Russia’s previously secretive Wagner Group, a private mercenary force, has opened its first official headquarters in the Russian city of Saint Petersburg. The group, controlled by Yevgeny Prigozhin, a close…
Category: Business News
USA: Twitter to begin layoffs after Elon Musk takeover
Twitter will tell employees by email on Friday about whether they have been laid off, temporarily closing its offices and preventing staff access, following a week of uncertainty about the…
South Africa: Pretoria gets $497m from World Bank for clean energy sourcing
South Africa, one of the world’s largest greenhouse-gas emitters, has been granted financing of $497m to decommission one of its largest coal-fired power plants and convert it to renewable energy,…
Uganda: Commercial oil exploration to begin in 2025
Uganda aims to start commercially pumping its oil reserves in April 2025, with China being considered as a potential source of funds to develop an export pipeline, authorities said on…
South African: Police find 21 bodies at Krugersdorp mine
South African police are investigating the discovery of at least 21 bodies of suspected illegal miners, found near an active mine in the town of Krugersdorp, west of Johannesburg. According…
Australia: Campers run for their lives as Lions escape zoo
Sydney’s Taronga Zoo has rushed people camping at the park to safety after discovering five African lions had managed to escape their enclosure. The zoo found the lions – a…
USA: Elon Musk becomes sole director after firing Twitter’s board
Tesla CEO becomes sole director of social media giant after finalising $44bn takeover. The billionaire took over the social media company last week, ending months of back and forth over…
China: Meth worth more than $100m sized in Hong Kong
Hong Kong has made its biggest-ever seizure of methamphetamine after uncovering a shipment arriving from Mexico worth about 1.1 billion Hong Kong dollars ($140m), authorities said on Saturday. Customs officials…
Iraq: Fuel tanker explosion in Baghdad kills nine, wounds many
A gas tanker has exploded in the Iraqi capital, Baghdad, killing at least nine people and injuring several others, security forces said. The explosion, which was heard across much of…
Egypt: Local pound at record low after $3bn IMF deal announcement
Egypt’s pound slid about 14.5 percent to a record low against the United States dollar after authorities announced a $3bn International Monetary Fund (IMF) deal with a commitment to a…