A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at Novartis Campus in Basel, northern Switzerland, on Sept. 9, 2025. Fabrice Coffrini | AFP | Getty Images Novartis is planning to buy U.S.-based biotech Excellergy for up to $2 billion, betting on a next-generation allergy treatment that may prove…
Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach up…
Nakuru — Africa’s heavy reliance on imported livestock products is costing the continent billions of dollars annually, prompting calls for stronger political commitment to enhance local production and regional trade. Despite possessing significant livestock resources, the region imported over $10 billion (KSh1.3 trillion) worth of livestock products last year, while exporting only $3.8 billion (KSh490.2…
The next time you test your internet speed or check if a service is offline, your data will likely be feeding into a new corporate ecosystem. On Tuesday, media giant Ziff Davis announced the sale of its Connectivity division, which includes the industry-standard Ookla Speedtest and Downdetector platforms, to Accenture for $1.2 billion in cash….
Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…
Despite global progress in strengthening land tenure and governance, more than a billion people worldwide – nearly one in four adults – fear they could lose the rights to some or all of their land and housing within the next five years. The finding comes in a UN-backed report that underscores the need for stronger…
An international early warning system blocked a shipment of chemicals used to make fentanyl that could have produced up to 1.6 billion potentially lethal doses, the UN narcotics control body said on Thursday. The interception highlights to vital role of cooperation in tackling the rapidly evolving illegal drugs trade. In its 2025 Annual Report, the…
Geneva — The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) welcomed the final outcome of the partnership’s Eighth Replenishment – US$12.64 billion – at its 54th meeting on 12-13 February. “This remarkable result, achieved in a challenging global context, reflects the strong support for the Global Fund’s lifesaving…
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon shares closed up more than 1% on Tuesday, snapping a nine-day slide that shaved billions off of its market cap. The stock shed roughly 18% of its value between Feb. 2 and Friday, marking…
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.’s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world’s biggest asset management groups. Nuveen — the investment management arm…
