Category: INTERNATIONAL
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Dedicated funding for cyber-security in Africa needed
A dedicated source of funding is needed to boost cyber security in Africa, stakeholders speaking at the 2019 Ghana National Cyber Security Awareness Forum have said. According to them, a permanent and sufficient funding needs to be secured to combat the rise in cyber-crime across the world. They shared the comments at the 2019 National…
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Boeing staff texted about 737 Max issue in 2016
Boeing employees exchanged instant messages about issues with the automated safety system on the 737 Max as it was being certified in 2016. In documents provided by Boeing to lawmakers, a pilot wrote that he had run into unexpected trouble during tests. He said he had “basically lied to the regulators [unknowingly]”. The safety system…
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Asbestos discovery triggers Johnson & Johnson baby powder recall in US
Health care giant Johnson & Johnson has recalled 33,000 bottles of baby powder in the US, after health regulators found trace amounts of asbestos in a bottle purchased online. The company said it had launched an investigation and repeated prior tests have not found asbestos. The recall comes as the firm is facing thousands of lawsuits…
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![[Article] Winning Women of Wine](https://citibusinessnews.com/wp-content/uploads/2019/10/red-wine-toast.jpg)
[Article] Winning Women of Wine
The atrocities that women face in their daily lives especially in the world of work have been well documented. According to the United Nations Development Programme (UNDP), in 2014, Africa ‘lost’ up to $105 billion from gender gaps in labour markets alone, almost 6% of all production. From sexual harassment, intimidation, to sheer humiliation, the…
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2019 Africa Investment Forum: African Development Bank, partners gear up for new heights
In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda. Africa Investment Forum 2018 broke the mold for regional investments and offered lessons about what can…
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IMF warns world growth slowest since financial crisis
The global economy is growing at its slowest pace since the financial crisis, the International Monetary Fund (IMF) has said. The fund said world growth would hit just 3% this year – down from its July forecast of 3.2% and a sharp slowdown from just two years ago. The IMF blamed the slowdown on trade…
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Nigeria begins talks with major oil firms over oil revenue dispute
The Nigerian government and international oil companies are trying to find common ground on a dispute over oil revenues. Citing a 2018 Supreme Court decision, the government says it is entitled to $62 billion from companies after they failed to comply with a 1993 law that gives the state a larger share of revenues when…
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Renault ousts chief executive Thierry Bolloré in ‘coup’
French car manufacturer Renault has dismissed its chief executive, Thierry Bolloré, with immediate effect. The current finance director, Clotilde Delbos, has been appointed to run the business on an interim basis. Renault’s move comes close on the heels of the decision by its industrial partner Nissan to appoint a new chief executive earlier this week.…
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Global uncertainty continues to slow growth in Africa’s economies
Growth in Sub-Saharan Africa remained slow through 2019, hampered by persistent uncertainty in the global economy and the slow pace of domestic reforms, according to the 20th edition of Africa’s Pulse, the World Bank’s twice-yearly economic update for the region. Overall growth in Sub-Saharan Africa is projected to rise to 2.6 percent in 2019 from…
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Zimbabwe electricity price shoots up by 320 percent
Zimbabwe’s power regulator has increased the average electricity price by 320 percent. The decision was taken to allow it to ramp up production and improve supplies amid daily power cuts. Essentially, the electricity company needs more money to pay for things like diesel to power the generators. Zimbabwe is grappling with the worst economic crisis…