Amazon shifts focus to generative AI, to axe several hundred Alexa jobs.
Amazon.com declared on Friday that it is reducing the number of positions at its Alexa voice assistant division, citing a stronger emphasis on generative artificial
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Russia ends black sea initiative with the first shipment of 200,000 tonnes of free grains to Africa.
As promised by President Vladimir Putin in July, Russia’s agriculture minister announced on Friday that Moscow had started sending free grain shipments to six African
Alibaba shuts down cloud business unit valued at $60b citing US chip export ban.
Alibaba Group has cancelled its plans to spin off its cloud computing division, citing uncertainty brought on by American export restrictions on processors used in
ECB cautions lenders over subpar IT outsourcing and loss of millions of euros.
The European Central Bank said on Wednesday that banks in the eurozone are losing millions of euros as a result of tech contractors failing them,
Nigeria’s inflation hits 27.33% in October, the highest in 18 years, damning the new Central Bank’s policy.
October saw an increase in inflation in Nigeria for the tenth consecutive month, putting more pressure on the newly appointed governor of the central bank
Nepal bans China’s TikTok for promoting social disharmony and indecent materials.
On Monday, the government of Nepal made the decision to outlaw the well-known social media app TikTok, citing the disruption of “social harmony” inside the
Nigeria’s Cardoso says the Central Bank has no magic wand to tackle economic challenges.
Governor Olayemi Cardoso of Nigeria announced on Tuesday that the central bank will support the government’s goal of economic growth by taking on “more limited
Boeing rakes $63b from Emirates group on the first day of Dubai Air Show.
With a $52 billion acquisition of Boeing Co. aircraft, long-haul airline Emirates kicked off the Dubai Air Show, demonstrating how aviation has recovered from the
Greece continues divestment of lenders with the sale of 20% of National Bank shares.
As part of its efforts to distance itself from the nation’s lenders, Greece on Monday revealed plans to sell a 20% share in the National
Israeli and Saudi ETFs suffer unprecedented outflow of funds.
When the worst violence in decades rocked the Middle East and rattled the region’s business-friendly narrative in October, foreign investors withdrew an unprecedented amount of
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