German car and truck maker Daimler AG was charged on Tuesday with violating U.S. bribery laws by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals.
The board of India's Bharti Airtel on Saturday approved a $9 billion offer for Kuwaiti telecom Zain's African assets, Bloomberg reported, citing two people with knowledge of the negotiations.
Growing up in Ghana, Ashifi Gogo was amazed that he could surf the Internet on his mobile phone from anywhere, but couldn't always get clean tap water to drink. The only state-of-the-art infrastructure we have is our cellphone network,
Twelve people in a Christian village in Central Nigeria were killed Wednesday morning by attackers with machetes who set fire to homes and fired gunshots into the air.
Growing up in Ghana, Ashifi Gogo was amazed that he could surf the Internet on his mobile phone from anywhere, but couldn't always get clean tap water to drink.
Nigeria's controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments.
Extortion by corrupt officials in Russia has got so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.
China Mobile's 3G outlook will take center stage this week as China's three telecoms carriers begin to kick off quarterly results, with market focus on whether the nation's dominant player will turn up the volume in its low-key 3G roll-out.
Reported losses from Internet fraud more than doubled in 2009, with scams that falsely used the FBI's name generating the most complaints, the law enforcement agency said on Friday.
Sporadic shooting rang out overnight in the central Nigerian city of Jos and witnesses said at least one person was killed by soldiers enforcing a curfew days after attacks on three nearby Christian villages.
U.S.-based Human Rights Watch on Tuesday urged Nigeria to prosecute those behind what it called a massacre of at least 200 Christian villagers and end a cycle of impunity which has allowed instability to persist.
(Reuters) - India will have to scale up prevention of HIV to avoid having to spend an increasing share of its health budget on treatment of AIDS patients, the World Bank and other agencies said Sunday.
Four in five adults believe access to the Internet is a fundamental right -- with those feelings particularly strong in South Korea and China -- and half believe it should never be regulated, according to a global survey.
Crude edged up on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...
Phuthuma Nhleko, Chief Executive Officer of South African mobile phone group MTN (MTNJ.J), will step down as CEO and group president in March 2011, the group said on Monday.
Reports that French oil giant Total is ready to invest $20 billion in Nigerian oil and gas development spread through energy markets in an unlikely bit of positive news for the beleaguered African producer. Total, Europe's third-largest oil company and largest refiner, has its hands full trying to resolve a strike that has paralyzed its refining capacity in France and dampened global oil prices.
Oil shed over 30 cents to near $78.50 on Wednesday as investors fretted over signs of weakness in any global recovery and waited for U.S. figures later for clearer indications on crude inventories and imports.
China's No. 2 telecoms carrier China Unicom on Thursday denied any involvement in a $2.5 billion bid for Nigeria's former state telecoms monopoly.
Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
Africa's largest oil producer, Nigeria is concerned on reports that its oil reserves in the Niger Delta region will dry and disappear by the year 2040. Studies by country's Regulatory and monitoring organs blamed activities of militant groups in the region, ineptitude leadership and rapid depletion of ore, a major component for the exploration are contributory factors that may see the end of Nigeria's oil.
As a major step towards it entry into Africa's energy fields, energy hungry India expressed its desire to develop refineries, natural gas and LNG projects in oil-rich Nigeria. India's Petroleum Minister Murli Deora during his visit to the western African country said India has committed to invest more than $360 million in developing two oil blocks in Africa's largest energy-producing country.
