Columbia Professor Jeffrey Sachs criticises the US's economic activity in Africa, calling for unity among African states and reflecting on ties with China.
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Kenyan president warns debt clouds Africa climate potential
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Trial over $1.8 bn fraud at Malaysia's 1MDB opens in Switzerland
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China's Huawei says expects revenue up almost nine percent in 2023
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Residents protest as Venice launches five-euro entry fee
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At halfway point, next challenges loom for ECB's Lagarde
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European satellite giant SES to buy US rival Intelsat
European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink. The sector faces growing competition for space-based internet service, which satellite operator Eutelsat says could be worth $16 billion by 2030.
Record gold prices boost recycling: industry
Record gold prices have sent recycling of the precious metal to the highest level in more than three years, as consumers cash in on jewellery, an industry body revealed Tuesday.
Abu Dhabi-backed group ends Telegraph takeover bid
An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal. However, last month the UK government said it would bring forward legislation to block such state-backed takeover deals in the industry, while Culture Secretary Lucy Frazer also mulled a full regulator probe.
French charity boycotts Olympic torch relay over Coca-Cola
A French environmental charity said it had turned down the chance to take part in the torch relay ahead of the Paris Olympics over the role of Coca-Cola as a major sponsor. But it announced on Monday that it would not take part in the torch relay which will begin in Marseille on May 8, thanks in part to financing from premium Olympics sponsor Coca-Cola.
Eurozone economy rebounds in first quarter, inflation stable in April
The eurozone economy emerged from recession with greater than expected growth in the first quarter of 2024 and inflation under control, official data showed Tuesday. But the figures showed the eurozone economy had slipped into a technical recession in the second half of last year after gross domestic product retreated by 0.1 percent in the last two quarters of 2023.
French media scion resigns after embezzlement charge
French media baron Arnaud Lagardere resigned Tuesday as chief executive of the sprawling group of the same name after being charged with misuse of corporate funds. The firm said the charges "largely relate to companies belonging personally" to Arnaud Lagardere, rather than those that are part of the publicly-traded Lagardere SA group.
HSBC announces surprise retirement of chief executive
Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets.
Dying salmon trouble Norway's vast fish-farm industry
They are hailed for their omega-3 fatty acids and micronutrients, but Norway's salmon are not in the best of health themselves at the fish farms where they are bred. It is precisely the speed at which the fish are bred that is the problem, according to fish health specialist Poppe, who criticised the "terribly bad animal conditions" and who has stopped eating farmed salmon.
Microsoft CEO pledges $1.7 bn AI, cloud investment in Indonesia
Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.
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