Uganda discovered commercial oil reserves nearly 20 years ago but production has been delayed by lack of infrastructure. Uganda on Tuesday launched its first oil drilling…
When much of the world went through a major recession in 2008-2009, China, through enormous government spending efforts, managed to weather the storm and buoy…
Nigeria has opened a billion-dollar, Chinese-built deep seaport in Lagos, which is expected to ease congestion at the country’s ports and help it become an…
The tech sector is facing a demand downturn after two years of pandemic-powered growth when it had hired aggressively. Spotify Technology said on Monday that…
President promises changes to government after reports of corruption at defence and infrastructure ministries. Ukrainian President Volodymyr Zelenskyy has said he will make changes to…
California-based Harmony said in June it had been the target of a cyberattack that stole $100m worth of digital assets. North Korean hackers were behind…
Genesis filed for bankruptcy protection on January 19 after earlier freezing customer withdrawals. A lawyer for the bankrupt Genesis Global Capital has said the cryptocurrency…
US measures, taken in coordination with the EU and UK, target Iranian officials accused of suppressing demonstrations. The United States has joined its allies in…
Mumbai, India – Dharavi, the infamous slum depicted in the 2008 Oscar-winning film Slumdog Millionaire, is set for an expensive makeover. In November last year,…
Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global appeal to Sri Lanka’s financial…
Elon Musk is on trial for claims that he defrauded investors by tweeting he secured funds to privatise his firm Tesla. Elon Musk has testified…
Brazil’s President Luiz Inacio Lula da Silva has arrived in Argentina for a summit where the two countries will work to foster stronger trade ties.…
Iraq’s prime minister has replaced the governor of the country’s Central Bank following a weekslong plunge of the Iraqi dinar, the state news agency reported.…
Italy’s most successful football club is once again mired in scandal. Juventus, the 36-time winners of Serie A, have dropped down to ninth place after…
Swedish audio streaming giant reportedly planning job cuts after recent layoffs at Apple, Google, Microsoft and Amazon. Spotify Technology, the Swedish audio streaming giant, is…
Phnom Penh, Cambodia – Cambodian rapper Kea Sokun was once jailed for his hard-hitting lyrics, but that did not stop him from forging ahead with…
Depreciation of the rial comes amid boiling tensions with the West and continuing protests in Iran. Tehran, Iran – Iran’s currency has reached an all-time…