2025 saw global tech sector layoffs reach 244 851. In 2025, 244 851 people were laid off in the global technology industry. This, as companies like Intel, Amazon and Microsoft, among others, continued to intensify investments in artificial intelligence (AI) technologies. This is according to data released by RationalFX, which tallied figures based on layoff…
Nairobi — Chinese electric vehicle (EV) manufacturer Tiazhou Okla Automotive Co., widely known as Okla Global, has announced a strategic partnership with Hong Kong-headquartered Treadway Investment Bank to accelerate its ambitious expansion into Africa’s fast-growing automotive market. Under the agreement, Treadway will provide investment banking and corporate finance advisory services to support Okla’s continental growth…
The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday. The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 per cent this…
The report notes that while Lagos already behaves like a global start-up hub, its long-term standing will depend on how quickly infrastructure, regulation and quality of life improve. Lagos State has been named Africa’s most start-up-friendly city in a new global ranking by Multipolitan, underscoring the city’s growing influence as the continent’s leading hub for…
Professor Francisca Onaolapo Oladipo has joined the ranks of Nigerians flying the country’s flag in the international community. No too long ago, Oladipo, who is the vice chancellor of Thomas Adewumi University, Oko-Irese, Kwara State, was elected to serve on the executive committee of the Committee on Data of the International Science Council (CODATA) from…
Abuja — United Nations Secretary-General António Guterres has warned the world is at a critical turning point, urging global leaders to redirect priorities from war to peace as military spending reaches unprecedented levels. In his New Year video message, Guterres said the international community is grappling with deepening chaos and uncertainty marked by growing divisions,…
Global cocoa prices have come down after two years of rising costs. At the end of 2024, the price of cocoa almost hit US$12 000 per tonne. Now, it has dropped to around US$5 000 per tonne. That is a drop of more than 50% in just one year. Follow us on WhatsApp | LinkedIn…
The global development conversation is stuck in a loop. Advanced economies preach open markets while quietly erecting trade barriers. Institutions created to promote growth increasingly struggle to command legitimacy. For developing countries, the promise of modernisation now feels conditional, delayed, or selectively applied. It is within this context that China’s approach to modernisation — anchored…
Accra, 19th December; In a landmark moment for the global reparations movement, President John Dramani Mahama of Ghana welcomed a special delegation of leading advocates and experts from across the African diaspora to align on a unified, intercontinental reparations agenda. The group, which comprises experts from Africa, the Caribbean, Europe, Latin America and the United…
Nairobi — India sees Africa not just as a source of opportunity, but also as a strategic partner in shaping the world’s future, India’s High Commissioner to Kenya, Adarsh Swaika, said on Thursday. Speaking at his first engagement with Kenyan media since assuming office, Swaika said New Delhi’s engagement with African countries, including Kenya, is…
