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Adani stocks fall in India on fraud, stock manipulation claims
Adani stocks fall in India on fraud, stock manipulation claims
Business and Economy
by  AFP

Asia's richest man Gautam Adani saw his net worth drop six billion dollars on Wednesday after a US investment firm accused him of "brazen stock manipulation and accounting fraud". Hindenburg Research published a report on Tuesday alleging that Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".

Hundreds protest S.Africa energy crisis
Hundreds protest S.Africa energy crisis
Business and Economy
by  AFP

Hundreds of people took to the streets in Johannesburg on Wednesday to protest a prolonged energy crisis causing record power cuts in South Africa. Scheduled blackouts, known as load-shedding, have burdened South Africa for years, with state-owned energy firm Eskom failing to keep pace with demand and maintain its ageing coal power infrastructure.

Microsoft scrambles to fix global outage
Microsoft scrambles to fix global outage
Business and Economy
by  AFP

US tech giant Microsoft said on Wednesday it was working to fix a networking problem that had left users across the world struggling to access tools like Outlook and Teams. "I have a paper in half an hour on MS teams and the servers are not working in India," said one Twitter user, adding: "Please do something."

EasyJet hikes profit forecast on demand boom
EasyJet hikes profit forecast on demand boom
Business and Economy
by  AFP

British airline EasyJet hiked Wednesday its annual profit guidance after record demand and falling quarterly losses, as customers prioritise holidays and shrug off the cost-of-living crisis. Lundgren noted that customers were seeking to "prioritise spending on holidays for the year ahead".