The European Union said Tuesday that it would increase its investments in Kenya by hundreds of millions of dollars, looking to bolster ties in the face of competition from China. . The agreements include a $200 million pledge by the European Investment Bank to help the Trade and Development Bank, run by several African states, support companies in eastern and southern Africa affected by the war in Ukraine.
Dubai's airport welcomed 66 million passengers in 2022, more than double the previous year, it said Tuesday, a spike its chief executive attributed to "huge growth" in Russian travellers.. The airport "welcomed a total of 66,069,981 passengers during 2022", representing year-on-year growth of 127 percent, according to a statement.
German online fashion retailer Zalando said Tuesday it plans to cut hundreds of jobs to help it confront a "more challenging" economic environment after years of rapid growth.. Founded as a Berlin start-up in 2008, Zalando quickly rose to become Europe's leading online fashion and lifestyle retailer.
The US Supreme Court on Tuesday will consider a law that since 1996 has protected tech companies from lawsuits related to content posted on their platforms. . Section 230 states that in the US internet companies cannot be considered publishers and have legal immunity for the content posted on their platforms.
Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, calling the ongoing impact of Covid-19 the main factor in its financial performance.. The bank said last year reflected "a strong overall financial performance", and announced a full-year dividend of $0.32 per share.
Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, on impairment charges linked to the upcoming sale of its French retail operations. . Reporting an annual after-tax profits of $16.7 billion, the bank said 2022 had reflected "a strong overall financial performance".
Asian markets swung Tuesday, with traders trying to gauge the outlook for the US economy as they price in more interest rate hikes than previously feared.. That has dealt a blow to hopes the central bank would stop hiking soon and even begin cutting rates before the end of the year, while the prospect of tighter policy has fanned fears of a recession.
Years after Facebook quietly removed a slogan that declared the site was "free and always will be", parent company Meta announced on Sunday a paid-for subscription service that has already been widely criticised.. Meta is following a well-trodden path to subscription services, with rivals from Reddit and Snapchat to Twitter and Discord already in the game.
Like millions of fellow Nigerians, Rotimi Bankole says he wants to use Saturday's presidential elections to push for a better life in his oil-rich but crisis-ridden country.. - Business acumen - Saturday's election has developed into a tight three-way race for the presidency, with the frontrunners all touting their past government experience and business acumen for the country's top job.
The United Arab Emirates and Israel on Monday revealed their first jointly created unmanned vessel, illustrating their growing military ties as maritime threats rise in the Gulf region.. The unmanned surface vessel or USV was created by Israel Aerospace Industries (IAI) and Emirati defence consortium EDGE. The busy Gulf shipping lanes have suffered years of missile and drone attacks blamed on neighbour Iran.
