Power generation using fusion reactor is now a reality as experts warn efficiency will take longer
For the first time on Earth, a controlled fusion reaction has generated more power than it requires to run, researchers have confirmed. The experiment is a major step towards commercial fusion power, but experts say there is still a vast engineering effort needed to increase efficiency and reduce cost. Rumours...
Biden assures African presidents US ‘is all in on Africa’s future’ as he pledges $55 billion funding
President Joe Biden on Wednesday announced an agreement aimed at bolstering trade ties between the United States and Africa after years in which the continent took a backseat to other US priorities as China made inroads with investments and trade. “The United States is ‘all in’ on Africa’s future,” Biden...
Missing $80 trillion reported by Switzerland-based BIS triggers fears of steep global economic meltdown
The world faces a staggering financial meltdown with potential losses exceeding the total number of US dollars in circulation. This warning does not come from some headline-grabbing doomsayer but arguably the most respectable financial body of all, the Bank of International Settlements (BIS). This is a body of central bankers...
Holacracy: Reaping reward of devolved company hierarchy that is executed minus nit-picking boss
The March 2015 announcement by Zappos that they were fully embracing holacracy, an organisational structure that they’ve been experimenting with since 2013, has renewed my interest in hierarchy-induced dysfunctionality. In case you’re not familiar with this approach for structuring teams, you should know that holacracy doesn’t mean chaos. There is...
Cryptocurrency firm FTX on verge of losing billions of investor dollars as FBI zero in on insider fiddling
Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorised access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection on Friday. The embattled company’s new CEO John Ray III said on Saturday that FTX is switching off the ability to trade or withdraw funds and taking...
BMW Group commences production of iX1 electric version at Regensburg plant in Germany
BMW announces that the production of the iX1 has already commenced at its Regensburg Plant in Germany, setting various milestones for the automaker. The iX1’s high-voltage battery is also being produced at the said plant. Apart from the iX1 being the first electric version of the small Sports Activity vehicle,...
How a Senegalese woman went to study in US, cleaned toilets and used savings to build swanky Palm Hotel in Dakar
Souadou Niang is a popular figure in Senegal’s hospitality industry. Her popularity defies her humble beginnings. Her persistence and drive to overcome obstacles is almost legendary in nature. The persistence and drive explain how she became the proprietor of The Palm Luxury Boutique Hotel in Dakar, the Senegalese commercial and...
Ex-Arsenal classy midfielder Flamini is now at the centre of multibillion dollar conservation firm after quitting football
In 2008, football player Mathieu Flamini moved from Arsenal, where he’d spent four years as a tough but classy midfielder to AC Milan in Italy’s Serie A. At the same time, unknown to his colleagues in the dressing room at the San Siro, he quietly embarked on another new journey....
EU’s new law that compels Big Techs to make their apps ‘convertible’, cheaper comes into force
Next week, a law takes effect that will change the internet forever – and make it much more difficult to be a tech giant. Today, the European Union’s Digital Markets Act came into force, starting the clock on a process expected to force Amazon, Google and Meta to make their...
A modern customer is tricky and too impatient, so shrewd businesses owners tap them and flow with them
The rise of the internet and information technology have greatly contributed to revolutionising customer experience from what we knew of it in the past. Today’s customer is quite different. He is in control of when, where and how they want to interact with a brand and brands don’t have many...
