France cut its contribution to the Global Fund to Fight AIDS, Tuberculosis and Malaria by 58 percent on Thursday, confirming a major reduction in funding that health organisations warn will cost lives. After months of uncertainty, the government said its pledge for the 2026-2028 cycle will fall from €1.6 billion in the previous funding period…
Scale-backs and deep spending cuts within the US government and the Global Fund to Fight AIDS are hobbling HIV treatment programs across Africa, including in Ethiopia, warns a new report from a UN health agency. “Before the funding cuts in 2025, Ethiopia was heavily dependent on external funding (mainly from the Global Fund and the…
Amazon announced a second major wave of layoffs on Wednesday, cutting 16,000 positions globally. This latest move brings the total number of corporate roles eliminated in the last three months to approximately 30,000. The restructuring is a response to pandemic-era over-hiring and a strategic shift toward the widespread adoption of artificial intelligence. Read: iCAUR charges…
Amazon said on Wednesday it was cutting 16 000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures after pandemic-era over-hiring and expands the adoption of AI tools. Reuters reported last week that Amazon was planning a second round of job cuts as part of a…
DStv has lowered the upfront cost of its decoders, added channels to its entry-level package and introduced a new payment-splitting feature as it looks to retain price-sensitive customers in a fiercely competitive market. The changes, announced on Tuesday, come as temporary package upgrades offered over November and December wind down. MultiChoice, now owned by France’s…
Ericsson has proposed staff reductions in Sweden, adding to job cuts in the global tech sector. Multinational networking and telecoms company Ericsson is looking to reduce its staff by 1 600 positions in its home market Sweden. This, as part of measures aimed at ensuring its competitive position, according to the company statement. “The proposed…
Somalia has torn up all agreements with the United Arab Emirates after UAE-backed Yemeni separatist leader Aidarous al-Zubaidi illegally entered the Gulf Arab country through the breakaway region of Somaliland, a top minister has said. The move also comes in the wake of Israel’s world-first recognition of Somaliland, which has been roundly condemned across Africa…
From eliminating deadly infections to expanding access to lifesaving vaccines, 2025 delivered meaningful progress for global health, according to the UN World Health Organization (WHO), offering cautious optimism at the close of a year marked by both breakthroughs and strain. Even as funding cuts, conflict and climate shocks strained health systems worldwide – disrupting essential…
Public pressure has forced Fifa to introduce a cheaper ticket tier for the fast-approaching 2026 soccer World Cup. This revision will see a selected number of supporters from various qualified countries pay just $60 (approximately) for matches at the tournament. About three years ago, Fifa president Gianni Infantino delivered a moving monologue on the importance…
It’s hump day and rate cut day, so I tapped senior business correspondent Christine Romans to share her reporting from the briefing with Chairman Jermone Powell. Her takeaway? There seems to be no magic bullets for some of the economic issues affecting everyday people. But the Fed has to do something, so here we are….
