Chinese e-commerce giant Alibaba, on Tuesday, announced it would split into six smaller business units, including online trading, media and cloud services. The move by the $220 billion company, effectively turning itself into a tech holding company, is unusual in China. Each unit will have its own executive board and it will be able to […]
The World Bank has pledged to step up support to African countries with a special focus on their long-term development agendas, a senior bank official said. “We need to support long-term development agendas in Africa with particular focus on infrastructure, agriculture and other real sectors. These agendas will help remove bottlenecks and unleash growth,” World […]
Three people died and six others injured, on Thursday, after a three-story building collapsed in the southern Indian state of Andhra Pradesh, officials said. The building collapsed in Ramajogi Peta area of Vishakhapatnam, the main city of Andhra Pradesh. Following the building collapse, authorities rushed police and rescue teams to the spot to carry out […]
A former Deputy Senate President, Ike Ekweremadu, and his wife, Beatrice, have been convicted of organ trafficking in the United Kingdom. A jury found that Ekweremadu, 60, his wife Beatrice, 56 and their “medical middleman” Dr Obinna Obeta, 50, were guilty of a conspiracy to bring a young man to Britain to give his kidney. […]
Russia blasted an apartment block in Ukraine with missiles on Wednesday and swarmed cities with drone attacks overnight, in a display of force as President Vladimir Putin bid farewell to his visiting “dear friend” and the Chinese counterpart, Xi Jinping. Firefighters battled a blaze in two adjacent tall residential buildings in Zaporizhzhia. Officials said the […]
Tanzanian President, Dr Samia Hassan,has launched Africa’s Food System Forum (AFSF) 2023 and calls for inclusion of youth and women as critical drivers of Africa’s food systems agenda. Hassan officially launched the forum described as ‘Africa’s premier platform’ for advancing the agriculture and food systems agenda in Africa. The theme of this year’s Forum is […]
Malawi Government has extended suspension of schools in the southern region until March 31, when the second term will to end. This is because about 230 schools have been turned into holding camps for internally displaced communities. Secretary for Education, Chikondano Mussa, made the announcement in a statement released Saturday. Mussa stated that the decision […]
The death toll from the sinking of an “unregistered” boat off northwestern Madagascar at the weekend has risen to 34, an official said Tuesday. “In total, 11 lifeless bodies were found on Tuesday during the (search) operation, bringing the number of death to 34. “The number of passengers on the boat was 58, comprising 24 […]
The State Bank of Vietnam, on Tuesday, said it would cut policy rates by 100 basis points from Wednesday to address the liquidity problem for households and businesses. The bank will cut the discount rate to 3.5 per cent from 4.5 per cent. It will cut the interbank overnight lending rate to six per cent […]
At least seven people died in Tanzania’s part of Lake Victoria infested by crocodiles between Jan. 1, and Feb. 9, officials said on Friday. The officials said most of the victims were residents of Kome Islet on the lake, the world’s largest tropical lake shared by Tanzania, Uganda and Kenya. The killings of the seven […]