Month: August 2023
Canadians frustration with Meta ban to news sharing on Facebook during emerges
Meta – which owns Facebook and Instagram – began blocking access to news for its Canadian users on 1 August, not long after Canada’s parliament passed an online news bill that will require platforms like Google and Meta to negotiate deals with news publishers for content. As Meta rolls out the ban as part of
Bitcoin’s lack of volatility
Bitcoin’s earlier reputation as a highly volatile asset attracted traders who thrived on rapid price swings. With the decrease in volatility, such opportunities for substantial short-term gains have become less common. To harness the benefits of Bitcoin’s stability while mitigating the drawbacks, investors are advised to adopt a diversified approach. While Bitcoin’s reduced volatility might
BRCS Debut Bond in South African Market
The New Development Bank was established with the purpose of mobilising resources for infrastructure and sustainable development projects in BRICS (Brazil, Russia, India, China and South Africa) countries and other emerging market economies and developing countries, complementing the efforts of multilateral and regional financial institutions for global growth and development. In 2021, NDB initiated membership
African Continental Free Trade Agreement economic integration
While admitting global economic challenges including geopolitical tensions, inflationary pressures, supply chain disruptions, anti-globalisation sentiments, covid, and the Russia-Ukraine conflict has affected the trading system globally, there is the need to accelerate implementation of the African Continental Free Trade Agreement to help African economies to build resilience and become competitive regionally and globally. The establishment
Google fined $32,000 for videos about the conflict in Ukraine
Since sending troops into Ukraine in February 2022, Russia has enacted an array of measures to punish any criticism or questioning of the military campaign. A Russian court on Thursday imposed a 3-million-ruble fine on Google for failing to delete allegedly false information about the conflict in Ukraine. Google was also found guilty of not
Iranian Foreign Minister diplomatic visit to Saudi Arabia
Iranian Foreign Minister Hossein Amir-Abdollahian is in Saudi Arabia for an official visit, It is the latest sign of improved relations between the two regional rivals since the resumption of diplomatic ties in March. A Chinese-brokered deal announced in March saw the long-time rivals agreeing to reestablish relations. Since then, Saudi Foreign Minister Prince Faisal
South Africa economy for siding with Russia
Since its inception more than two decades ago, the African Growth and Opportunity Act (AGOA) has offered Africans the opportunity to engage and establish business networks from Africa to the United States and vice versa. Concerns arose when the United States formally indicated that South Africa was in danger of being ousted from the African
NATO forces to merge with the AUKUS security pact
Western nations are planning to integrate NATO forces with the AUKUS security pact between Australia, the United Kingdom, and the United States, Australia, the U.S., and the UK announced a new trilateral defense partnership called AUKUS in September 2021. The pact also includes cooperation on advanced cyber mechanisms, artificial intelligence, and autonomy, quantum technologies, undersea
ECOWAS Urged to remove sanctions against Niger to allow for negotiation
After the military coup that removed the elected president of the Niger Republic, President Tinubu ordered the disconnection of the power supply to the Niger Republic and the closure of borders between the two countries as part of sanctions for toppling a government, the Northern Elders Forum (NEF) has pleaded with President Bola Tinubu to
Grain Ship leaves Odesa
Last month Russia pulled out of a deal guaranteeing safe passage for exports across the Black Sea, and said any ship heading for Ukrainian ports could be considered a military target. Ukraine is a major grain and oilseeds exporter, and the blockade has contributed to raising food prices globally. A merchant ship has left the