Author: Solomon Alaka

BT Urges Critical Public Services to Transition from Outdated Copper Network to Digital Systems

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BT Group has raised alarms about the potential disruption of essential public services in the UK, urging key providers of critical national infrastructure to accelerate their transition from the country’s outdated copper-based telephone network to more reliable digital systems. The current Public Switched Telephone Network (PSTN), which underpins many public services, is aging and increasingly […]

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Diageo Dismisses Reports of Potential Sale of Guinness and Stake in Moët Hennessy

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Diageo, the UK-based drinks giant, has firmly denied recent media speculation suggesting it is considering selling its iconic Guinness brand or its 34% stake in Moët Hennessy, the luxury champagne and cognac producer. In response to a Bloomberg report, Diageo released a statement on Sunday confirming it has “no intention to sell either” asset. The […]

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Barclays Europe CEO Calls for Collaborative Effort to Fund AI Infrastructure and Energy Needs

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Barclays Europe CEO, Ceccato, emphasized the urgent need for large-scale investment in AI infrastructure and energy, highlighting that no single entity—be it a company or government—can bear the full burden of these requirements. His comments come amid a significant announcement from US President Donald Trump regarding a joint venture, Stargate, which will invest up to […]

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Norway’s Sovereign Wealth Fund Posts Record $222 Billion Profit, Boosted by Tech Sector Surge

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Norway’s sovereign wealth fund, the largest of its kind globally, reported a record-breaking annual profit of 2.5 trillion kroner ($222.4 billion) for 2024, driven by a strong performance in the technology sector. Managed by Norges Bank Investment Management (NBIM), the fund posted a return on investment of 13% for the year, despite slightly underperforming its […]

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Netanyahu to Visit Washington for Key Talks on Gaza Ceasefire Deal

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Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump in Washington on February 4, 2025, following an invitation from the White House, Netanyahu’s office confirmed. The focus of the meeting will be on the second phase of the Gaza ceasefire deal, which began on January 19. The initial phase of […]

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Egypt Detains Activists Ahead of UN Human Rights Review

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Ahead of Egypt’s scheduled review by the United Nations’ Universal Periodic Review (UPR) on January 30, 2025, human rights organizations have raised alarm over the arbitrary detention and harassment of activists. Amnesty International reported on January 29 that Egyptian authorities have been investigating and detaining several high-profile critics, including politicians and activists, in a clear […]

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U.S. Issues Evacuation Advisory for Citizens in Congo Amid Violent Protests

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The U.S. government has issued a travel advisory urging American citizens to evacuate the Democratic Republic of Congo (DRC) following a surge of violent protests in the capital, Kinshasa. The protests, which have been fueled by political tensions, saw hundreds of demonstrators attacking foreign embassies, including the U.S. Embassy, and a United Nations building. In […]

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At Least 22 Nigerian Soldiers Killed in Northeast Insurgency Counterattack

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A deadly counteroffensive by insurgents in Nigeria’s northeast has left at least 22 soldiers dead and several others wounded. The Nigerian military launched an assault 10 days ago in an attempt to weaken militant groups, primarily Boko Haram and Islamic State West Africa Province (ISWAP), which have been active in the region. The insurgents deployed […]

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EIB and AllianzGI Partner to Mobilise €7.5 Billion for Climate Projects in Emerging Markets

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The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) have teamed up to create the Emerging Markets Climate Action Fund (EMCAF), a private equity fund aimed at mobilising €7.5 billion for climate-focused projects in developing and emerging economies. Launched in 2021, EMCAF is designed to support renewable energy, energy efficiency, and other climate initiatives […]

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A2A Issues First Green Bond Under European Standard, Raising €500 Million

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Italian utility company A2A has successfully issued the first-ever green bond in compliance with the European Green Bond Standard (EuGBS), a framework introduced in December 2023. The €500 million bond, with a 10-year maturity, is aligned with the European Union’s Taxonomy, which defines sustainable economic activities. This issuance marks a significant milestone for both A2A […]

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