Ghanaian businessman Kennedy Agyepong has been admitted to Nyaho Medical Centre after sustaining injuries from a fall. He is in a serious but stable condition.
PwC Ghana has projected that the cedi will maintain broad stability over the medium term, despite a recent bout of depreciation that has weighed on the cedi.
Amazon on Monday said it was dropping its plans to buy the iRobot vacuum maker after the EU's antitrust authority objected to the plan over competition concerns. The EU said it was especially concerned that Amazon's role as the world's preeminent internet retail hub would allow it to crush competition from other vacuum-makers seeking online buyers.
Iconic Berlin department store KaDeWe said Monday it had filed for insolvency, as rising rental prices in Germany left it struggling to stay afloat. Its iconic status has seen it become the subject of a television series in Germany, which dramatised the lives of employees at the up-market department store.
Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt. Nevertheless, the decision to sell a stake in the postal service to foreign investors marks a shift from a statement she made in 2018, four years before becoming prime minister.
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