Month: March 2024
Three Red Sea Data Cables Cut
There has been concern about the cables being targeted in the Houthi campaign, which the rebels describe as an effort to pressure Israel to end its war on Hamas in the Gaza Strip. The Houthis have denied attacking the lines. Three cables under the Red Sea that provide global internet and telecommunications have been cut
Arson attack on Tesla Factory
Tesla wants to double the size of its plant which is its only one in Europe – but the protestors are against this as it would involve chopping down nearby trees. The Tesla factory currently makes around 500,000 cars a year the Elon Musk owned company wants to double that. Tesla halted production at its
Russian Black Sea fleet ship sunk i
According to Ukraine, the vessel played a part in the attack on Snake Island on the first day of the full-scale invasion of Ukraine in February 2022, along with the Moskva cruiser. The Moskva was sunk by Ukraine in 2022. Ukraine said the cost of the sunken Sergei Kotov ship was $65m (£51.2m), adding that
Elon Musk sued for $128m
Elon Musk is facing a lawsuit from Twitter’s former top brass, who say he owes them more than $128m (£100m) in unpaid severance. In the lawsuit, they contend that under a years-old severance plan they are owed one year’s salary and stock awards. That would total more than $57m for Mr Agrawal; more than $44m
Multipolar war
African leaders believe that a multipolar world of transactional international relations, where many powers compete for influence, is in the ascendant. Iran, Russia, Saudi Arabia, Turkey and the United Arab Emirates (uae) are among those offering themselves as investors, security partners and allies. Meanwhile, America has lost focus on Africa. It remains absorbed with Asia
Extend oil cuts to boost prices
Russia’s invasion of Ukraine in 2022 sent oil prices soaring to $140, raising earnings across the industry. The OPEC+ oil alliance of 22 nations has implemented supply cuts of more than five million barrels per day (bpd) since the end of 2022.Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production
Working remotely in Germany
German economic research institute Ifo says that working from home has now become embedded in the country’s work culture at least in some realms of employment. Working from home is the not-so-new normal for many German workers, More than a third of service sector employees do their jobs remotely at least some of the time.
Australia’s transition to green energy
One in three homes in Australia have solar panels, and the trend is projected to double in the following decade. However, as green energy soars in Australia, a new set of challenges have surfaced. The power prices are plunging into negative numbers during the daytime due to individual solar panels. Large solar power companies, such
Apple fined more than a billion dollar
In January, Apple announced plans to allow EU customers to download apps outside of their own app store, as the introduction of the Digital Markets Act (DMA) drew closer. The aim of the European Union’s DMA is to help competition in the technology sector and to try to break down the stronghold the likes of
Hamas for peace talks
The final days leading up to the anticipated truce have been exceptionally bloody, with talks overshadowed by the deaths of 118 people near a food convoy where Israeli forces opened fire. Hamas called it a massacre; Israel says most of those killed were trampled in a stampede.A delegation from Hamas arrived in Cairo on Sunday