Questions arise over Chinese firm’s Sh50 Billion Lamu Port dredging as container ship runs aground The MV Baltimore Express at the Port of Lamu. PHOTO/KPA. By MARITIME CORRESPONDENT [email protected] Questions have arisen over the dredging of the Lamu Port channel after a ship ran aground before it was lightened and subsequently managed to berth on…
Recent reports indicate that Anthropic, the creator of the Claude AI models, has agreed to pay Google a staggering $200 billion over the next five years for access to cloud servers and specialized chips. This follows an earlier announcement this month regarding a partnership that granted the AI startup significant infrastructure resources. This massive agreement…
South Africa’s Competition Commission has approved the R1 billion acquisition of major payment platform Pay@ by the fintech group Araxi. The transaction, facilitated through Araxi’s African Resonance subsidiary, involves the acquisition of Pay@ and its cross-border expansion arm, IPH, without conditions. The Commission determined that the deal is unlikely to substantially diminish competition in any…
3m ago Trump says he spoke with Putin about Iran President Trump told reporters in the Oval Office that he spoke with Russian President Vladimir Putin about Iran earlier Wednesday. “I talked about Ukraine, and I talked a little bit about Iran,” Mr. Trump said. “I talked about a few different subjects, mostly about…
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
Amazon and Anthropic have dramatically expanded their strategic partnership, moving beyond simple venture funding into a massive, decade-long infrastructure and capital commitment. In an announcement today, Amazon revealed a new $5 billion direct investment in the AI safety and research firm, accompanied by an unprecedented $20 billion in milestone-based payments. This follows two previous $4…
USA Rare Earth has announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares, as it seeks to challenge China’s dominance of the supply chain. The Oklahoma-headquartered company said it will pay $300 million in cash and $126.9 million in its own newly issued stock…
The Iran war has damaged as much as $58 billion worth of energy infrastructure, according to an estimate published by consulting firm Rystad Energy on Wednesday. Iran has attacked the oil and gas infrastructure of its Gulf Arab neighbors including production facilities, refineries and pipelines among other targets. Israel has bombed natural gas and petrochemical…
SAMRO ensures composers, authors and publishers are fairly compensated for the use of their musical works. The Southern African Music Rights Organisation (SAMRO) has reaffirmed its core mandate of administering and distributing royalties to music creators, announcing total distribution allocation of R630.2 million for the 2025 financial year. The 2025 distribution marks a 1.3% increase…
