Sunday, November 24, 2024

BUSINESS

China’s new leader courting business as Xi intensifies security

China’s new premier has insisted the country is open for business despite crackdowns on private enterprise, even as Chinese leader Xi Jinping doubled down on security as the “bedrock of development”. Addressing the last day of a key gathering of China’s...

To prevent bank panic, governments take extraordinary measures.

Governments in the UK and U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down. The UK Treasury and the Bank of England “facilitated...

IWD 2023: How can the gender gap in technology be closed?

As the world celebrates International Women’s Day, the focus inevitably drives to the question of women empowerment**. The United Nations theme "DigitALL: Innovation and technology for gender equality" reflects the fact that today more than ever, the world has...

US imposes sanctions on 39 organizations for alleged Iranian “shadow banking”

The United States has imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran’s access to the global financial system, describing them as a “shadow banking” network that...

Arrest of former Malaysian PM highlights Anwar’s struggle against corruption.

Addressing an investment forum this week, Malaysian Prime Minister Anwar Ibrahim said his administration would not tolerate corruption regardless of an official’s rank or political connections and pledged to tackle misconduct “without fear or favour”. Less than 48 hours later,...

Biden’s budget plan positions him for a political battle.

US President Joe Biden’s upcoming federal budget plan is laden with spending proposals and higher taxes on the wealthy that forms a blueprint for his expected 2024 re-election bid. Biden’s proposal, which he will lay out in the swing state...

Youth in entrepreneurship urged to come up with new ideas

Mrs Elizabeth Kwatsoe Tawiah Sackey, the Chief Executive of the Accra Metropolitan Assembly has urged young entrepreneurs to come up with new ideas to be able to access support from the National Entrepreneurship and Innovation Programme (NEIP).She said government...

World Bank worried about sub-Saharan migrants in Tunisia

The World Bank has decided to suspend "until further notice" its partnership framework with Tunisia, deeming "completely unacceptable" the remarks of Tunisian President Kais Saïed who, denouncing the "hordes of illegal migrants" at the end of February, stirred up...

Calib Cassim is appointed acting CEO of Eskom.

The state-owned utility Eskom, which currently imposes 12-hour power cuts on South Africans, has appointed an interim leader after its chief executive, Andre de Ruyter, quit in the wake of a shock interview in which he denounced corruption at...

WorldRemit sees remittance inflows to Ghana at US$5 billion in 2023

Remittance inflows to Ghana are expected to reach about US$5 billion in 2023, slightly easing the pressure on the country's forex. In 2022, the value of remittances to Ghana grew throughout the year to reach a record US$4.7 billion despite...
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