Latest Business News & Archive

Farmland in South Africa remains overwhelmingly in the hands of the white minority, despite the official end of apartheid in 1994

Climate Change, Power Cuts Exert Pull On South Africa’s Farming

As farmers are seeking alternative energy sources, production costs have increased manyfold, while small and medium-scale farmers are struggling to cope with the spiraling cost.

South African Businesses Do The Spadework To Survive Likely Recession Next Year

South Africa's economy has bounced back after a two-year hit from Covid

As U.S.-based tech firms like Twitter, Meta, and Microsoft are doling out pink slips to their employees, their counterparts in South Africa, Africa's second-largest economy, are following suit.

Not Everything Fine With 5G In Nigeria

Brazil, a nation of more than 213 million people, intends to build one of the world's largest 5G mobile data networks

Airtel Africa, Nigeria's third largest telecom operator with 27.57 percent market share, emerged as the sole bidder for a 5G high-speed spectrum license in the second licensing round.

A view shows Nigeria's Central Bank headquarters in Abuja

Nigeria Banks On Financial Inclusion

The slow pace in achieving the target has forced the Central Bank of Nigeria (CBN) to replace high-value currency notes, starting Dec. 15, to make more Nigerians banked.

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Illustration shows a model of 3D printed oil barrels in front of displayed stock graph

Profits Of Oil Majors Are Sky High But They Are Too Much Of A Bad Thing

A record-breaking profit amassed by the world's largest oil companies due to the war in Ukraine has raised eyebrows as consumers worldwide are grappling with a worsening energy crisis.

U.S. President Biden's virtual meeting with business and labor leaders about the Chips Act in Washington

With CHIPS Act, US Plans To Lord Over China

The CHIPS and Science Act, which was passed on July 27 is all about maintaining technology leadership over China, which pampers the idea of the market leader in the near future.

These Projects Show That The Metaverse Is No Longer Just A Buzzword

Metaverse Set To Show The Way For Banks In Asia

The metaverse is going to be the biggest disruption to how we live and financial firms are looking at it as the next pot of gold.

Workers install a battery for a new electric vehicle model at Mitsubishi Motor Corp's factory in Kurashiki

Southeast Asia’s Push For EVs To Bring Down Cost

Green energy is set to move beyond homes and offices in Southeast Asia to power the way people move on. Leading nations in the region are swearing by their newly professed obsession with selling electric cars as their prices are set to come down rapidly.

A Tesla sign is seen at its factory in Shanghai

Will Pandemic Lockdown In Shanghai Make Tesla Sick?

Tesla, the world's largest Electric Vehicle (EV) maker, is facing troubles at its China facility, one of the biggest for the U.S. EV giant anywhere, affecting its unanimous choice as the leader of global e-transport.

An employee sorts rough diamonds at a sorting centre, owned by Alrosa company, in Moscow

Indian Polishing Units Lose Sparkle After US Sanctions On Russian Diamonds

Diamond bazaars in India have gone quiet in recent weeks following U.S. sanctions on Russian diamonds, making nuptial ceremonies in the U.S. a costly affair.

A worker checks the quality of crude palm oil (CPO) in a state CPO processing unit at Indonesia's North Sumatra province

Indonesia’s Palm Oil Export Ban To Add Up To Global Commodity Chaos

The decision by Indonesia -- the world’s biggest producer, exporter, and consumer of palm oil -- to halt the export of crude palm oil has threatened global vegetable oil supplies, fuelling global inflation further.

Charging via the plug-in method the EV has to be out of action for anywhere between 30 minutes and several hours on average.

With BaaS, Devices Morph Into Services To Boost EV Sales

The BaaS concept, where customers buy the car and lease the battery via a subscription, is gaining ground worldwide as nations are pushing for green energy mission.

Electric cars like the ID.5 are Volkswagen's future as the German carmaker announced it was dedicating even more of its investment into electrifying its models

Electric Cars Are Set To Hit The Road Far More Speedily Than Predicted

For the proposed decarbonized global economy, battery-powered electric vehicles (EVs) are the next big thing.

Nuclear plants such as Cattenom in France provide massive power loads with no direct emissions

Fear Factor Drives German Plans To Part With Nuclear Energy

The last nuclear power plant in Germany will cease to operate in December 2022 so that the EU nation will no longer have to live with the fear of a nuclear power holocaust.

Shortages of computer chips held back production of cars and some consumer goods

Redesigning Chip Industry To Suit The Cold War For Tech Sovereignty

The global semiconductor race is set to prolong further as the United States, Europe, and Asia aim for tech sovereignty. It appears that a perfect storm is brewing.

Amazon's compliance with the Chinese edicts formed part of a deeper effort by the firm to be in the good books of Beijing.

When It Comes To China, US Tech Majors Play By Communist Party Rulebook

US tech firms police their own platforms, delete posts and make sensitive keywords unsearchable to comply with draconian Chinese laws that tell US tech what to do and especially what not to do.

2022 Could Make Or Break Bitcoin

2022 will be a critical year for digital currency. It will determine whether digital currency gains traction as a global currency, side by side with national currencies, or remain an exotic collection in the digital wallets of cryptocurrency enthusiasts and true believers.

India Chips In With Red Carpet As Global Industries Grapple With Semiconductor Shortage

As the chip shortage has taken the steam out of industries worldwide, India has approved a $10 billion plan to attract semiconductor and display manufacturers.