October 2024 - Page 2 of 56

31 Oct

Trump Loses $1.3 Billion In Net Worth After His Social Media Stock Plunges

FredBusinessDonald Trump

After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged 22.3% on Wednesday. That marks Trump Media’s worst one-day loss since going public in March, narrowly exceeding a loss of 21.5% on April 1. At Tuesday’s close above $51, Trump’s dominant stake in the company was valued at about $5.9 billion. By the end of trading on Wednesday, the value of Trump’s shares tumbled to $4.6 billion.…

31 Oct

Ursula Owusu-Ekuful Launches ‘eSkills4Jobs’ For Job Initiative

FredBusinesseSkills4jobs, Ursula Owusu Ekuful

The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful, has launched the ‘eSkills4Jobs’ initiative as part of the government’s digitalisation agenda, aimed at equipping over 5,000 Ghanaian youth, particularly women in marginalized communities and People with Disabilities (PwDs), with essential digital skills. Speaking at the official launch of the initiative at the Ghana-India Kofi Annan Centre of Excellence in ICT (GI-KACE) auditorium, Owusu-Ekuful emphasized that ‘eSkills4Jobs’ is designed to empower individuals by providing them with the digital capabilities necessary to thrive in today’s global job market. The initiative, a collaborative effort between GI-KACE, the Ministry of Communications and Digitalisation (MoCD), and the…

31 Oct

China’s BYD Overtakes Tesla Revenue For The First Time

FredBusinessBYD, Tesla

The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla's for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk's company whose quarterly revenue was $25.2bn. However, Tesla still sold more electric vehicle (EVs) than BYD in the third quarter. It comes as EV sales in China have been getting a boost from government subsidies to encourage consumers to trade their petrol-powered cars for EVs or hybrids. BYD also notched a monthly…

31 Oct

Government Insists On Private Participation In ECG

FredBusinessECG

Government is ramping up efforts to engage the private sector in Electricity Company of Ghana (ECG) operations. The move is part of a broader strategy aimed at enhancing operational efficiency and ensuring long-term sustainability in response to ongoing financial challenges in the energy sector. Finance Minister Dr. Mohammed Amin Adam reaffirmed government’s commitment to reform the energy sector during the October 2024 IMF/World Bank meetings held last week. He highlighted a substantial annual shortfall of US$1.2billion (approximately GH¢18billion) in the energy sector, stating: “This is not acceptable. Funds that should be allocated to essential services like healthcare and education are…

31 Oct

GoRide: Local Ride Hailing App Comes Aboard

FredBusinessBawumia, GoRide

A new ride-hailing platform developed locally with a traditional touch to help commuters find commercial taxis has been launched in Accra. The app, GoRide, gives the process of finding a ride a modern twist by making it easier for passengers and drivers to connect without disrupting the essence of the local transport system. It comes with a 10 percent commission rate, far lower than the average 20 percent on similar apps. The Vice President, Dr. Mahamudu Bawumia, launched the app at the Accra Metropolitan Assembly (AMA) conference hall in Accra on Wednesday. He described the platform as a revolutionary ride-hailing app born from a strategic public-private…

31 Oct

EFL Cup: Gakpo Scores Twice As Holders Liverpool Beat Brighton To Progress

FredSportsBrighton, Gakpo, Liverpool

Cody Gakpo scored twice to help send holders Liverpool into the quarter-finals of the Carabao Cup with a thrilling victory at Brighton. After a goalless and largely forgettable first half, Dutch forward Gakpo broke the deadlock a minute after the break in stunning fashion, cutting inside before launching an unstoppable drive into the back of the net. The goal sparked the game into life and goalkeeper Vítezslav Jaros, making his full debut for the Reds, made a brilliant one-handed save moments later to keep out Simon Adingra’s header. Evan Ferguson then fired over the bar but Liverpool had a golden…

31 Oct

EFL Cup: Van Nistelrooy Makes Winning Start As Interim Man Utd Boss

FredSportsEFL Cup, Man Utd, Van Nistelrooy

Ruud van Nistelrooy enjoyed a winning start as Manchester United’s interim manager as his side thrashed Leicester to reach the Carabao Cup quarter-finals. Two days after Van Nistelrooy was appointed as stand-in following the dismissal of Erik ten Hag, his pre-match demand for entertainment was met in full. Casemiro started the fun with a sensational long-range strike and by half-time the Brazilian had another as he followed up an initial header that bounced off both posts by driving home from eight yards. In between those efforts, Alejandro Garnacho fired home his fifth goal of the season and skipper Bruno Fernandes’…

31 Oct

EFL Cup: Werner’s Strike Helps Spurs Edge Out Man City

FredSportsEFL Cup, Werner

Ange Postecoglou’s quest to end Tottenham’s trophy drought continued as victory over Manchester City sent them into the Carabao Cup quarter-final. The Spurs boss claimed recently he always wins silverware in his second season – and remained on course to fulfil his promise after an entertaining, eventful encounter. Timo Werner, who had a mixed evening, scored his first goal of the season with an emphatic finish after five minutes, before Pape Sarr doubled the home advantage 20 minutes later with a with superb low right-foot finish from 25 yards. Spurs, though, suffered a setback when they lost key defender Micky…

31 Oct

Rev Lawrence Tetteh Apologises To University Of Ghana Over HIV Comment

FredShowbizDr Lawrence Tetteh, HIV, UNIVERSITY OF GHANA

Founder of Worldwide Miracle Outreach, Rev. Dr. Lawrence Tetteh has apologised to the University of Ghana following comments he made on the GTV Breakfast Show on Thursday, October 24, 2024. In a statement released on October 29, Rev. Dr. Tetteh expressed regret for his remarks, which, according to him, were not intended to undermine the university, spread fear, create stigma, or mislead the public. In an interview on GTV’s Breakfast Show, the preacher indicated that there is a high prevalence of HIV infections among students at the University. “The number of boys and girls in Legon who are HIV positive,…

31 Oct

South Africa To Strip Beauty Queen Chidimma Adetshina Of ID Documents

FredShowbizSouth Africa beauty queen

Beauty queen Chidimma Adetshina, who has been at the centre of a fierce nationality row, is to be stripped of her South African identity and travel documents. The Department of Home Affairs began investigating her case after she became a finalist in the Miss South Africa pageant but faced criticism as people questioned her eligibility to compete because her mother has Mozambican roots and her father is Nigerian. She withdrew from the competition in August after the department announced that her mother might have committed “identity theft” to become a South African national. Ms Adetshina, a law student, went on…