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Africa

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Africa’s largest mosque inaugurated officially in Algeria’s capital

    The vast mosque, which can hold 120,000 worshippers, first opened for prayers in October 2020, but President Abdelmadjid Tebboune was suffering from Covid-19 and did not attend. Known locally as the Djamaa El-Djazair, the modernist structure extends across 27.75 hectares (almost 70 acres), and is smaller only than the two...