Business

SVB: Why did Silicon Valley Bank fail and is a financial crisis next?

The collapse of Silicon Valley Bank (SVB) has sent shockwaves through financial and tech circles. On Friday, United States regulators seized the assets of the...

A Bali isle was plagued by trash. Residents made cleaning up pay

Five years ago, the beaches on Nusa Lembongan, a paradisal island half an hour’s speedboat ride from Bali, were pockmarked with the kind of...

Modi govt allowed Adani coal deals it knew were ‘inappropriate’

The Indian government granted an extraordinary favour to controversial tycoon Gautam Adani, boosting his coal business, documents reveal. After Prime Minister Narendra Modi’s office had...

Elon Musk promises stock awards to Twitter employees after recent layoffs

Twitter CEO Elon Musk is back in news for firing Twitter employees over the weekend. Last weekend, Musk removed a significant number of employees...

US announces crackdown on child labour amid surge in violations

The United States government has announced plans to clamp down on child labour in the country following a surge in violations and news reports...

Japan seeks charges against ad firms over Olympics contracts

Japan’s antitrust watchdog has filed criminal complaints against a number of advertising firms and individuals over alleged corruption in the planning and marketing of...

$120 billion wiped out in seven days of Indian stocks meltdown

Indian equity benchmark index, the Sensex, has dropped by over 2,000 points, and domestic have fallen for seven straight trading sessions as of Monday,...

Will China’s latest investment in Afghanistan actually work?

The Taliban-run Afghanistan saw its first significant foreign investment last month when a Chinese firm signed a 25-year-long, multimillion-dollar contract to extract oil. Experts...

Russian economy better than expected

Earlier in the speech President Putin said: “GDP in 2022 has decreased by only 2.2% and I’ll remind you that in February or March...

African leaders to re-initiate free trade zone discussions

Three years ago, amid a blaze of optimism, African leaders officially launched a new continent-wide free trade area after 17 years of haggling. But as...

Gemalto targeted by a judicial investigation for corruption in Africa

The national financial prosecutor's office in Paris has opened a judicial investigation against the French group for corruption across several African countries. A judicial investigation...

Ethiopian: Govt announces sale of 45% capital of Ethio Telecom

The Ethiopian government announced on Thursday the sale of 45% of the capital of the public operator Ethio Telecom, which lost its monopoly in...

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