New York, United States | AFP | Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels. Compensation figures released so far by large banks this year suggest a rich season for CEOs, despite …
Read More »US video game industry scored $43.4 bn record sales in 2018
San Francisco, United States | AFP | From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 percent from the previous year, according to figures from …
Read More »From Prince William to Mike Pompeo: top quotes at Davos
Davos, Switzerland | AFP | Here is a serving of quotes from the World Economic Forum (WEF) in Davos on Tuesday, where a year after US President Donald Trump stole the show, Brazil’s new far-right leader grabbed the limelight. “I’d like to say it’s a personal treat for me to be …
Read More »France to seek tougher oversight of 5G network gear
Paris, France | AFP | France will require telecommunications companies to allow more government oversight and control of the equipment required for next-generation 5G wireless networks due to security concerns, a government official said Tuesday. The move comes as several Western nations have barred China’s Huawei from participating in contracts for …
Read More »Mnangagwa loses ‘reformist’ claims after new crackdown
Johannesburg, South Africa | AFP | After Zimbabwe’s authoritarian leader Robert Mugabe was forced from power, his successor Emmerson Mnangagwa declared the country had turned the page on repression. Today, such claims sound deeply hollow as Zimbabwe reels from its second crackdown on protest in less than six months, analysts …
Read More »Entebbe Airport to get self-check-in service
Gemalto awarded contract for Uganda’s new e-Immigration solution Kampala, Uganda | THE INDEPENDENT | Gemalto, in cooperation with local partner SCINTL, has been awarded the contract for the supply of a Border Management System (BMS); including airport self-service eKiosks at Entebbe International Airport. The appetite for automated, self-service travel experiences …
Read More »Decades of Franco-German friendship
Berlin, Germany | AFP | Enemies during both world wars, France and Germany have since forged a close friendship, acting together as the powerhouse driving the European Union. Below are highlights of their relations since the end of World War II: – Beginnings of EU – – May 9, 1950: French …
Read More »In China, unhappiness tracks poor air quality
Paris, France | AFP | Eye-watering, throat-scratching air pollution is a major driver of big city blues in China, according to a study published Monday that matched social network chatter with fine-particle pollution levels. “The take-away is simple,” lead author Siqi Zheng, an associate professor at MIT and director of the …
Read More »A history of armed attempts to dislodge Venezuela’s Maduro
Caracas, Venezuela | AFP | Monday’s brief mutiny by Venezuelan soldiers was not the first time President Nicolas Maduro has faced a military challenge to his leadership. Since coming to power in 2013 following the death of socialist revolutionary icon Hugo Chaves, the former bus driver Maduro has faced a number …
Read More »Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain
Madrid, Spain | AFP | Cristiano Ronaldo avoided jail on Tuesday but was ordered by a Spanish court to pay 3.57 million euros ($4.1 million) for committing tax fraud when he was at Real Madrid. The court sentenced him to a two-year jail sentence that it immediately reduced to a fine of 365,000 euros, which …
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