Microsoft said for the third largest console maker to be buying a major gaming franchise would’t overturn a competitive market. U.S. regulators don’t agree.
Category: Worldwide
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FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
Former FTX CEO Sam Bankman-Fried will be released on $250 million bail, a federal judge said, as part of a deal between defense attorneys and prosecutors.
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Chad strikes a debt deal under the G20 Common Framework
Chad became the first country to agree to a deal with its creditors, including Swiss commodity house Glencore, under the G20 Common Framework — designed to provide debt relief to developing nations. Reuters was also first to report confirmation of the agreement and exclusively sketched out rare criticism from World Bank President David Malpass. Progress...
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Ethiopia debt relief delay partly due to civil war, state finance minister says
Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring under the Group of...
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Rotavirus childhood vaccine shortage hits four African countries
[vc_row][vc_column][vc_column_text] Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious infection, which is the...
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Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil
Coca-Cola’s estimated $3 billion initial public offering for its African bottling unit will likely take place in the third quarter, after market turmoil linked to the war in Ukraine upset plans to list earlier. The flotation of Coca-Cola Beverages Africa would be the biggest on the Johannesburg Stock Exchange since at least 2016 and a...
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Shell’s Nigerian oil assets attract interest from local firms
Five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African country’s...
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Drug overdose deaths among teenagers surged during the pandemic driven by illicit fentanyl
Fentanyl was involved in 84% of the deaths while opioids of any type were involved in 91%.
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EU approves measure to limit natural gas prices in effort to combat energy crisis
European Union energy ministers agreed to a “dynamic” cap on natural gas prices Monday after two months of intense negotiations.
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Revenue Statistics: Key findings for Australia
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Australia increased by 0.8 percentage points from 27.7% in 2019 to 28.5% in 2020.* The corresponding figures for the OECD average were an increase of 0.2 percentage points from 33.4% to 33.6%.