Somalia has secured a Sh690 billion ($4.5 billion) debt write-off from global lenders, marking the culmination…
Category: Global Business News
The grove robbers flooding the market with fake extra virgin olive oil
Extra virgin olive oil is getting very expensive. And it might not even be real. Olive…
Air India moves entire IT infrastructure to cloud, closes historic data centres
Air India, India’s leading global airline, has successfully migrated to a cloud-only IT infrastructure, having closed…
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 billion deal announced Sunday, potentially putting…
In the salt deserts bordering Pakistan, India builds its largest renewable energy project
Rising from the bare expanse of the large salt desert that separates India from Pakistan is…
British banks announce sweeping job cuts weeks before Christmas
Staff at UK banks face layoffs in the lead-up to Christmas in what one labor union called “disgraceful”…
Some OPEC+ members will cut the oil that they send to the world to try to boost prices
LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia…
Zambia’s foreign debt crisis: This is the way to solve its crisis
Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all…
Explainer: Africa’s new online foreign exchange system
The high cost of making cross border payments on the African continent has driven governments on the continent…
Germany is having a budget crisis. With the economy struggling, it’s not the best time
FRANKFURT, Germany (AP) — With its economy struggling, Germany now is wrestling to find a way out…