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Chinese regulators fined Alibaba Group $2.8 billion on Saturday over charges the online retail giant violated monopoly rules, state media reported. China’s State Administration for Market Regulation imposed the penalty after concluding the world’s biggest e-commerce platform had exploited its dominant market position to punish traders who offered goods on …

The risks of climate change are still staring the world, changing weather patterns, impact on flora and fauna, and with the outbreak of the COVID-19 pandemic and it’s impacts, the global economy is predicted to decline. In response to climate impacts, the World Bank Group says it would increase climate …

President Nana Addo Dankwa Akufo-Addo on Thursday asked the Engineering Council of the Ministry of Works and Housing to conduct a comprehensive integrity audit of all public buildings to enable government to effectively plan for earthquakes and other natural disasters. He has also urged the Ghana Geological Survey Authority to …

Dr Matthew Opoku Prempeh, the Energy Minister, says the intermittent power outages currently being experienced in parts of the country is not because of power generation capacity challenge or fuel shortage. According to him, it was due to the upgrading of the transmission system to ensure power supply reliability across …

Ghana is one of the countries in Africa facing high risk of debt distress, because the country has been on a borrowing spree. Some available data shows that Ghana has since 1998 borrowed more than $13.5 billion from the Chinese. The highest the country has ever borrowed was $1.77 billion …

The South Korean electronics manufacturer LG is closing its loss-making mobile phone business. The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul. The shutdown of LG’s mobile phone sector is expected to be completed by the end of July. However, devices …

There was a time when most African governments saw China as an alternative to cheap, condition-free lending, and China took advantage to position itself as a lender of choice as African countries trooped to China for loans they couldn’t obtain from traditional Western lenders. Data collected and processed by the …

The World Bank has continued to finance programmes aimed at social interventions and poverty reduction in Ghana. Even though Ghana was doing well at some point in reducing poverty, poverty reduction in the country has slowed. The outbreak of the COVID-19 pandemic has exacerbated economic conditions across the world including …

The Gambia, like all other countries of the world, has been hit by the global coronavirus disease (COVID-19) pandemic. In response, the government introduced some measures including testing for the virus before any international travel.  The international travel regulation required all travellers to have negative COVID-19 test results before they …

As Africa countries continue to struggle with the ripple effects of the COVID-19 pandemic of their economies, and wider society, even as many are buried under growing debts, a new UN report has warned that the devastating impacts of the pandemic on Africa will be felt for many years unless …