Elon Musk has officially taken control of Twitter after finalising a $44bn deal to buy the social media network. He has kicked off his tenure as the new owner of…
Category: Business News
Zambia: World Bank issues $270m for Covid, debt recovery
The World Bank says it has approved a $270m (£232m) loan to Zambia to help it recover from the effects of the coronavirus pandemic, the economic impact of the war…
USA: Facebook, WhatsApp and Instagram’s parent company Meta sees a shrink in revenue and profits
Facebook and Instagram’s parent company Meta said revenue fell 4% in the three months from July through September compared to a year earlier. The announcement caused shares to plunge on…
South Korean: Samsung appoints heir to top job
South Korean electronics giant Samsung has named heir and de facto boss Lee Jae-yong as its executive chairman. The symbolic move means the world’s biggest smartphone maker will now be…
Austria: Dietrich Mateschitz- Red Bull co-owner & energy drink giant dies aged 78
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. Mateschitz was the driving force behind the establishment…
USA: Tesla sales climb but miss expectations
Supply shortages, logistics bottlenecks and rising costs are hitting Tesla as it rapidly ramps up production of its electric cars. While the problems have improved in recent months, they remain…
Syria: TikTok to ban children from livestreaming
TikTok is raising its minimum age for livestreaming from 16 to 18 from next month. A BBC News investigation found hundreds of accounts going live from Syrian refugee camps, with…
South Korea: Co-chief executive quits internet giant
The co-chief executive of Kakao, the company behind South Korea’s largest mobile messaging app, has resigned after a massive outage at the weekend. Namkoong Whon told a news conference that…
India: Google fined $161m for unfair practices
Indian authorities have fined Google 13bn rupees ($161m; £144m) for using its Android platform to dominate the market. The country’s competition regulator has accused the tech giant of entering into…
Colombia: UN reports record cocaine coca crop
Colombia has increased its cultivation of coca plants – the main ingredient in the illegal drug cocaine – by 43%, a new UN report says. Last year the area of…