Apple has committed an additional $100 billion to expand its U.S. manufacturing efforts, bringing its total planned investment to a staggering $600 billion over the next four years. This move, announced in response to pressure from President Donald Trump, includes a new American Manufacturing Program aimed at moving more of Apple’s supply chain and advanced…
Monrovia — The largest pledge ever by the Gates Foundation for research work into “chronically underfunded areas” of women’s health was announced by the foundation on Monday. The foundation’s commitment is U.S.$2.5 billion for health research and development, and will support more than 40 innovations, particularly those affecting women in low- and middle-income countries. “Investing in…
Tesla is proposing a new stock award of 96 million shares, valued at approximately $29 billion, to incentivize Elon Musk to remain as CEO. This new compensation package comes after a Delaware court voided Musk’s original 2018 pay deal, which was worth over $50 billion. The court ruled that the initial package was flawed and…
Africa, the world’s second-largest gold-producing region after China, is witnessing a surge in gold mining investment in 2025, fueled by strong global demand, favourable prices, and vast untapped reserves attracting increased international interest. So far, billions of dollars in investments have been announced in recent months highlighting a growing momentum, according to experts at Energy,…
The future ticket counter at JFK’s new Terminal 1. Leslie Josephs/CNBC It’s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport in New York City is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The…
The 32nd Annual Meetings of African Export-Import Bank (Afreximbank) witnessed a flurry of deal signings with four project preparation transactions signed between the Bank and various entities that are expected to unlock investments valued at about 1 billion USD that set to transform key sectors across Africa. In Kenya, the groundwork has begun for a…
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its…
New York — Today, 3.4 billion people live in countries that spend more on debt interest payments than on health or education. This marks a trembling indication that the United Nations’ promise for the 2030 Agenda could be slipping away. With less than five years left, developing countries are facing an estimated USD 4 trillion…
Elon Musk’s Starlink is reportedly mulling a significant R2 billion investment in South Africa as a potential strategy to secure an operating license, according to anonymous sources cited by Business Day. This move could be a way for the satellite internet company to work around South Africa’s black empowerment regulations. Read: Nothing Phone 3: A…
Bank Zero, the innovative digital mutual bank, is set to be acquired by Lesaka Technologies for R1.1 billion, according to an announcement by Bank Zero chairman and co-founder Michael Jordaan. The acquisition is pending necessary regulatory approvals. Read: Honor unveils the world’s thinnest foldable, the Magic V5 Bank Zero, co-founded seven years ago by Michael…
