Anbessa Bus Officials Charged for Squandering 55m Br

BY HAIMANOT ASHENAFI FORTUNE STAFF WRITER PUBLISHED ON NOV 20,2017 [ VOL 18 ,NO 917] The charge was brought against 11 officials of the Enterprise. The Office of Attorney General charged 11 officials of Anbessa City Bus Service Enterprise on November 7, 2017, for misappropriating 55.7 million Br from the Enterprise’s coffer. Bedelu Assefa, the former CEO of the company, his…

Early Galaxy S9 leaks show Samsung can’t copy the iPhone fast enough

A report from a noteworthy insider said on Wednesday that the Galaxy S9 and Galaxy S9+ will be nearly identical to their predecessors when it comes to the design. However, it also highlighted one unexpected detail about the upcoming pair of high-end Galaxy phones. The Galaxy S9+ and the Galaxy S9 will not offer the same…

Air China indefinitely suspends flights between Beijing and Pyongyang

Reuters Nov. 21, 2017, 10:42 PM TAIPEI/BEIJING (Reuters) – Air China Ltd has indefinitely suspended flights between Beijing and Pyongyang, citing poor demand as North Korea faces growing sanctions from the United States over its nuclear weapons and missile programs. An official in the company’s Beijing-based press office, who only gave his surname as Ding,…

US dollar will lose its ‘kingpin’ status – economist Jim O’Neill

The greenback’s status as the world’s most powerful currency has come into question, and could soon be shattered, even though contracts based on the US dollar dominate global markets. Economist Jim O’Neill says investors “have to believe” it is not going to be the kingpin currency forever. He explained it is because of intensified speculation China intends…

Uber is facing a class action lawsuit from U.S. riders alleging assault

The suit was brought by two unnamed women who were allegedly assaulted by their drivers. Uber has yet another lawsuit on its hands. In a new complaint seeking class action status, two women — who are maintaining anonymity — are asking a court to force the $69 billion ride-hail company to change many of its…

Dubai Air Show Opens With Emirates and Boeing Reaching $15.1B Deal

By The Associated Press November 12, 2017 (DUBAI) — Long-haul carrier Emirates purchased 40 American-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1 billion deal certain to please U.S. President Donald Trump who has touted the plane’s sales as a job creator in America. The deal appeared to surprise Boeing’s…

Kenya government takes over national carrier Kenya Airways in a debt swap deal

Kenyan government is set to take over control of the national carrier, Kenya Airways by raising its stake to 48 percent, from the current 29 percent shareholding as its capital optimization takes effect. The government has given Kenya Airways more than $200 million of Kenyan shilling and dollar-denominated loans, the airline said in a statement…

Bill Gates buys big chunk of land in Arizona to build ‘smart city’

PHOENIX – One of Bill Gates’ investment firms has spent $80 million to kickstart the development of a brand-new community in the far West Valley. The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The proposed community, made up of close to 25,000 acres of land, is called…

BGI BREWING 2.5 BLN BIRR RAYA TAKEOVER

11 November 2017 By Dawit Taye BGI Ethiopia has offered 2.5 billion birr to fully acquire Raya Brewery, a brewery established five years ago, in which BGI is the majority shareholder. According to reliable sources close to the subject, BGI, which currently has 42 percent stake in the brewery, has offered to buy the remaining 58…

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