China’s economy is headed in the red, economists fear the crunch will destabilise rest of the world
China’s economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world’s second-largest economy is coming closer to a crunch point: What is causing China’s economy to slow down? Unlike consumers...
Louisiana attorney general files amicus brief in press freedom landmark suit against legacy media
The lawsuit, filed May 31, alleges the TNI violated antitrust laws and the US Constitution by colluding with tech giants, some of which also are members of the TNI, to censor online news. An amicus brief is filed by non-parties to a lawsuit to provide information that has a bearing on the issues and to assist the court in reaching the correct decision.
Cairo announces Egypt, Ethiopia and Sudan are set to resume negotiations over a disputed dam
Construction work takes place, at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia on June 28, 2013. Egypt, Ethiopia and Sudan resumed their years-long negotiations on August 27, 2023 over the controversial dam Ethiopia is building on the Nile River’s main tributary, officials said. credit: AP
SpaceX lawsuit pulls the veil off US policy on bias against refugees and other non-citizens
A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the US government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the...
China bans fish imports from Japan after release of Fukushima radioactive contaminated water into sea
Plant operator Tokyo Electric Power (Tepco) said the release began at 1:03pm local time (0403 GMT) and it had not identified any abnormalities. However, China reiterated its firm opposition to the plan and said the Japanese government had not proved that the water discharged would be safe.
Doubts reign whether BRICS can find common ground, agree on de-dollarisation in South Africa
Russia’s economy is grappling with Western sanctions over Moscow’s war in Ukraine. Putin is wanted under an international arrest warrant for alleged war crimes in Ukraine, and is being represented at the summit by his foreign minister Sergei Lavrov.
Black Impact Foundation vouches for investment in Black-owned ventures as step to Africa’s future
With an unyielding focus on economic growth, wealth disparities and generating opportunities for Black communities, investing in Black-owned businesses takes the spotlight as a powerful catalyst for societal advancement.
Rattled Kenya government reinstates fuel subsidy after weeks of bloody street confrontations
The protests organised in response to that law were called off last month after the opposition and Ruto agreed to talks to resolve their differences, the second such attempt this year.
Bank of Ireland customers scramble for free money after social media reports of ATM glitches
Among other issues, a glitch with the bank’s online app had allowed customers with low balances or no money in their account to transfer up to 1,000 euros ($1,090) into a linked account with a digital banking app, such as Revolut, that could be withdrawn via an ATM, local media reported on Tuesday
Security threats forces Biden to order ban on certain US tech investments in China
A spokesman for the Chinese embassy in Washington said the White House had not heeded “China’s repeated expression of deep concerns” about the plan. The spokesman said more than 70,000 US companies do business in China. The restrictions will hurt both Chinese and American businesses, interfere with normal cooperation and reduce investor confidence in the US, he said.
