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World's richest 1% gained $40 tn in a decade: Oxfam
The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda. Oxfam said that the $42 trillion figure was nearly 36 times more than the wealth accumulated by the poorer half of the world's population.
Boeing guilty plea deal filed in fatal 737 Max crashes
Boeing will plead guilty to fraud as part of a deal with the US Department of Justice over two fatal 737 MAX crashes, according to a court filing Wednesday.
US lawmakers urge Meta to delay shutting down transparency tool
US lawmakers voiced "concern" Wednesday over Meta's decision to shut down CrowdTangle -- a digital tool considered vital in monitoring falsehoods –- in a major election year, urging the tech giant to delay the move by six months. But the tech giant, which has been moving away from news across its platforms, will not make the new tool accessible to for-profit media.
Emmanuel Agyemang Badu: Ghana Legend Backs Otto Addo to Lead Black Stars to Glory
FIFA U20 World Cup winner, Emmanuel Agyemang Badu, has thrown his weight behind Black Stars coach Otto Addo following his return to the national team.
Ford profits tumble on higher costs, hitting shares
Ford shares tumbled Wednesday after the automaker reported lower than expected profits on higher costs connected to product launches and warranty repairs for older model vehicles. Lawler also pointed to elevated costs connected to product launches in the first half of 2024 for the new F-series pickup truck and Explorer sport utility vehicle.
NBA signs 11-year media deals worth reported $76 bn
The NBA announced 11-year global media rights deals with The Walt Disney Company, NBCUniversal and Amazon on Wednesday worth a reported $76 billion and running from the 2025-26 through 2035-36 season. Even though no financial details were officially revealed, ESPN, The Wall Street Journal and Forbes magazine have reported the $76 billion combined figure for the deals.
Accra Academy Boys Win Gender Ministry's Inter-School Debate
The Accra Academy Boys Senior High School (SHS) have been crowned champions of the inter-school debate organised under the auspices of the MoGCSP
Tema Oil Refinery to start production in 3 months, new MD makes pledge
Macumba Tagoe, the new Managing Director of the troubled Tema Oil Refinery has said his outfit will resume refining crude in the next three months.
Bank of Canada lowers key lending rate to 4.5%
Canada's central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation. After an unexpected upturn in May, Canada's annual inflation rate slowed to 2.7 percent year-on-year in June, the bank said, paving the way for Wednesday's rate cut.
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