News
Chinese oil giant scraps 2 million barrels of West African crude and cuts refinery output
5+ hour, 14+ min ago (556+ words) China's Hengli Petrochemical has cancelled millions of barrels of crude oil purchases, including cargoes from West Africa, as U. S. sanctions continue to disrupt the operations of one of the country's largest independent refiners. According to a Reuters report, Hengli has scrapped…...
A Japanese submarine sank USS Juneau in World War II. One just did it again as the US and its allies train for a Pacific fight.
6+ hour, 47+ min ago (507+ words) Over 80 years ago, a Japanese submarine attacked and sank the US Navy ship USS Juneau. Now, a Japanese torpedo sent another American vessel bearing that same name to the ocean floor, but under very different circumstances. During a recent exercise,…...
Namibia receives a mobile epidemiological laboratory from Russia
6+ hour, 4+ min ago (359+ words) Russia recently handed over a mobile laboratory to Namibia to aid the Southern African country in early disease detection. The Russian health agency disclosed that the pneumoframe mobile laboratory would be used to detect dangerous infections and bolster the country's…...
11 000 jobs to be created in South Africa by the carbon plan of the world's largest online retail company
6+ hour, 29+ min ago (416+ words) The world's largest e-commerce and online retail store, Amazon, is investing heavily in removing South Africa's carbon credits. The retail corporation recently disclosed its intention to purchase carbon removal credits generated over a decade and totaling 1. 95 million tons from the…...
Nigeria's return to London-based frontier market index hits fresh hurdle over new stock settlement rules
8+ hour, 4+ min ago (650+ words) Nigeria's planned return to the FTSE Russell Frontier Market Index has hit a fresh obstacle after the global index provider paused the country's reclassification, citing concerns that a new stock settlement rule could make investing more difficult for international investors....
Tanzanian billionaire behind East Africa's biggest media group steps in after Uganda army chief shut down media outlet
8+ hour, 19+ min ago (695+ words) Tanzanian billionaire Rostam Aziz has personally stepped into the crisis surrounding the shutdown of Nation Media Group's (NMG) Ugandan operations, travelling to Entebbe for talks with Uganda's military chief as efforts intensify to restore one of East Africa's largest independent…...
Tanzanian billionaire and owner of East Africa's biggest media group personally steps in after Uganda army chief shuts down his media empire
8+ hour, 19+ min ago (695+ words) Tanzanian billionaire Rostam Aziz has personally stepped into the crisis surrounding the shutdown of Nation Media Group's (NMG) Ugandan operations, travelling to Entebbe for talks with Uganda's military chief as efforts intensify to restore one of East Africa's largest independent…...
Africa's luxury billionaire Johann Rupert completes strategic sale of 196-year-old Swiss watchmaker to Italy's Damiani
8+ hour, 51+ min ago (864+ words) Swiss luxury group Richemont, controlled by South African billionaire Johann Rupert, has completed the sale of Swiss watchmaker Baume & Mercier to Italy's Damiani Group, marking another step in the company's strategy to focus on its strongest luxury brands as the…...
Creators have made 155-year-old Vaseline one of Unilever's fastest growing brands, says CMO Leandro Barreto
1+ day, 32+ min ago (247+ words) Business Insider Africa Creators have made 155-year-old Vaseline one of Unilever's fastest growing brands, says CMO Leandro Barreto Vaseline is a 155-year-old brand that has been "reinvented through the hands of creators," said Leandro Barreto, chief marketing officer at Unilever....
Alex Karp rips into AI labs: 'These models have been completely, irresponsibly, oversold"
1+ day, 57+ min ago (457+ words) Alex Karp is not happy with AI labs. In a fiery interview with CNBC's "Squawk Box" on Wednesday, the Palantir CEO said that he was "not throwing shade" at AI leaders like Dario Amodei. ("There's nothing more fun than debating…...