Why did China’s state media make a sudden turn towards friendlier US ties? | Politics News

Why did China’s state media make a sudden turn towards friendlier US ties? | Politics News

For years, Chinese media has portrayed the United States as an unfriendly nation that seeks to contain and weaken China on the world stage. The US has repeatedly been cast as a threat to world peace in Chinese media owing to Washington’s policies of arming Taiwan, sending military assistance to Ukraine,…

Spotify announces another round of major job cuts | Business and Economy News

Spotify announces another round of major job cuts | Business and Economy News

The move is part of a wider trend as tech companies seek savings amid a slower-than-expected economy. Spotify has announced a third major round of staff cuts this year. The music streaming giant said on Monday that it will lay off about 1,500 employees, or 17 percent of its headcount,…

Working at a giant snail’s pace a boon for Ivorian farmers | Business and Economy

Working at a giant snail’s pace a boon for Ivorian farmers | Business and Economy

They may weigh a maximum of 500 grammes (one pound) and only grow to 10 centimetres (four inches), but the farming of giant snails is proving to be big business in the Ivory Coast. Considered a delicacy for their tasty flesh, the giant snails are also used to make cosmetics…

Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

As Brazil takes over the G20 presidency on December 1 from India, Luiz Inácio Lula da Silva will be challenged to fulfil his promise of holding up the interests of the global south amid two ongoing wars and a slowing global economy. Lula also takes over at a time of…

Panama celebrates court order to cancel mine even as business is hit | Mining

Panama celebrates court order to cancel mine even as business is hit | Mining

For more than a month, protests against Central America’s largest open-pit copper mine have held Panama in a state of siege. Roadblocks have caused gas and propane shortages. Many supermarket shelves have run bare. Restaurants and hotels have sat empty. But on Tuesday, protesters in Panama got the news they…

New US sanctions target illicit financial network aiding Iran, military | Business and Economy News

New US sanctions target illicit financial network aiding Iran, military | Business and Economy News

US Treasury Department says Iran relies on brokers, front companies to finance proxies across region, including Hamas. The United States Department of the Treasury has announced new sanctions targeting 21 Iranians, foreign nationals, and firms accused of involvement in an illicit financial network for the benefit of the Iranian military….

Somalia has joined the EAC regional bloc. What happens next? | Business and Economy

Somalia has joined the EAC regional bloc. What happens next? | Business and Economy

After more than a decade of intense lobbying, Somalia has been admitted into the East African Community (EAC). After ratification by the Somali Federal Parliament, the membership will become official. The application process, started by former President Sharif Sheikh Ahmed in 2011, had been long and arduous with some member…