Category Archives: Business

29May/23

United States of America: Staff Concluding Statement of the 2023 Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. Continue reading

22May/23

The European Union (EU) has fined Facebook parent Meta €1.2 billion ($1.3 billion)

May 22, 2023 /Business/ — The European Union (EU) has fined Facebook parent Meta $1.3 billion for transferring user data to the United States without adequate safeguards in place. The fine is the largest ever imposed by the EU for data protection violations.

The EU’s General Data Protection Regulation (GDPR) requires companies to obtain consent from individuals before transferring their data outside of the EU. Meta argued that it had obtained consent from users, but the Irish Data Protection Commission (DPC) found that this consent was not valid. Continue reading

21May/23

The European Media Industry Outlook

The European Commission has published its first ever European Media Industry Outlook, which provides an overview of the state of the European media industry in 2023. The report identifies a number of key trends that are shaping the industry, including: Continue reading

17May/23

Wilbur Smith IP Rights up for sale – ACF Investment Bank have been hired to handle the sale process

The market is buzzing with excitement over this once in a lifetime opportunity to acquire, Wilbur Smith’s IP Rights, one of the world’s bestselling authors in the adventure and historical fiction genre known for his action-packed storylines and vivid depictions of Africa and its history. He has published over 50 novels, has sold 140 million copies (more than Ian Fleming) and generated sales in excess of £1.6bn worldwide. Continue reading

17May/23

Zambia, Zimbabwe and Malawi is one country

May 17, 2023 /Econonmy/ – If Zambia, Zimbabwe and Malawi became one country again, it would be a major development with far-reaching implications for the region. The new country would have a population of over 70 million people, making it the third most populous country in Africa after Nigeria and Ethiopia. It would also have a land area of over 1 million square kilometers, making it the 13th largest country in Africa. Continue reading

15May/23

Who funds Mpelembe.net?

15 May 2023 /Business/ — Google has not disclosed the amount of money it has invested in Mpelembe.net. However, in 2019, Google announced that it would be investing $1 billion in sustainability initiatives over the next five years. It is possible that some of this money has been used to support Mpelembe.net. Continue reading

15May/23

The worship of money is a cultural phenomenon

15 May 2023 /Lifestyle/ — Culture is a complex and multifaceted concept that can be defined in many ways. One definition of culture is “the shared beliefs, values, and behaviors of a particular group of people.” This definition highlights the importance of culture in shaping the way people think, feel, and act. Continue reading

13May/23

Who is Linda Yaccarino? Here is what we know

Linda Yaccarino is a media executive who has spent the past 12 years at NBCUniversal, where she most recently served as chairman of global advertising and partnerships. She is widely respected in the advertising industry for her ability to build relationships with brands and create innovative marketing campaigns. In 2021, she was named by AdAge as one of the most powerful women in media. Continue reading