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International Business

USA now world’s biggest crude oil producer

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.   In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a decade ago, and a …

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Alibaba Group Founder Jack Ma to Donate US$10 Million to Establish Africa Entrepreneur Prize

Jack Ma Foundation will recognize 100 African entrepreneurs over the next 10 years focused on grassroots innovation, economic empowerment of women and small businesses  Alibaba Group founder and Executive Chairman Jack Ma has launched the Jack Ma Foundation ‘Netpreneur’ Prize, a new program created to support and fund African entrepreneurs who are working to address Africa’s most important challenges and …

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AETOSWire Launches Its Innovative Press Video Service

AETOSWire, the news distribution arm of News Services Group and the exclusive representative of Business Wire, a Berkshire Hathaway company, in the MENA region, launched the innovative Press Video Service that transforms textual press releases into a less than 60-Seconds Animated Press Video.

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Corruption: KPMG To Sack 400 Workers

  On Monday 4th June, global auditor KPMG announced it would lay off up to 400 people in South Africa, in its latest shake-up following a corruption scandal that saw it lose several major clients.

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