeria’s President Muhammadu Buhari has directed the country’s central bank to release the old 200 naira banknotes back into circulation and run concurrently with the new ones till 10 April.…