Novo shares fell as much as 7% on Monday after the company laid out new growth ambitions to revive its fortunes in the booming obesity drug market. The Danish company seeks to convince investors it can compete in an increasingly crowded field it helped pioneer. The company said it aims to launch more than five…
Nairobi — Italy has committed 10 billion shillings towards artificial intelligence infrastructure in 14 African countries under a partnership involving Kenya. The Ministry of Foreign Affairs says the initiative will support the development of AI capabilities across the continent, with Kenya playing a leading role in the programme in collaboration with the Italian government. The…
The Trump administration spent an estimated $9.5 billion last year on paid administrative leave for federal workers as it pushed to cut costs by shrinking the government, according to a Government Accountability Office report released Tuesday. Agencies’ use of paid administrative leave jumped by 435% from 2023 to 2025, the report found, and salary costs…
Dangote Petroleum Refinery opened its initial public offering on September 14, starting a share sale that could raise ₦2.15 trillion, or about $1.6 billion, in Africa’s largest IPO. The company is offering 4.1 billion shares at ₦525 each. The offer closes October 13, with trading on the Nigerian Exchange expected to begin in November. The…
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the final close of EIG Senior Infrastructure Debt Fund VI (“SIDF VI”) at $1.9 billion, nearly double the size of its predecessor fund. Together with $2.1 billion committed to single investor vehicles, this exceeds the strategy’s original $3 billion target and…
A truck crosses into the United States on the Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, Michigan, on September 6, 2025. Jeff Kowalsky | Afp | Getty Images Canada’s retaliatory tariffs on a swathe of U.S. goods took effect on Tuesday after trade talks collapsed last month, as relations between Washington and Ottawa…
Rising inequality is, at its core, a political and policy choice. This is the central message of the Global Justice Report authored by experts based at the World Inequality Lab, led by economists Thomas Piketty and Lucas Chancel. As economists and experts on labour, inequality and the informal economy, we believe there is a great…
Dar es Salaam — When the rains fail across Tanzania’s northern Maasai Steppe, herders drive their cattle farther in search of pasture and water. Boreholes run low. Cattle lose weight, milk yields fall and families begin selling cows, often their main source of livelihood. If the dry spell persists, herds can die, leaving families facing…
OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate, a milestone that the company is touting as proof of its “diversified business model.” The artificial intelligence company is gearing up for what is expected to be a massive initial public offering, and is under pressure to justify…
A SpaceX Falcon Heavy rocket lifts off carrying Nasa’s Nancy Grace Roman Space Telescope. Joe Skipper/Reuters Nasa’s new flagship observatory launched from Florida on Sunday on a mission to probe some of the biggest mysteries in astrophysics and cosmology. The Nancy Grace Roman Space Telescope, a roughly US$4-billion project, lifted off at 7.26am local time…
