Samsung chip factory complex in South Korea Samsung Electronics on Thursday projected that its quarterly profit would top ₩100-trillion, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales. The world’s largest memory chip maker estimated an operating profit of…
BEIJING, CHINA – NOVEMBER 18: A general view of the Ministry of Finance (MOF) on November 18, 2024 in Beijing, China. Visual China Group | Getty Images Beijing’s recent push to tax the offshore wealth of its citizens may be only the opening phase of a broader campaign for income from the holdings of China’s…
At the opening of the African #Energy Efficiency Ministerial Conference at the African Union (AU) headquarters in Addis Ababa, Ethiopia this morning, the Chairperson of the AU Commission H.E. @ymahmoudali underscored Africa’s deep energy paradox: a continent rich in resources where 600M people lack electricity and 900M still rely on biomass. He called for urgent…
New research by Oxfam and CARE Climate Justice Centre, published today, finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive- for every 5 dollars they receive they are paying 7 dollars back. 65% of funding is delivered in the form of loans. This form of crisis…
South African universities are “doing a fantastic job in terms of producing ICT skills,” says Tata Consultancy Services’ Langa Dube. The company sees this as a key part of an opportunity for growth and one it will use in a “very strong way” in the next five years. Dube, who is regional director for Tata…
Over 63 million East Africans experienced severe hunger in 2024 and 40% lack access to safe drinking water. East African countries collectively contribute a tiny 0.09% of the global carbon emissions but are some of the worst-hit by the global climate crisis. Appeals for humanitarian assistance doubled from $3.1 billion to $6.1 billion during the…
The pursuit of climate-resilient and biodiversity-conscious food systems, which are commended by the United Nations, are flickering new hope into the livesof millions of Africans who still go to bed hungry. The agenda “right to food” is also being intensified. Many countries are integrating their national food systems with their agriculture. Yet, the right to…
