Argentina saw prices almost double last year as the country’s annual inflation rate hit its highest level in more than 30 years. Official figures show consumer prices jumped by 94.8%…
Category: Business News
USA: Adidas loses stripes row trademark battle with luxury designer Thom Browne
Adidas has lost a court case to try to stop a fashion designer from using a four-stripe design. The sportswear giant argued that luxury brand Thom Browne Inc’s four stripes…
USA: McDonald’s Former boss Easterbrook fined after staff relationship
The former boss of McDonald’s has been fined by the US financial watchdog for misleading investors about his firing in 2019. Steve Easterbrook has agreed to pay a $400,000 penalty,…
Kenya: National airline’s flight schedule disrupted by parts shortages
Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The airline, which is one of Africa’s biggest,…
UK: Prince Harry’s book officially hits shops after days of leaks
Bookshops across London opened at midnight to meet demand for Prince Harry’s memoir after it officially went on sale. Fans queuing to buy a hardback copy described wanting to hear…
Somaliland: Authorities announce first oil discovery
The self-declared republic of Somaliland has confirmed that oil has been discovered in the Sallahey area of Marodi-Jeh region, its ministry of energy and mineral resources said in a statement…
China: Jack Ma to give up control of fintech giant Ant Group
The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown. Ant Group said that after the change no-one…
USA: Wikipedia owner denies Saudi infiltration claim
Wikipedia’s parent company has denied claims the Saudi government infiltrated its team in the Middle East. Two international human rights groups said Saudi officials had altered or deleted content on…
Brazil: Criticism of Lula’s economic plans mounts as local markets tank
Criticism of Brazilian President Luiz Inacio Lula da Silva’s economic policies grew on Wednesday, with analysts and a leading newspaper slamming ministers after local markets tanked in the leftist’s first…
Canada: Foreigners now banned from buying homes
A two-year ban on some foreigners buying homes in Canada has come into effect. The ban aims to help ease one of the most unaffordable housing markets in the world.…