Global News
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Tesla investors back $56bn Musk pay deal
Tesla shareholders have backed a record-breaking pay package for boss Elon Musk and approved a plan to move the firm’s legal headquarters to Texas, according to a report by BBC. The deal was blocked earlier this year by a judge in Delaware over concerns it was unfair to shareholders. The vote is a victory for the multi-billionaire, who had campaigned…
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IFP agrees to join SA unity government
The leader of South Africa’s Inkatha Freedom Party (IFP) says his party has agreed to form part of a government of national unity that includes the African National Congress (ANC) and the biggest opposition party, the Democratic Alliance (DA). Velenkosini Hlabisa told reporters at a media briefing in Durban on Wednesday: “The only options were to become part of the…
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Zuma’s party in bid to block SA’s newly elected national assembly meeting
The party led by South Africa’s former President Jacob Zuma has asked the country’s highest court to stop the newly elected national assembly from sitting for the first time on Friday, according to a report by BBC. It is a key date because that is when members of parliament are due to vote for the country’s president. But Mr Zuma’s…
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Global growth is stabilizing for the first time in three years, says World Bank
The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to hold steady at 2.6 per cent in 2024 before edging up to an average of 2.7per cent in 2025-26.…
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BREAKING: Malawi’s Vice President, nine others die in plane crash
The wreck of a plane carrying Malawi’s vice president has been found with no survivors, President Lazarus Chakwera has said. Saulos Chilima and nine others were flying within the country on Monday morning when their aircraft disappeared from airport radars. The plane, a military aircraft, was flying in bad weather. Soldiers were searching Chikangawa Forest to find the plane. In…
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ANC mulls national unity government after election loss
South Africa’s African National Congress (ANC) has suggested forming a government of national unity after losing its parliamentary majority in last week’s elections. It says it has reached out to all parties but negotiations are still underway. “The results indicate that the South Africans want all parties to work together,” ANC spokesperson Mahlengi Bhengu-Motsiri told journalists. The ANC got about…
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16 lawmakers write Biden, seek return of detained Binance Executive to US
Sixteen members of the United States House of Representatives, have petitioned President Joe Biden, urging him to intervene, as they demand the return of detained Binance executive, Tigran Gambaryan, to the United States from Nigeria. He was arrested by the Federal Government in February. Gambaryan was initially held at a guest house before formal charges were brought against him and…
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Analysis: Behind the ‘Zuma tsunami’ in South Africa
Elected, accused of corruption – fired, accused of rape – acquitted, elected president, accused of corruption again – denied again, ousted, imprisoned for contempt of court – freed, barred from becoming an MP. For most politicians almost any of these punches would have proved fatal to their career, but not for South Africa’s Jacob Zuma. Like a resolute prize-fighter, the…
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Modi claims victory in Indian election
Prime Minister Narendra Modi declared victory Tuesday for his alliance in India’s general election, claiming a mandate to push forward with his agenda, even though his party lost seats to a stronger than expected opposition, which pushed back against his mixed economic record and polarizing politics. “Today’s victory is the victory of the world’s largest democracy,” Modi told the crowd…
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Standard Chartered accused of helping to fund terrorists
A British bank, Standard Chartered that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. The UK’s largest banks, avoided prosecution by the US Department of Justice after Lord Cameron’s government intervened on its behalf in 2012, according to a report by BBC. According to BBc, a new…
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