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…
Category: Business News
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…
USA: Elon Musk takes over Twitter in $44bn deal and fires CEO
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…
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…