Alibaba shares soar on AI spending boost
The Chinese tech giant joins other global firms in pledging eye-watering sums toward AI development.
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WTO chief lauds China’s decision to forgo developing country benefits as 'momentous occasion'
Ngozi Okonjo-Iweala, director-general of the World Trade Organization, described Beijing’s move as a “momentous occasion.”
Trump's top Africa envoy says ‘continent doesn’t need charity’
Massad Boulos drove home the message that Washington’s relationship with the continent is shifting from one based on aid to trade.
White House vets new candidates for CFTC chairmanship
The administration is looking for an alternative to nominee Brian Quintenz, who has gotten pushback from the Winklevoss twins.
It’s time to revamp H-1Bs
The H-1B program has been grossly abused by big consulting firms and used by tech companies and others to simply cut costs, rather than bring in top talent.
Renewable energy alliance mobilizes $4.2B for green projects in Africa
The Global Energy Alliance for People and Planet has already financed projects such as solar minigrids in Nigeria.
DR Congo’s president defends new cobalt export quota
The country had halted exports entirely in February.
Africa CDC announces $3.2B fund for domestic vaccine manufacturing
Calls for African countries to develop their own vaccines, rather than relying on imports, have increased since the pandemic.
Nigeria cuts lending rate for first time in five years
The move comes following the easing of inflation that had driven repeated hikes from early 2024.
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