Category: Business

UK imposes sanctions on three companies over Russia-North Korea ‘arms-for-oil’ trade

Britain announced sanctions on Friday against three companies and one individual over what it called the “illicit ‘arms-for-oil’ trade” between Russia and North Korea. The announcement followed a decision by the United States to impose sanctions on two Russian individuals and three Russian companies for facilitating arms transfers between Russia and North Korea, including ballistic… Read More UK imposes sanctions on three companies over Russia-North Korea ‘arms-for-oil’ trade

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U.S. announces new sanctions over Russia-North Korea arms deal

The United States announced sanctions on Thursday on two Russian individuals and three Russian companies for facilitating arms transfers between Russia and North Korea, including ballistic missiles for use in Ukraine. It is the latest round of sanctions imposed by the Treasury and State departments to disrupt and expose arms transfers between the two countries,… Read More U.S. announces new sanctions over Russia-North Korea arms deal

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Walmart to cut hundreds of jobs at its headquarters

Walmart Inc announced on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices, a shift in strategy after initially endorsing virtual work during the pandemic. “We are asking the majority of associates working remotely, and the majority… Read More Walmart to cut hundreds of jobs at its headquarters

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Israeli police raid Al-Jazeera ‘office’ following shutdown order

Israeli police raided a Jerusalem hotel room used by Al Jazeera as its de facto office on Sunday following a government decision to shut down the Qatari-owned TV station’s local operations, an Israeli official and an Al Jazeera source said. Video circulated online showed plainclothes officers dismantling camera equipment in a hotel room. The Al… Read More Israeli police raid Al-Jazeera ‘office’ following shutdown order

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U.S., Britain announces new sanctions on Iran following retaliatory attack against Israel

The United States on Thursday announced new sanctions on Iran targeting its unmanned aerial vehicle production after its attack on Israel, and U.S. President Joe Biden said G7 leaders were committed to acting together to increase economic pressure on Tehran. Britain announced that it was also introducing sanctions on Iran in co-ordination with Washington. Biden… Read More U.S., Britain announces new sanctions on Iran following retaliatory attack against Israel

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Nissi Ogulu & Kemet: Pioneering the future of electric vehicles in Africa

In a groundbreaking move for the African automotive industry, Kemet Automotive, a visionary pan-African electric vehicle (EV) company co-founded by Nissi Ogulu, was prominently featured in a recent Top Gear article. The article explores the future of EVs in Africa, highlighting the challenges and opportunities that lie ahead. Nissi, co-founder and co-CEO of Kemet Automotive,… Read More Nissi Ogulu & Kemet: Pioneering the future of electric vehicles in Africa

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SpaceX launches South Korea’s second spy satellite

South Korea’s defence ministry said on Monday the country’s second homegrown spy satellite had entered orbit after its launch on a SpaceX Falcon 9 rocket from the John F. Kennedy Space Center in Florida. The launch, which comes after Seoul’s first spy satellite was put into orbit from California’s Vandenberg Space Force Base in December,… Read More SpaceX launches South Korea’s second spy satellite

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