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Five things to know about the first G20 held in Africa
Leaders of the world's largest economies meet in Johannesburg on November 22 and 23 for the G20 summit, being held for the first time in Africa. - Johannesburg in the spotlight - The G20 leaders' meeting will be hosted at the Nasrec Expo Centre, South Africa's largest purpose-built conference venue.
World wine output set for modest 2025 recovery: industry body
Global wine production is on course for a modest recovery in 2025 after suffering a sharp downturn last year, the industry's international body said Wednesday.
Renewables outpace fossil fuels despite US policy shift: IEA
Renewable energy is still expanding faster than fossil fuels around the world despite policy changes in the United States, with oil demand possibly peaking "around 2030", the International Energy Agency said Wednesday. In the IEA's Stated Policies Scenario (STEPS), oil demand would peak "around 2030" and decline to 100 million barrels per day by 2035 before falling in subsequent years.
Cambodia's Prince Group denies link to scams after asset seizures
A Cambodian conglomerate whose founder has had more than $15 billion of allegedly ill-gotten assets seized said it "categorically rejects" claims he amassed his fortune running an internet scam empire. US investigators seized around $15 billion worth of Bitcoin they allege are criminal proceeds -- the largest forfeiture action in the Justice Department's history.
Asian markets up on hopes over shutdown deal, rate cut
Equities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut. Adding to the upbeat mood was expectations for a Fed rate cut in December after data from private payrolls firm ADP showed US companies shed 11,250 jobs per week on average in the four weeks ended October 25.
Bangladesh's liquor industry a surprising success
Syrupy aromas drift across the guarded compound of Bangladesh's only licensed distillery, a state-owned producer posting record profits in the Muslim-majority nation, where Islamists are staging a political comeback. Carew provides the only source of regulated liquor -- alongside a separate brewery producing Hunter, Bangladesh's only beer, owned by the Jamuna Group conglomerate.
Google unveils $6.4 bn investment in Germany
Google unveiled its biggest-ever investment in Germany on Tuesday, pledging 5.5 billion euros ($6.4 billion) for a new data centre and other projects, as Europe seeks to catch up in the AI race.
UK court jails Chinese bitcoin fraudster for over 11 years
A Chinese woman who masterminded a multibillion-dollar bitcoin scam and evaded authorities for years was sentenced to 11 years and eight months in jail by a UK court Tuesday. The court heard that she evaded UK authorities for around six years.
Fanfare as Guinea launches enormous Simandou iron ore mine
Authorities in Guinea on Tuesday officially launched production at Simandou, a gigantic mining project that they hope will propel the poor west African country into the ranks of the world's largest iron exporters. Doumbouya, who came to power in a 2021 coup, declared the day a public holiday, a sign of the importance authorities have attached to the mine.
AFP
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