A Vietnamese energy mogul has delivered a sobering critique of Africa’s chronic development paralysis, warning that failure to prioritize basics like energy in countries like Kenya is fatal to economic progress.Doanh Chau, president of Vietnam Gas and Energy Science Grou
Tesla boss Elon Musk has pledged to "significantly" cut back his role in the US government after the electric car firm reported a huge drop in profit and sales for the start of this year.Musk has led the newly created advisory body - the Department for Government Efficiency (Doge) - since
BBC | Lashed by an off-season typhoon, Pope Francis stepped out on a rain-soaked makeshift stage in front of hundreds of thousands of weeping pilgrims in the central Philippines.Organisers had warned him to cancel the 2015 open air mass in Tacloban as the weather had worse
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.An IMF report released at its annual spr
Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as analysts fret over "ongoing brand erosion."The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for the year af
WASHINGTON (Reuters) - American families of victims of the October 7, 2023, attacks on Israel filed a lawsuit on Monday against a prominent Palestinian-American businessman, Bashar Masri, charging that he provided assistance in constructing infrastructure that allowed Hamas militants to carry out th
Ten British Nationals have been accused of deliberately shooting civilians in Gaza while serving with the Israeli military.The alleged war crimes include 'running a bulldozer over a dead body' and a vehicle demolishing part of a hospital.A report fronted by one of Britain's most prominent h
Residents of Moroto Municipality have expressed deep frustration over the prolonged delays in electricity supply, blaming the Uganda Electricity Distribution Company Limited (UEDCL) for not fulfilling promises made over the past seven years.Despite repeat
The Uganda Revenue Authority (URA) is set to recruit 1,260 new staff members to enhance tax collection efforts, particularly targeting high-net-worth individuals in industries such as construction, transport, and professionals.This move aims to increase revenue collections and reduce depen
Speaking at the Diaspora Exchange Forum hosted by Equity Bank, under the theme “Re-Routing Back Home: Funds Transfer for Powering Personal and Continental Growth,” Prof. Nuwagaba explained that the high cost of borrowing to develop electricity infrastructure makes lower electrici
