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Month: April 2022

South Africa’s $2 Billion Citrus Industry Sours With Lost Exports to Russia  

04/11/2022 Ranbiz

Russia’s invasion of Ukraine has left a sour taste for South Africa’s citrus farmers, who are facing millions of dollars in losses due to sanctions that have closed off the…

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Twitter’s Top Shareholder Elon Musk Decides Not to Join Board

04/11/2022 RanIT

Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday.  Musk, who calls himself a free-speech absolutist and has…

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Free Trade Deal to Open Doors for More Chinese Imports to ASEAN Countries     

04/10/2022 Ranbiz

The ten countries in the Association of Southeast Asian Nations now comprise China’s largest trading partner, having surpassed the European Union in 2020. That high level of trade between ASEAN…

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Is the ‘Great Resignation’ Really the ‘Great Job Switch’?

04/09/2022 Ranbiz

Millions of Americans voluntarily left their jobs during the COVID-19 pandemic, with the quit rate hitting a record high of 3% — 4.5 million people — in November 2021. So,…

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Fishy Business: Report Details Chinese Fleet’s Illegal Operations in West Africa  

04/07/2022 Ranbiz

It’s the classic postcard image of Ghana: brightly colored, narrow wooden fishing boats pulling into the dock of seaside village, bringing in the daily catch. But increasingly this way of…

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JD.com Founder Richard Liu Leaves CEO Post

04/07/2022 RanIT

Chinese e-commerce company JD.com said Thursday that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of…

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Shipping LNG to Europe: Pros, Cons for US Gulf Coast

04/07/2022 Ranbiz

International efforts to punish Russia for its war on Ukraine are being felt far from Europe, in the U.S. Gulf state of Louisiana, a hub of America’s energy sector. Late…

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US Doesn’t Want a Trade ‘Divorce’ From China

04/07/2022 Ranbiz

The United States is trying to be strategic about how it “realigns” its trade relationship with China, but is not interested in a large-scale “decoupling” or a trade “divorce,” U.S.…

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Ruble’s Strength in Face of Sanctions May Be Illusory

04/06/2022 Ranbiz

After a sharp plunge in value at the beginning of the war in Ukraine, the Russian ruble has recovered much of its value against other world currencies, a change made…

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Twitter to Start Testing Long-Awaited Edit Feature Soon

04/06/2022 RanIT

Twitter said on Tuesday it will begin testing a new edit feature in the coming months, surprising its users on the same day it said Tesla boss Elon Musk would…

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Kashmir’s Pencil Village Generates Two-Thirds of Wood Needed for Pencils in India

04/05/2022 Ranbiz

VOA’s Zubair Dar brings us the story of ‘Pencil Village’ where a factory provides two-thirds of the wood needed to make pencils in India, which exports the old-school writing implement…

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Elon Musk Named to Twitter Board After Acquiring Massive Stock Share

04/05/2022 RanIT

A day after it was revealed he owned the largest stake in Twitter, slightly more than 9% of shares, Elon Musk has joined the company’s board of directors. The Tesla…

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Russia’s Invasion of Ukraine Increases Food Insecurity in Africa   

04/05/2022 Ranbiz

U.S. government officials warn that many African countries will continue to face shortages and high food prices as long as Russia continues to wage war against Ukraine, from which Africa…

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Drones Aim to Deliver Meals, Medicines to People’s Backyards

04/05/2022 RanIT

In the U.S., some restaurants and medical supply stores are turning to drones to deliver food, medicine, and other essential goods to people’s homes. VOA’s Julie Taboh has more. …

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US to Investigate Use of Chinese Materials in Imported Solar Panels

04/04/2022 Ranbiz

An announcement by the U.S. Commerce Department last week that it would investigate allegations that solar panel manufacturers in Southeast Asia are using Chinese-made parts and evading U.S. tariffs has…

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Ukraine War Pushes Up Wheat Prices

04/04/2022 Ranbiz

Russia and Ukraine are two of the world’s biggest exporters of wheat. Sanctions against Russia and the war in Ukraine are driving up global wheat prices. VOA correspondent Scott Stearns…

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Tesla CEO Elon Musk Takes a 9% Stake in Twitter 

04/04/2022 Ranbiz

Tesla CEO Elon Musk has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, according to a regulatory filing Monday. Musk’s stake in Twitter is considered a passive…

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Sri Lanka Protesters Defy Curfew After Social Media Shutdown

04/03/2022 Ranbiz

Armed troops in Sri Lanka blocked a Sunday opposition protest march staged in defiance of an emergency curfew to protest the island nation’s worsening economic crisis, after authorities imposed a…

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Sri Lanka Blocks Social Media to Contain Economic Protests

04/03/2022 Ranbiz

Sri Lanka blocked access to social media platforms Sunday after authorities imposed a weekend nationwide curfew to contain protests over a worsening economic crisis. The South Asian nation is facing…

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Bypassing Digital Iron Curtain, Activists Message Millions in Russia

04/01/2022 RanIT

The Kremlin’s clampdown on news of the war in Ukraine has hackers and volunteers from around the world are sending messages directly to Russian citizens’ phones to keep them informed.…

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US Added 431,000 Jobs in March in Sign of Economic Health

04/01/2022 Ranbiz

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest…

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Survey Shows Young Taiwanese Lack Savings, Are Highly Indebted

04/01/2022 Ranbiz

More than 20% of Taiwanese under the age of 40 say they lack savings and 65% report they are in debt, according to new survey findings from a Taiwanese job…

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