San Francisco, United States | AFP | Uber on Friday released earnings figures that showed its loss narrowed in the final quarter of last year while revenue growth slowed as the ridesharing giant prepares for a stock market debut. The loss for the final three months of the year amounted to …
Read More »Alibaba takes stake in Chinese video platform Bilibili
Beijing, China | AFP | Alibaba has bought an eight percent stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported. Alibaba’s e-commerce arm Taobao will reportedly own 24 million shares in Nasdaq-listed Bilibili, which claims tens of millions of regular …
Read More »Nigeria’s presidential election: the main candidates
Lagos, Nigeria | AFP | Nigeria’s presidential election that has been postponed, will feature more than 70 candidates but it is ultimately expected to be a head-to-head between just two men. – Muhammadu Buhari (All Progressives Congress) – Buhari’s landmark 2015 election victory over Goodluck Jonathan was the first time …
Read More »Governments ponder what to do with returning jihadists
Paris, France | AFP | The imminent fall of the Islamic State’s caliphate in Iraq and Syria has left many countries grappling with what to do with jihadists who want to return. Several hundred foreign jihadists are being detained by the Kurdish-led Syrian Democratic Forces (SDF), the main fighters on the …
Read More »Conservative commentators cast a spell on Trump
Washington, United States | AFP | He holds no official government position but has been called US President Donald Trump’s “shadow” chief of staff. Fox News commentator Sean Hannity is one of several conservative media personalities who exert enormous influence over the president. Their clout has been on display as …
Read More »Fact-check: Does Amazon pay ‘$0’ in taxes?
Washington, United States | AFP | A tweet by a popular US Congresswoman spotlighted a report about US tech behemoth Amazon’s tax burden for the past two years. While the company paid no US federal income tax, it reported “cash taxes paid” of $1.2 billion last year and $957 million in …
Read More »Logistical problems force Nigeria election delay
Abuja, Nigeria | AFP | Nigeria’s electoral watchdog on Saturday postponed presidential and parliamentary elections for one week, just hours before polls were due to open. The two main political parties swiftly condemned the move and accused each other of orchestrating the delay as a way of manipulating the vote. …
Read More »War kills over 100,000 babies a year: Save the children
Munich, Germany | AFP | At least 100,000 babies die every year because of armed conflict and its impact, from hunger to denial of aid, Save the Children International said on Friday. In the 10 worst-hit countries, a conservative estimate of 550,000 infants died as a result of fighting between 2013 …
Read More »Airbus A380, the Concorde: technical feats, commercial flops
Paris, France | AFP | The scratching of the superjumbo jet Airbus A380 echoes the sad fate of the supersonic Concorde, another feat of aviation technology that turned out to be a commercial flop. – Concorde, supersonic speeds – The inaugural commercial flight on January 21, 1976 of Concorde, the world’s …
Read More »Global energy demand to soar one third by 2040: BP
London, United Kingdom | AFP | Global energy demand will surge by a third over the next two decades on advancing prosperity, but Indian demand growth will eclipse that of flagging giant China, Britain’s BP forecast Thursday. “The demand for energy is set to increase significantly driven by increases in prosperity …
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