Business

DOF Wins Up to $25 Million African Deepwater Contract Ahead of 2027 Campaign

Norwegian offshore services company DOF Group has secured a subsea installation contract in Africa valued at between $15 million and $25 million, strengthening its order backlog ahead of an offshore campaign scheduled for early 2027. The company announced the award on Thursday, October 22, saying the work would be carried out by its construction support

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AI Discovery Triggers Global Website Shutdowns Over Critical PHP Flaws

Governments and businesses have temporarily taken websites offline after researchers uncovered critical security vulnerabilities in PHP, a widely used programming language that powers a large share of the internet. The flaws could allow attackers to execute malicious code on vulnerable servers, potentially exposing sensitive information and compromising digital infrastructure. According to “TheCable“, PHP is used

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Diaspora Transfers Rise 38% in Six Months

What Do the Latest Figures Show? Formal remittance inflows into Nigeria rose sharply during the first six months of 2026, offering fresh evidence of the growing importance of overseas money transfers to households and the foreign-exchange market. Figures attributed to the Central Bank of Nigeria show that inflows through International Money Transfer Operators reached about

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French Borrowing Costs Reach 24-Year High as Investor Concerns Deepen

French government borrowing costs rose sharply on Wednesday, October 21, as investors assessed the impact of widespread protests, political uncertainty, and the government’s struggle to strengthen public finances. The yield on France’s benchmark 10-year government bond reached 5% for the first time since July 2002, according to “Reuters” Bond yields represent the return investors demand

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Super Micro Lifts Revenue Forecast as AI Server Demand Surges

Super Micro Computer has sharply raised its revenue outlook for the first quarter of its 2027 financial year, citing stronger demand for artificial intelligence platforms and equipment used in data centres. The US based server manufacturer said on October 20 that it expects revenue for the quarter ended September 30, 2026, to reach between $18.5

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Qualcomm Plans Global Job Cuts as Chipmaker Reassesses Workforce

Qualcomm plans to reduce its workforce worldwide following its annual employee reviews, according to an internal memo from chief executive Cristiano Amon reviewed by Reuters.  The “Reuters report published on 20 October”  said notifications to affected employees are expected to begin in November 2026. The company has not disclosed how many positions will be eliminated, and

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Google Cloud Outage Disrupts UK Banking and Digital Services

A disruption affecting Google Cloud’s London-based infrastructure caused problems for several banks, financial services, and public service providers in the United Kingdom on Tuesday, October 20. The incident affected Google Cloud’s europe west2 region, which serves customers in the UK and Ireland, and resulted in elevated errors and intermittent network failures across multiple services. According to “Reuters“, the disruption affected digital banking services, including those used by Revolut, Halifax and ING Germany. Users also reported issues involving other organisations, including Lloyds Bank, HSBC, Rightmove, delivery company DPD, NHS England, and Royal Mail.

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Asian Markets Trade Lower

Asian shares mostly fell on Tuesday, October 20, following a mixed session on Wall Street, where gains in artificial-intelligence-related stocks were not matched by the broader market. According to “The Associated Press” ,Japan’s Nikkei 225 dropped 0.6% to 64,512.35 in early trading, while Australia’s S&P/ASX 200 declined 0.8% to 8,772.10. South Korea’s Kospi fell 2.8% to

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Elon Musk pledges SpaceX share to every child in America in 2027

Elon Musk has announced plans to give one of his SpaceX shares to every child in America next year, a pledge that could be worth more than $10 billion at the company’s recent stock price. The billionaire entrepreneur made the announcement on Monday, 19 October 2026, through his social media platform, X. “Next year, I

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China’s economy grows 4.5% in the third quarter as exports offset weak domestic demand

China’s economy grew by 4.5% in the third quarter of 2026 compared with the same period last year, exceeding economists expectations as strong exports and industrial production helped offset weak domestic demand. Figures released by China’s National Bureau of Statistics on Monday, 19 October showed that growth accelerated from 4.3% in the second quarter. The result also

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