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Quartz

UK firms ready to microchip employees: forced surrender of privacy for security?

UK employees may be next in line to get fitted with microchip implants – a move that’s raising alarm among some critics. According to The Telegraph, several British companies are planning to implant the miniature devices in some of their staff, arguing the move would greatly improve...

Tuesday, January 1, 2019, 1:06 AM

UK invests millions in micro-robots able to work in dangerous sites

The UK government is investing millions in the development of micro-robots designed to work in underground pipe networks and dangerous sites such as decommissioned nuclear facilities. The ambition is for the robots, developed in British universities, to mark the end of disruptive and expensive...

Tuesday, January 1, 2019, 1:06 AM

Mozambican ex-finance minister held in South Africa on U.S. charges

Mozambique’s former finance minister, Manuel Chang, has been arrested in South Africa at the request of the United States, a police spokesman said on Monday. Chang, who was in charge of Mozambique’s finances when it guaranteed $2 billion in secret borrowing by state-owned firms in 2013...

Tuesday, January 1, 2019, 12:17 AM

U.S. companies repatriate over half a trillion dollars in 2018

U.S. companies sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street. Dollar repatriation in the July-September period fell to $93 billion,...

Tuesday, January 1, 2019, 12:00 AM

China factory activity shrinks for first time in over two years

China’s factory activity contracted for the first time in over two years in December, highlighting the challenges facing Beijing as it seeks to end a bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019. The increasing strain on factories signals...

Tuesday, January 1, 2019, 12:00 AM

Trump says ‘big progress’ on possible China trade deal

U.S. President Donald Trump said on Twitter that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. As a partial shutdown of the U.S. government entered its eighth day, with...

Tuesday, January 1, 2019, 12:00 AM

Multiple opportunities in African’s fintech scene, Mastercard head of Africa

Across Africa, smallholder farmers struggle to get a fair price for their crops because they usually have to go through middlemen or agents. The process is often opaque because the smallholder farmers – who represent 90% of agricultural output in the continent – are unable to verify the...

Tuesday, January 1, 2019, 12:00 AM

Africa gets $200m trade guarantees from Europe

Africa has received new trade alliance guarantees from the European Union of more than $200 million. The pledge was made at the High-Level Forum Africa-Europe in Vienna, Austria last Tuesday. The meeting was the first of its kind under the EU External Investment Plan. The programme will use...

Tuesday, January 1, 2019, 12:00 AM

How to finance inclusive urban development in Africa

In Africa, as elsewhere, urbanized locations exert pressure on already vulnerable populations impacted by lack of access to potable water supply, sanitation and waste management, energy supply, transport infrastructure and services. With nearly 90 per cent of global population growth occurring in...

Tuesday, January 1, 2019, 12:00 AM

How to make an African airline successful, Ethiopian Airline CEO

It is difficult to run a successful air carrier in Africa, as forecasts from the International Air Transport Association (Iata) earlier this month show. It said net profits for airlines across Africa next year are expected to fall by 0.3 per cent, a drop for the fourth consecutive year - and...

Tuesday, January 1, 2019, 12:00 AM

Delays blight Congo’s presidential vote as opposition cries foul

Long queues, broken-down machines and torrential rain in the capital disrupted voting in Democratic Republic of Congo’s long-anticipated presidential poll on Sunday, as the opposition alleged widespread irregularities. Three opposition strongholds will see no casting of ballots at all after...

Monday, December 31, 2018, 12:08 AM

Trade wars cost U.S., China billions of dollars each in 2018

The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology - and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean...

Sunday, December 30, 2018, 11:31 PM

Tesla names Larry Ellison to board

Tesla Inc has named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to...

Sunday, December 30, 2018, 11:28 PM

Living with cancer? Here are some simple things you can do to make the fight easier

It’s a disease that will affect one in two people at some point in their lives. And going through treatment for cancer is an incredibly emotional time – not just for the person diagnosed but for their loved ones too. Hair loss as a result of chemotherapy, cancer fatigue and loss of...

Sunday, December 30, 2018, 11:03 PM

Why the air you breathe could send you to the grave

Climate change is the single greatest health challenge that the world faces today, because it affects all aspects of human life and threatens to undo all the improvements made in health, warns a report by the World Health Organisation. The COP 24 Special Report: Health and Climate Change, was...

Sunday, December 30, 2018, 1:56 AM

10 worst climate-linked disasters of 2018 caused $85b in damage

From floods to extreme heat, 10 of the worst climate-linked disasters in 2018 caused at least $84.8 billion worth of damage, said a study released by the charity Christian Aid on Thursday. Extreme weather driven by climate change hit every populated continent this year, the British relief...

Sunday, December 30, 2018, 1:53 AM

Oil prices slip toward 18-month lows ahead of New Year

Oil prices fell on Friday, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year. Brent crude oil fell 56 cents to a low of $51.60 a barrel before recovering some ground to trade around $52.05 by...

Saturday, December 29, 2018, 12:00 AM

Libyan oil revenue dips to $2.4bn in November

Libya’s oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said on Friday. Although lower than the previous month, November revenue was the third highest monthly...

Saturday, December 29, 2018, 12:00 AM

Egypt: Two killed in roadside bomb attack near Giza pyramids

A roadside bomb hit a tourist bus near the Pyramids of Giza, south of the capital Cairo, killing at least two people and wounding 10 others, Egypt’s interior ministry said. A homemade device exploded at 6:15 pm (3:15pm GMT) on Friday causing the deaths of two Vietnamese tourists, a ministry...

Saturday, December 29, 2018, 12:00 AM

44,500 Ethiopians repatriated from Saudi Arabia

The Ethiopian Ministry of Foreign Affairs (MoFA) announced it has repatriated 44,500 nationals stranded in Saudi Arabia during a six months period. Speaking to local and foreign media outlets, Meles Alem, Spokesperson at MoFA, said the 44,500 Ethiopians who were stranded in Saudi Arabia were...

Saturday, December 29, 2018, 12:00 AM

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