OUR NEWS

October 9, 2019

Relations between the European Union and the British government soured badly on Tuesday after Downing Street indicated that Brexit talks were on the verge of collapse and blamed German chancellor Angela Merkel for their failure.

European Council President Donald Tusk responded by claiming that Prime Minister Boris Johnson had no intention of concluding a Brexit deal, and accused him of playing a "stupid blame game."

The bad-tempered e...

September 27, 2019

Chinese smartphone maker Transsion, which is dominating Africa with its Tecno brand, has raised nearly $400 million in an IPO on China's hot new tech-focused stock market.

The Shenzhen-based company said in a stock market filing Wednesday that it sold 80 million shares for 35.15 yuan ($4.93) each, raising 2.81 billion yuan ($395 million).

The share sale pushes Transsion's valuation to $3.95 billion and establishes the company as one o...

August 12, 2019

In the US-China trade war, it's been a week of rapid escalation. Beijing devalued the yuan after the Trump administration threatened to slap tariffs on just about every Chinese export. The United States then labeled China a "currency manipulator," deepening the rift.

The exchanges have rocked global markets and threaten the global economy. What happens next is anyone's guess.

China has said it is prepared to fight, if necessary. And i...

March 27, 2019

The European Union has hit Google with another big antitrust fine, the third in a series of billion-dollar penalties the US tech giant has faced for hindering competition.

The European Commission on Wednesday ordered Google to pay €1.5 billion ($1.7 billion) for abusing its dominant position in online search advertising.

"Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposi...

January 28, 2019

Samsung is joining a growing number of international companies that are pledging to reduce the amount of plastic waste from their businesses.

The world's largest smartphone maker is starting to ditch the plastic packaging typically used to wrap and protect electronic devices and appliances.

Starting in the first half of this year, Samsung phones, tablets and wearable devices will be packaged in paper, pulp molds and bio-based or recyc...

August 2, 2018

Apple just became the first American public company to cross $1 trillion in value.

The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Apple is now up more than 20% this year.

Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.

Even though some think Apple (AAPL) needs a new product to keep sales and profits booming, Apple has rallied past the tr...

July 6, 2018

German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences.

''We now have tariffs on aluminum and steel and we have a discussion that is far more serious," Merkel told German lawmakers on Wednesday. "This is taking on the contours of a trade conflict — I don't want to use words that go any further. It's worth every effort to try and defuse this so that t...

June 18, 2018

African Heads of States and Governments pose during African Union (AU) Summit for the agreement to establish the African Continental Free Trade Area in Kigali, Rwanda.

The African Continental Free Trade Area (AfCFTA) has been signed by 44 African countries at a summit of the African Union in Kigali, Rwanda.

10 of the African Union's (AU) 55 member states did not sign the agreement.

The summit was a step forward for the AU's 2063 projec...

June 18, 2018

Don't bet on bitcoin ever replacing the dollar or other traditional currencies as everyday money.

That's one of the messages from a new report by an organization that represents dozens of the world's central banks.

The group, Switzerland-based Bank for International Settlements (BIS), said the "intense interest" in bitcoin and other cryptocurrencies had prompted it to look "beyond the hype" at what use they could actually contribute t...

June 6, 2018

The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF).

From its data copied to the Ghana News Agency, it shows that the US economy increased from around $19.4 trillion last year.

It said China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017. Japan is in third place with an economy of $5.1 trillion, up fr...

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