COP28 Countdown Heats Up as Countries Spar Over Loss and Damage
COP28 is just six weeks away and countries are already trading blows over what is likely to be
2023-10-20 02:15
Netherlands, Denmark to Help Pay for South Africa’s Energy Transition
South Africa’s cabinet said that the Netherlands and Denmark have joined the Just Energy Transition Partnership, a landmark
2023-10-19 16:15
S. Africa Mulls Dutch, Danish Entry to $8.5 Billion Climate Pact
South Africa’s cabinet will consider a proposal on whether to include the Netherlands and Denmark in its landmark
2023-10-18 19:27
Biden trolls Trump by joining Truth Social because ‘it’s funny’
The Biden campaign has taken its trolling of former president Donald Trump to the next level, by announcing that it has joined his Truth Social platform. A Biden campaign spokesperson told Fox News on Monday that it plans to use its new Truth Social presence to combat misinformation – but also admitted it had joined Mr Trump’s social network site “mostly because we thought it would be very funny”. They also said that President Joe Biden plans to “[meet] voters where they are” adding that: “Republicans can’t even agree on a speaker of the House, so clearly, not every Republican thinks the same.” “We will be leveraging the fact that Republicans can sometimes be our best messengers,” the spokesperson added. The first post from @BidenHQ read: “Well. Let’s see how this goes. Converts welcome!” Other posts on the account include videos of Republican politicians such as Senator Tim Scott, former United Nations ambassador Nikki Haley and Florida Rep Matt Gaetz criticising or disagreeing with Mr Trump. It comes as Mr Trump’s social media platform is facing financial difficulties after a founding partner announced plans to return hundreds of millions of dollars back to investors. Truth Social currently has about two million active users, compared to 450 million on X and 2.91 billion on Facebook, according to Search Logistics. The Biden campaign has been fighting back against Mr Trump’s attacks, adopting the “Dark Brandon” meme and using it to fundraise off the back of. The president also trolled Mr Trump by buying up advertising space on right-wing network Fox News to take aim at the former president. One of the ads, titled “Delivers”, slammed the former president’s record with union workers and blamed him for the loss of jobs within the industry. “He says he stands with autoworkers,” a voiceover in the ad stated. “But as president, Donald Trump passed tax breaks for his rich friends while automakers shuttered their plants and Michigan lost manufacturing jobs.” It continued: “Joe Biden said he’d stand up for workers and he’s delivering. Passing laws that are increasing wages and creating good-paying jobs. Manufacturing is coming back to Michigan because Joe Biden doesn’t just talk, he delivers.” Mr Trump is leading Mr Biden in four of six key swing states ahead of the 2024 presidential election, a recent The Telegraph poll found. The former president is currently the front-runner for the Republican nomination despite facing a number of criminal indictments at both the federal level and in state cases in New York and Georgia. Read More Biden campaign trolls Trump event by buying up ads on Fox News Can Donald Trump still run for president after four indictments? Trump vows to fight gag order as he returns to NY fraud trial – live Trump vows to fight gag order as he returns to NY fraud trial – live Trump roasts DeSantis for supposedly wearing ‘hidden heels’ Trump endorses MAGA Republican Jim Jordan for House speaker
2023-10-17 19:29
South Africa Says It Can Raise $60 Billion for Its Transition to Green Energy
South Africa may be able to raise as much as 1.13 trillion rand ($60 billion) over the next
2023-10-17 17:55
Amazon to launch online shopping service in South Africa in 2024
JOHANNESBURG (Reuters) -U.S. ecommerce firm Amazon said on Tuesday it would launch its online shopping service in South Africa in
2023-10-17 16:59
The World Risks Focusing on the Wrong Things at COP28
Every year, the United Nations climate conference is gripped by major power rivalries over tiny terms. At COP27
2023-10-17 12:50
LinkedIn becomes latest tech company to conduct layoffs
LinkedIn, the business-focused social media platform owned by Microsoft, announced on Monday it would be reducing its workforce by approximately 668, becoming the latest tech company to conduct mass layoffs. “Talent changes are a difficult, but necessary and regular part of managing our business,” the company wrote in a blog post adding that the changes were a result of adapting organisational structures and streamlining decision-making. The company said the roles being cut span across engineering, product, talent and finance teams. “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect,” LinkedIn wrote. This round of layoffs comes just months after LinkedIn laid off 716 employees in May citing a change in their Global Business Organization. In the first half of this year, tech companies like Microsoft, Google, Meta and Amazon saw massive layoffs in part because the sector struggled to keep up with salary maintenance while revenue slowed down. In January, Microsoft announced it would be reducing its workforce by 10,000 following a report showing company growth was at its slowest in six years. Part of that included advertising revenue that performed worse than expected. Microsoft’s advertising revenue partially comes from LinkedIn which makes money from ads on the platform in addition to users who pay a premium membership subscription fee. Though LinkedIn saw revenue and website membership growth over the last year, it is slower than in previous years. In Q4 of 2023, the company’s revenue increased 5 per cent year-on-year – a drop from the previous quarter at 10 per cent. The company also laid off 716 workers in May, after growing massively during the pandemic. Around 40% of LinkedIn’s almost 20,000 workers were hired during the pandemic. The cuts affect approximately 3 per cent of the total workforce at LinkedIn. The company has an estimated 21,000 employees – around 40 per cent of those workers were hired during the pandemic, according to The San Francisco Chronicle. Read More Who is hit hardest by Big Tech job cuts? Cooks and janitors Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees
2023-10-17 04:56
BII, ILX to Co-Fund $500 Million of Sustainable Development
British International Investment Plc and the Netherlands-based ILX Management plan to co-fund as much as $500 million in
2023-10-16 16:53
South Africa Chides Rich Nations Over ‘Just’ Transition to Green Tech
South African central bank chief Lesetja Kganyago urged wealthy nations to meet commitments to share the cost of
2023-10-15 02:50
Wars, Trade Bans and Climate Change Turn Food Into Politics
Whether it’s bread or onions, food has the power to make or break a country’s leadership. How nations
2023-10-13 12:46
World Bank’s New Chief Says Institution Must Be Bigger, Better
Ajay Banga, the World Bank’s new president, said the lender must become bigger as well as better at
2023-10-11 17:58