Nigeria’s NNPC reports a 28% increase in annual net profit, reaching $2.1 billion
Nigeria’s state oil company, NNPC, announced a 28% rise in its yearly net profit, reaching 3.297 trillion naira ($2.14 billion), according to Reuters. Despite economic and operational challenges, Chief Financial…
Egypt raises household electricity prices by up to 50%, according to sources
Egypt is raising electricity prices for households by up to 50% as part of its plan to phase out subsidies, according to Reuters. This is part of an agreement with…
UK tycoon Mike Lynch, who beat US fraud charges, is now missing at sea
Mike Lynch, the British tech entrepreneur who recently won a major legal battle against U.S. fraud charges, is now missing after his luxury yacht sank off Sicily, according to Reuters.…
Tanzania police chief moved after making comments about sex work
A Tanzanian police commander has been moved from her position after making controversial remarks about a gang-rape victim, BBC reports. Theopista Mallya, the police chief in Dodoma, linked the victim…
South Korea and the US start their yearly drills to address North Korea’s military and cyber threats
South Korea and the US have started their annual summer military drills aimed at preparing for North Korea’s military and cyber threats, Reuters reports. These exercises, known as Ulchi Freedom…
Canada’s Couche-Tard confirms offer to buy Japan’s Seven & i
Canada’s Alimentation Couche-Tard has officially proposed to buy Japan’s Seven & i, the company behind 7-Eleven, Reuters reports. Seven & i announced earlier that it received an initial takeover offer…
AMD to buy server company ZT Systems for $4.9 billion in cash and stock
AMD is set to buy server maker ZT Systems for $4.9 billion, aiming to boost its AI chip and hardware offerings to compete with Nvidia, according to Reuters. AMD will…
India’s Modi to visit Ukraine on August 23, shortly after criticizing Putin
Indian Prime Minister Narendra Modi will visit Ukraine on August 23, marking a significant trip aimed at strengthening ties with Kyiv. This visit comes just weeks after Modi’s visit to…
Indian doctors continue protests after a colleague’s rape and murder
Thousands of junior doctors in India are refusing to end their protests after the rape and murder of a fellow doctor, continuing to disrupt hospital services nearly a week later.…
US House Republicans claim Biden broke the law and could be impeached
A new report from House Republicans claims President Joe Biden committed serious offenses that could lead to impeachment, but it’s not clear if they will actually try to vote on…