Category: World

A landslide has virtually erased the village of Tarasin in the Marrah Mountains of Darfur, leaving only one person alive amid an estimated 1,000 fatalities. The disaster struck on 31 August 2025, following sustained heavy rainfall, triggering a torrent of mud and debris that demolished homes and swept away entire families. The Sudan Liberation Movement/Army, which administers the area, issued an urgent plea for international help to recover bodies and assist survivors. United Nations agencies, along with humanitarian partners, are

Nigeria has secured a production-sharing contract with TotalEnergies and South Atlantic Petroleum for two deepwater offshore blocks, under a novel legal structure designed to prioritise gas development alongside oil. The agreement spans units PPL 2000 and PPL 2001—a territory of some 2,000 square kilometres in the Niger Delta Basin—and marks Nigeria’s first PSC under its transformative Petroleum Industry Act of 2021.The PIA, enacted in 2021, acknowledges the differing economic dynamics of oil and gas sectors, offering incentives including tax

Aspen Pharmacare recorded a full‑year after‑tax loss of 1.1 billion rand in the year to 30 June 2025, a dramatic reversal from the previous year’s profit of 4.4 billion rand. The principal cause of this downturn was a contractual manufacturing dispute concerning an mRNA product agreement, compounded by asset impairments amounting to 4.1 billion rand.Revenue across the group grew marginally by 1 percent to 43 billion rand. However, manufacturing revenue plunged by 21 percent to 11.1 billion rand. Normalised EBITDA fell sharply in constant currency terms—down 62 percent

Centrus Energy Corp has delivered 900 kilograms of high‑assay low‑enriched uranium to the Department of Energy, marking the completion of its second phase under a demonstration contract and validating the United States’ ability to produce this critical fuel domestically. This achievement opens the path for expanded reactor fuel supply amid growing demand for advanced nuclear technologies.The enrichment took place at Centrus’s American Centrifuge Plant in Piketon, Ohio, where a cascade of 16 U. S.-designed centrifuges has been operating since 2023.

Cairo will host Ai Everything Middle East & Africa from 10 to 12 February 2026, establishing itself as the region’s premier destination for artificial intelligence innovation and collaboration. Supported by Egypt’s National Artificial Intelligence Strategy and ranking among the top 10 countries globally in AI and machine learning—unique among African nations—Egypt is leveraging this event to consolidate its ambition as a regional AI powerhouse.Organised under the GITEX GLOBAL network, Ai Everything MEA will unfold in Cairo, bringing together global AI enterprises,

A wave of profit‑taking sent the Nigerian equities market lower, with the NGX All‑Share Index falling by around 0.7 per cent to approximately 138,737 points on Tuesday—equivalent to a loss of nearly 0.67 per cent in market capitalisation, which dropped to about ₦87.8 trillion. The sell‑off was driven largely by pressure on heavyweight stocks such as Lafarge Africa and Transnational Corporation, while market breadth skewed negative, with far more declines than gains. Investors now face moderating Month‑to‑Date returns of –1.1 per cent, even as Year‑to‑Date

A federal district court in Virginia has ruled that Google unlawfully monopolised its publisher ad‑server and ad‑exchange markets, a decision that has now been met with a pause in Brussels, where regulators have deferred a long‑anticipated fine while awaiting developments in U. S. trade policy.A U. S. judge determined that Google secured illegal dominance in the open‑web display advertising ecosystem, by tying its ad‑server to its ad‑exchange, securing near‑absolute control over pricing and access, to the detriment of publishers,

Turkey’s sovereign wealth fund is pressing ahead with a planned sale of dollar‑denominated bonds on Wednesday after weighing a delay during a sharp stock‑market sell‑off triggered by a court decision affecting the main opposition party’s leadership. The Turkiye Wealth Fund is poised to issue both five‑year and ten‑year notes, guided initially at yields of approximately 7.625 per cent and 8.375 per cent, respectively.The decision to proceed rests on the fund’s mandate and market positioning, as it had already engaged

Barloworld has concluded an internal examination and submitted a voluntary self‑disclosure report to the U. S. Department of Commerce’s Bureau of Industry and Security, acknowledging apparent breaches of U. S. export control rules—while confirming no violations of U. S. sanctions were identified.The probe focused on the company's Russian subsidiary, Vostochnaya Technica, responsible for distributing Caterpillar machinery in Siberia. The investigation unearthed potential export control infractions, although U. S. sanctions were found to be intact.The disclosure coincides with the broader context

MrBeast is set to expand into telecommunications by launching a mobile phone service built using existing carrier networks, positioning himself as a mobile virtual network operator. According to investor materials seen by Business Insider, the YouTube star and his company plan to partner with carriers such as AT&T, T‑Mobile or Verizon, rather than constructing costly infrastructure.The business model mirrors that of Mint Mobile, where Ryan Reynolds successfully used celebrity influence to drive value and ultimately sold the venture for approximately $1.35 billion.

Nigeria has launched a bold initiative to position itself at the forefront of artificial intelligence on the African continent. The Government Leadership & AI Summit held in Abuja on 1 September brought together policymakers, private‑sector leaders and global tech executives. Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, delivered a sharp keynote, warning of the widening productivity gap if Africa fails to collaborate on AI infrastructure and governance. “If we are not deliberate, AI will widen the global productivity gap,” he said,

EU regulators have suspended the anticipated antitrust penalty against Google over its advertising technology practices, prioritising trade negotiations with the United States. A modest fine, expected after a four‑year investigation sparked by a complaint from the European Publishers Council, has been put on hold as the EU awaits a commitment from Washington to reduce tariffs on European car imports from 27.5 percent to 15 percent.3 sources familiar with the matter reported that the delay is likely to be brief, expected to last

Canada is advancing its Arctic security and defence strategy by expanding collaborations with NATO’s newest members—Finland and Sweden. As the geopolitical landscape shifts, Ottawa is actively moving beyond traditional reliance on the United States to forge deeper military, industrial and technological ties with Nordic allies, reinforcing its sovereignty and resilience in the High North.The Honourable Anita Anand, Minister of Foreign Affairs, has formalised a Canada–Finland strategic partnership on foreign and security policy, covering transatlantic security, cyber resilience, climate action, Arctic

Chinese President Xi Jinping delivered a bold address at the Shanghai Cooperation Organisation summit in Tianjin, asserting China’s leadership role in global affairs and unveiling a series of strategic initiatives—most notably a new AI cooperation centre and a development bank—that signal an assertive pivot towards a multipolar world order. With over 20 leaders present, including Russian President Vladimir Putin and Prime Minister Narendra Modi, the summit stood out as the largest gathering in SCO history.Xi began by denouncing hegemonic tendencies

The European Union is preparing to postpone taxes on aviation and shipping fuels until 2035 under its energy tax reform, a move that significantly delays the implementation of climate-aligned taxation for these sectors. A draft proposal endorsed by Denmark, the current holder of the EU presidency, outlines this extension and is slated for discussion among member states in Brussels, with an aim to reach agreement in November.The 2021 proposal to revise the Energy Taxation Directive aimed to align the

Nigeria’s energy shortfall continues to constrict economic potential, affecting millions of homes and businesses, prompting a call from Ronald Adams—Chairman of the off‑grid impact fund All On and Managing Director of Shell Nigeria Exploration and Production Company —for substantial private investment to close the gap.Addressing business leaders at the Lagos Chamber of Commerce and Industry’s 2025 International Business Conference & Expo, Adams highlighted that over 80 million Nigerians lack access to reliable electricity, a deficit that undermines productivity, healthcare, education and broader economic

Fenerbahce have parted ways with José Mourinho, bringing to an end his tenure as head coach of the Turkish giants just two days after the team failed to advance past Benfica in the Champions League play‑off. The club confirmed the decision, describing it as mutual, and extended their appreciation for his contributions to the first team since the 2024–25 season.Mourinho’s dismissal underscores the significance Fenerbahce placed on qualification for Europe’s elite club competition. The aggregate defeat to Benfica in the

A magnitude 5.1 earthquake struck off the coast of Burgos, Surigao del Norte, at precisely 8:44 am on Friday, emerging from tectonic activity beneath Philippine waters. The Philippine Institute of Volcanology and Seismology reported the quake’s epicentre at a shallow depth of around 10 km, situated roughly 10 km northeast of Burgos.Shaking was felt across parts of the Visayas, with Hinunangan in Southern Leyte recording an intensity of III—typically perceived indoors and capable of causing slight swaying in hanging items or surface water. Residents in

Mozambique’s authorities have approved projects totalling more than US$4.2 billion during the first half of 2025, with investment concentrated in the industrial, agro-industrial and tourism sectors.Gil Biles, director-general of the Agency for Investment and Export Promotion, made the disclosure at the South Africa–Mozambique Business Forum, held alongside FACIM 2025. He identified the Dondo Industrial Park among the standout ventures, characterising it as one of the most substantial and consequential initiatives approved in that period. The government’s decisions underscore the rebounding

South African President Cyril Ramaphosa unveiled a G20 taskforce led by Nobel Prize‑winning economist Joseph Stiglitz, aimed at scrutinising global wealth inequality and its consequences for economic growth, poverty and cooperation among nations. This pioneering effort marks the first time the G20 has deployed such a specialised group of independent experts, with findings due to be presented at the Johannesburg summit in November 2025.The six‑member panel comprises experts from Brazil, Uganda, India and South Africa, including Dr Adriana E. Abdenur, Ms Winnie Byanyima,

Federal Reserve governor Lisa Cook has filed a lawsuit in Washington’s federal district court challenging President Donald Trump’s bid to remove her from the Fed’s Board of Governors. The suit argues Trump lacked legal authority under the Federal Reserve Act to dismiss her “for cause,” citing mortgage‐fraud allegations tied to applications in 2021—claims she denies and which preceded her nomination and Senate confirmation in 2022. Cook also contends her constitutional right to due process was violated, as she received no advance

Global industrial suppliers RS South Africa have introduced the RS Export mobile application, granting exporters access to over 800,000 electronic, electrical, mechanical and PPE products directly from their smartphone. The app enables users to check stock levels and prices instantly, search products via keywords or part numbers, compare detailed technical descriptions and 3D schematics, and complete orders including delivery cost estimates based on destination and package dimensions.Built specifically for businesses exporting from South Africa and the UK into sub‑Saharan African