In a military operation backed by local forces, the Somali government reported that over 70 members of the Islamist militant group Al-Shabaab were killed on Tuesday. The operation was launched in response to recent Al-Shabaab attacks in the region. The terrorist group has waged a violent insurgency against the Somali government for more than 15 […]
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Botswana has reached a pivotal agreement with De Beers, securing a new 10-year diamond sales deal through its joint venture, Debswana. The deal, announced on Tuesday after seven years of negotiations, grants the government an increasing share of diamond revenues. Diamonds are crucial to Botswana’s economy, contributing to approximately 80% of exports and a quarter […]
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Unilever stunned investors with the announcement of CEO Hein Schumacher’s departure, just months after he took over the role in July 2023. Schumacher will step down as CEO and board director next month, with his complete exit from the company set for May 31. Unilever characterized the decision as mutual. Effective March 1, Unilever’s CFO, […]
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Thoma Bravo, the Chicago-based software investment giant, has successfully closed its debut European-focused fund at €1.8 billion ($1.9 billion), surpassing its initial target of €1.5 billion. The newly launched Thoma Bravo Europe Fund will target mid-market software companies in key European markets, capitalizing on the region’s accelerating digital transformation. The firm highlighted that European software […]
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The Trump administration’s broader cost-cutting initiative, including the controversial DOGE plan, is sending ripples through the commercial real estate (CRE) market, putting billions of dollars in loans in jeopardy. The General Services Administration (GSA) has rolled out a directive aimed at reducing federal office space by up to 300 leases a day, part of the […]
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In an alert on Tuesday, UN aid coordinators OCHA said that six humanitarian workers have been killed since January – the latest victim was shot during clashes last week near a hospital in Masisi Territory about 80 kilometres west of Goma, in North Kivu. The same clashes reportedly killed three other civilians and injured a […]
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Estonia is set to launch an ambitious AI initiative, “AI Leap,” aimed at equipping students and teachers with essential digital skills using AI tools like an educational version of ChatGPT. The program will begin in September 2025, initially reaching 20,000 high school students and 3,000 teachers. By 2026, the initiative is expected to expand to […]
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BBVA has set a new target of €700 billion in sustainable business investments between 2025 and 2029, more than doubling its previous goal. This ambitious goal is aimed at accelerating the bank’s environmental and social transformation within a condensed five-year timeline. Javier Rodríguez Soler, BBVA’s Global Head of Sustainability, emphasized that sustainability remains a core […]
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Syria’s interim leadership, led by the Islamist former insurgent group Hayat Tahrir al-Sham (HTS), launched a national dialogue conference in Damascus on Tuesday aimed at rebuilding the war-torn nation after nearly 14 years of conflict. The gathering, which included 600 invited representatives from across Syria, marks a pivotal step toward reconstructing the country following the […]
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Apple shareholders on Tuesday voted against a proposal to eliminate the company’s diversity, equity, and inclusion (DEI) program. The proposal, introduced by the National Center for Public Policy Research (NCPPR), a conservative think tank, argued that DEI initiatives posed financial and reputational risks. NCPPR, echoing a growing backlash from conservative activists, suggested that DEI policies […]
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