Elon Musk has attracted plenty of criticism since he bought Twitter in late October and began overhauling its operations, but his influence on other social media moguls has been undeniable. These CEOs have been taking notes and mimicking parts of his strategy, from cost-cutting to paid verification. The latest CEO to acknowledge that influence is Reddit’s Steve Huffman. He told NBC News in an interview last week that Musk had demonstrated how a social media app can pursue profit without needing to grow to the enormous size of Instagram — specifically, by cutting operating costs without apology. “He’s affected us, but maybe in a way that’s not obvious…
Author: herbert
President Akufo-Addo has denied claims of being behind the prosecution of embattled former Member of Parliament for Assin North, James Gyakye Quayson. He says he has never interfered in the work of the judiciary throughout his stay in office as President. Addressing supporters of the New Patriotic Party (NPP) at Assin Breku in the Central Region ahead of Tuesday’s by-election, President Akufo-Addo insisted that Mr Quayson is being prosecuted because he found himself on the wrong side of the law. He quizzed the difference between Mr. Quayson and the ex-Member of Parliament for Bawku Central, Adam Sakande who was prosecuted…
The Ministry of Energy says no contract has been signed between Tema Oil Refinery (TOR) and its potential partners, Torentco. The Ministry insists even though negotiations are ongoing between the state agency and Torentco, nothing has been finalised. The spokesperson for the Ministry, Kofi Abrefa Afena in a press statement issued on Sunday, June 25, asked the critics of the sector minister, Dr. Matthew Opoku Prempeh, to verify their allegations before making them public. “Dr. Matthew Opoku Prempeh as Energy Minister has demonstrated without a shred of doubt, his total commitment to getting TOR back to work in line with…
John Mahama says he will appoint the embattled former Assin North MP James Gyakye Quayson as a minister if he is elected president in the 2024 polls. According to the flagbearer of the National Democratic Congress (NDC), Mr Quayson has proved that he is a development-oriented politician. The former President said the embattled former MP even as an opposition lawmaker has done enough for the constituency with his own resources. Mr Mahama made this known on Sunday, June 25, when he addressed Assin North constituents prior to the impending by-election for the constituency on Tuesday, June 27. “He [Gyake Quayson]…
United Bank for Africa (UBA) Plc on Monday, June 19, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to invest $6 billion as funding for African Small and Medium Enterprises (SMEs) within the next three years. A breakdown of the $6 billion investment shows that a total of $1.2 billion has been budgeted for the year 2023; $1.9 billion for 2024 and $2.88 billion for 2025. UBA signed the agreement with AfCFTA on the sidelines of the opening ceremony of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra. By this agreement, UBA to boost…
A flagbearer aspirant of the New Patriotic Party (NPP), Joe Ghartey says his desire to lead Ghana as President is not for personal gain but rather to be a blessing to Ghanaians. The Essikado-Ketan Constituency Member of Parliament said this after filing his nomination form on Saturday, June 24, 2023, to contest the Presidential primaries of the party. Addressing supporters at the party headquarters in Accra, the politician and lawyer said politics is not about what one will get but rather about what one can do for humanity. Mr Ghartey says leadership should be about “blessing people so God can…
Manchester City have confirmed captain Ilkay Gundogan will leave the club and join Barcelona on a free transfer. Gundogan was offered a new contract by City but will instead move to the Spanish champions on a two-year deal. The Germany midfielder, whose City contract expires at the end of June, said it had been a “total privilege and pleasure” to play for the club. “Manchester has been my home and I have felt part of a very special family at City,” Gundogan added in a statement. The 32-year-old played 51 games in 2022-23, scoring 11 goals, as he played a key…
Kalidou Koulibaly has become the latest Chelsea player to move to Saudi Arabia after the defender completed a transfer to Al-Hilal for an undisclosed fee. The centre-back, 32, joins Ruben Neves at the Saudi Pro League side following the Wolves midfielder’s £47m switch. Chelsea midfielder N’Golo Kante has also agreed to sign for Saudi champions Al-Ittihad, while team-mate Edouard Mendy is close to joining Al-Ahli. Koulibaly signed for Chelsea from Napoli last July on a four-year deal. He arrived at Stamford Bridge with European and international experience, after helping Napoli win the Italian Cup in 2020 and Senegal claim the Africa Cup of Nations…
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Economist Intelligence Unit (EIU) expects inflation to end the year at 38.1 percent on the average, despite a slowdown in monthly inflation over most of the period. According to the UK-based firm, the upward domestic price pressures will be spurred in part by pass-through effects of sustained depreciation and the introduction of new taxes, including a rise in the Value Added Tax (VAT) rate and excise duties. “We expect inflation to rise further on average in 2023, to 38.1%, despite a slowdown in monthly inflation over most of the period, with inflation having declined to a (still very high) annualised…
