Consumer rights champion Justin Gutmann and the law firm Charles Lyndon have today announced that class action proceedings have been launched against Vodafone, EE, Three, and O2 (the “Loyalty Penalty Claim”). The Loyalty Penalty Claim alleges the companies have been abusing their dominant positions in the UK mobile industry by charging a ‘loyalty penalty,’ in which long standing customers were overcharged for handsets beyond the end of their contractual term. Continue reading
Nov. 29, 2023 /IEconomy/ — Zambia is a country in southern Africa that has been struggling with a heavy debt burden for many years. In 2020, the country became the first African nation to default on its sovereign debt during the COVID-19 pandemic. In an effort to get its finances back on track, Zambia has been seeking to restructure its debt with its creditors. Continue reading
Danny Bradlow, University of Pretoria
Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all its creditors on how to manage this situation. This has left the southern African country in a state of development finance limbo. It is handicapped in raising the funds needed to generate jobs, build infrastructure, provide health, education and social services and deal with climate change. Its president, Hakainde Hichilema, has warned that the situation threatens to undermine its democracy.
Nov. 21, 2023 /Finance/ —
Allegations of money laundering in the City of London have been the subject of investigations and regulatory measures. The UK government has taken steps to strengthen its anti-money laundering regime, including increasing transparency requirements and enhancing cooperation with international partners.
https://youtu.be/_TBVLTQ_OnA
DeepBrain AI, in collaboration with AKA Ausfuhrkredit-Gesellschaft mbH (AKA), introduced AI avatar technology to the European financial services sector at the Euro Finance Tech Day 2023. AKA led a panel discussion featuring DeepBrain AI’s conversational AI Human technology, showcasing the use of AI and AI avatars to modernize and transform 24/7 customer support in the financial services industry. Continue reading
On the evening of October 9th, China’s first supercar production line was officially put into production at Hyper in Guangzhou, and AION launched China’s first electric luxury supercar, Hyper SSR with 1.9s 0-100km/h acceleration, which is the world’s first production electric supercar with the world’s fastest acceleration. Meanwhile, we are amazing to see that we can’t see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China. Continue reading
The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — fell from -0.18 in August to -0.35 in September, with a sharper increase in excess capacity across the world’s supply chains. Continue reading
Standard Chartered has today published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade. Continue reading
Thales, Tue, Oct 10 2023 – Following the contract signed in 2014 with Zambia Airports Corporation Limited(ZACL), Thales is modernising the ATC (air traffic control) centres at Lusaka and Livingstone international airports in Zambia.
Thales is expanding its TopSky – ATC air traffic control automation solution with two new applications. The first is Controller Pilot Data Link Communications (CPDLC), which allows clear and secure dialogue between pilots and controllers. The second is Automatic Dependent Surveillance – Contract (ADS-C), which automatically transmits aircraft flight status reports to ATM systems on the ground. Continue reading
The 7th Edition of the Future Investment Initiative (FII), slated to take place from October 24th to 26th, 2023, in Riyadh, will convene an exceptional gathering of world leaders, industry titans, financiers, innovators, and policymakers. Themed “The New Compass,” this conference will address pressing global challenges in the realms of Climate, Economy, and Technology. Continue reading