Business news covering companies, markets, startups, economy, investments and corporate trends shaping global and local industries.
Category: Business
Rwanda proposes EBM exemption for businesses earning below Rwf2 million
Rwanda plans to exempt businesses and individuals with annual turnover below Rwf2 million from mandatory use of Electronic Billing Mac ministerial order. The measure forms part of tax reforms approved by the Cabinet to simplify compliance for small businesses while maintaining reliable records of commercial transactions. Alternative recording methods would be introduced for taxpayers who…
Cryptocurrency Becomes a Major Source of Income for Donald Trump
New financial disclosure documents released by the United States Office of Government Ethics indicate that US President Donald Trump earned more than $1.4 billion from cryptocurrency-related activities in 2025. The disclosure, which spans 927 pages, shows that Trump’s digital asset ventures generated significantly more income than many of his traditional business operations, marking a notable…
Global Oil Prices Decline Following Positive US and Iran Talks
Global crude oil prices declined on July 1, 2026, after renewed optimism emerged from diplomatic talks between the United States and Iran. Market confidence increased as investors responded to signs of progress in discussions that could improve stability in global energy supplies. According to market data, the price of a barrel of crude oil fell…
Oil Prices Fall as Tensions Between Iran and the United States Ease
Global oil prices have returned to levels seen before the recent conflict involving Iran, the United States, and Israel, following a temporary ceasefire agreement that has reduced uncertainty in energy markets. According to market data released on June 25, 2026, the price of a barrel of crude oil declined to approximately $72.48, marking a significant…
Research shows how pornographic contents affect human brain especially children.
Recent scientific studies released 2026 by Australian Institute of Family Studies provided deeper insight into how pornographic content interacts with the human brain, revealing complex effects on reward systems, behavior, and sexual expectations. Researchers emphasize that while pornography activates natural pleasure pathways, excessive or compulsive consumption may have significant psychological and neurological implications. Brain imaging…
AI Is Making It Easier Than Ever to Start a Business, Entrepreneurs Say
How Artificial Intelligence Is Lowering Barriers for New Businesses Artificial intelligence is transforming entrepreneurship by making it faster, cheaper, and easier for people to launch businesses. From writing business plans and conducting market research to creating logos, marketing campaigns, and websites, AI tools are helping entrepreneurs turn ideas into reality with fewer resources than ever…
Tanzania Nears Completion of East Africa’s Largest Airport Project
Msalato International Airport Set to Open in September 2026 Tanzania has announced that Msalato International Airport, currently under construction in the capital city of Dodoma, is expected to begin operations in September 2026. Once completed, it will become the largest airport by land area in East Africa. The project is one of Tanzania’s most ambitious…
US-Iran Deal Offers Hope for Economic Recovery, But Challenges Remain
US and Iran Reach Framework Agreement The United States and Iran have agreed on a framework deal aimed at creating a longer-term end to hostilities after more than three months of conflict involving Iran, the US, and Israel. The agreement has raised hopes of economic recovery, particularly after the conflict disrupted global energy markets and…
Football Stars Expected to Play Their Last FIFA World Cup in 2026.
The 2026 FIFA World Cup is expected to mark the end of an era for several of football’s greatest players. Fans across the globe are preparing to watch some legendary names make what could be their final appearance on football’s biggest stage. Those include Cristiano Ronaldo and Lionel Messi who used to entertain fans from…
Rwanda’s Satellite Communication Infrastructure Reaches Major Milestone
Rwanda’s national teleport, operated by the Rwanda Space Agency (RSA), has received a prestigious Tier 3 certification, becoming the first teleport in Sub-Saharan Africa to achieve this level of recognition. The certification was awarded by the World Teleport Association (WTA), an international organization that evaluates teleport operators and satellite communication infrastructure around the world. The achievement highlights Rwanda’s growing…
RDB Suspends Operations of Four Hotels
Rwanda Development Board (RDB) has temporarily closed four hotels after inspections found that they failed to meet required tourism and hospitality standards. The affected establishments are Century Park Hotel and Residences, Dove Luxury Hotel, Highland Resort Ltd, and Nengo Eden Park Hotel. According to RDB, the decision followed a compliance assessment aimed at evaluating whether…
Anthropic’s Market Value Surges Amid Rapid AI Growth
Anthropic, one of the leading companies in artificial intelligence development, has announced that its valuation has reached approximately $965 billion, placing it ahead of major competitor OpenAI in market value. The increase follows a recent fundraising round that secured $65 billion to expand the company’s operations and accelerate development of its AI technologies. Anthropic has gained global…
Thailand Cracks Down on Foreign-Owned Businesses Using Local Nominees
Thai authorities have launched a major crackdown on foreign-owned businesses suspected of using local nominees to bypass ownership laws. The move follows investigations into hundreds of companies registered under Thai citizens who allegedly had little or no involvement in the businesses they officially owned. One case involved a company registered as a nail salon in…
Connekyt Brings Digital Solutions to Rwanda’s Photography Industry
A growing number of people organizing weddings, concerts, and private events often struggle to find trusted photographers and videographers. At the same time, many photographers face payment disputes or fail to reach enough clients despite having strong portfolios. To address these challenges, Amoria Connekyt launched a digital platform called Connekyt, a service designed to connect…
Spotify has introduced a new feature to access news content
Spotify has introduced a new feature that allows users to access news content in audio format. Subscribers to the Premium plan will receive up to 15 hours of audio news listening per month. Users who do not subscribe can still access individual stories by purchasing them at a price of 1.99 dollars per article. Content from…
New Lunar Settlement Plan
NASA has introduced a major project worth 20 billion dollars to build a long term human settlement on the Moon. The initiative, known as the Ignition Moon Base program, aims to establish a continuous human presence in space. The project targets the southern region of the Moon, where future habitats will rely on solar and nuclear…
Rwanda’s Prime Minister Attends 2026 AfDB Annual Meetings in Brazzaville
Justin Nsengiyumva joined African leaders and financial executives at the official opening ceremony of the 2026 Annual Meetings of the African Development Bank in Brazzaville, Republic of the Congo. The high-level gathering officially opened on May 26, 2026, bringing together Heads of State, government officials, business leaders, banking executives and development partners from across the…
Global Rise in Infertility Cases
Infertility is becoming more common across the world, affecting millions of families. A study published in 2025 in Scientific Reports found that about 110 million women experienced infertility in 2021. This represents an 84 percent increase compared to 1990. The issue affects both women and men, with many cases reported among individuals aged between 30 and 36….
Satellite AI Technology Helps Reduce Water Leaks
Thames Water has partnered with Origin Tech to reduce water leaks using AI and satellite technology. The company believes the system could stop up to 100 million litres of water from leaking every day. The satellites scan the ground for moisture and movement. This helps teams locate underground leaks that people cannot easily see. According…
Codex Expands to Mobile Devices
OpenAI has integrated its coding tool Codex into the ChatGPT mobile application on both iOS and Android devices. This update comes about a year after Codex was first introduced. The move allows developers to write and manage code directly from their smartphones, making it easier to work from any location. Improved Flexibility for DevelopersWith Codex now available on…
Rwanda Introduces VAT on Digital Services
Rwanda now applies value added tax to a wide range of digital goods and services. These include streaming platforms, ride hailing apps, online courses and cloud based tools. The move reflects a growing global trend to tax digital consumption where users access it. The government published the new rules in a ministerial order on April…
OpenAI Enters the Cybersecurity AI Race
OpenAI is preparing to launch a powerful new artificial intelligence system called Daybreak, designed to detect and fix security vulnerabilities before hackers can exploit them. This move positions OpenAI in direct competition with Anthropic, which recently introduced its own advanced cybersecurity AI known as Claude Mythos. How Daybreak Works Daybreak is powered by a system called Codex Security,…
MTN Rwanda Returns to Profit in Q1 2026
MTN Rwanda returned to profit in the first quarter of 2026 after strong growth in internet and mobile money services. The telecom company reported a profit after tax of Rwf 10.8 billion for the quarter ending March 31, 2026. This marked a recovery from the net loss recorded during the same period in 2025. Revenue…
White House Accuses China of Large-Scale AI Model Copying
The US-China AI model copying allegations have raised serious global concerns. The White House accuses Chinese-linked groups of copying advanced US AI systems. Officials say these groups use large-scale and coordinated methods. This issue has increased tension between the US and China in the AI race. Alleged Large-Scale AI Copying US officials say foreign actors…
Tesla Announces Major Investment Strategy
Tesla has revealed plans to invest more than 25 billion dollars in 2026, focusing on artificial intelligence, robotics, and advanced computer chips. The move reflects a bold strategy to strengthen its position in the rapidly evolving technology and electric vehicle markets. The company aims to expand its capabilities and maintain a competitive edge as innovation accelerates…
UAE to Exit OPEC After Nearly 60 Years
The United Arab Emirates has announced it will leave OPEC and its extended alliance OPEC+ next month, ending nearly six decades of membership. Officials say the move will allow the country to increase oil production and respond more flexibly to global energy demand. The decision follows years of investment aimed at expanding production capacity. Energy…
Google Reveals 75 Percent of New Code Is Now AI Generated and Engineer Reviewed
Google has confirmed a major shift in its software development process as artificial intelligence now generates the majority of its new code. According to CEO Sundar Pichai, about 75 percent of all new code at Google comes from AI systems and receives review and approval from human engineers. This marks a significant increase compared to…
Jordan Joins Artemis Accords, Expanding Global Cooperation in Space Exploration
Jordan has officially joined the Artemis Accords, becoming the 63rd country to support global efforts aimed at returning humans to the Moon and advancing peaceful space exploration. The agreement was signed on April 23, 2026, marking a significant step in strengthening international collaboration in space research and innovation. The Artemis Accords promote responsible and transparent…
China blocks Meta acquisition of AI startup Manus, orders deal reversal
China’s state planning authority has ordered Meta Platforms to reverse its $2 billion acquisition of Manus, a Singapore-based artificial intelligence startup with origins in China. The decision adds new tension to global competition in the AI sector and highlights rising geopolitical control over cross-border tech deals. The National Development and Reform Commission (NDRC) announced on…
X Expands Into Messaging With XChat
X Corp has officially launched XChat, a new messaging platform designed to enhance communication among users of its social media service, X. The platform went live on April 24, 2026, and is currently available for users on Apple devices, including iPhones and iPads. This move marks a significant step in X’s strategy to evolve beyond a…
Artificial intelligence in journalism: Balancing innovation and risks in modern newsrooms
Artificial intelligence continues to reshape the global media landscape, introducing both opportunities and challenges for journalism. As newsrooms adopt advanced technologies, industry experts stress the need to balance innovation with responsibility to maintain accuracy, trust, and ethical standards. The rise of generative AI tools has transformed how news is produced, distributed, and consumed. These systems…
Reusable Rocket Technology Reaches New Stage
Blue Origin has achieved a major milestone by successfully reusing a booster from its New Glenn rocket. This marks a significant step forward in the company’s efforts to develop cost effective and reusable space technologies. During the mission, the lower stage booster, which provides the powerful thrust needed for liftoff, completed its role and safely returned…
Huawei Expands Foldable Phone Innovation
Huawei has launched its latest foldable smartphone, Pura X Max, introducing a new design that could reshape competition in the premium mobile market. The device stands out with a wider form factor, offering a different user experience compared to traditional foldable phones. This release positions Huawei ahead of key competitors such as Apple and Samsung, which are also expected…
AI model risks: Regulators monitor Anthropic’s mythos over financial system concerns
Global regulators have increased scrutiny of advanced artificial intelligence systems following the emergence of Mythos, a frontier AI model developed by Anthropic. Authorities across multiple regions are now assessing potential risks linked to its advanced capabilities, particularly in cybersecurity and financial systems. Rising concerns over AI capabilities Experts highlight that Mythos demonstrates strong coding abilities,…
Rising Concerns Over Starlink Reliance
The growing reliance of the United States military on satellite internet services from SpaceX, particularly its Starlink network, has raised serious concerns about national security and operational risks. In August 2025, a temporary outage of Starlink disrupted military operations, exposing vulnerabilities in systems that depend heavily on continuous connectivity. This incident has triggered renewed debate about…
Astronauts Reflect on Artemis II Mission
Astronauts from the Artemis II mission have shared detailed insights into their 10 day journey in space, offering a rare look at life beyond Earth. The crew traveled around Earth and reached the Moon’s vicinity, marking a major step in modern space exploration. During their first press briefing, the astronauts described the mission as both scientifically important…
Why LinkedIn Has Become a Target for Scammers
LinkedIn offers something scammers value: detailed personal and professional information. Users openly share their job roles, employers, and career goals, giving fraudsters an easy way to identify and target victims. With thousands of job applications submitted every minute, it’s easy for fake opportunities to blend in with legitimate ones. The platform’s professional nature also creates…
AI spending boom remains strong as ASML and TSMC raise forecasts
Fresh forecasts from ASML and TSMC show that the global artificial intelligence spending boom remains strong, especially in the semiconductor and cloud computing sectors. The two industry giants have projected another quarter of heavy investment as major American technology companies continue expanding their AI infrastructure. This outlook suggests that demand for advanced chips remains high…
The Growing Threat of AI-Powered Scams
AI scams are increasing rapidly and becoming more sophisticated. In 2025, the Federal Bureau of Investigation reported more than 22,000 AI-related fraud cases, with losses exceeding $893 million, although the real number is likely higher because many victims feel too embarrassed to report. Today, AI tools are cheap, easy to access, and require little skill,…
NASA Launches Powerful Mission Toward the Moon
NASA has successfully launched its Artemis II mission, marking a historic step in humanity’s return toward the Moon after more than five decades. The spacecraft lifted off from Kennedy Space Center following a brief delay to resolve technical issues at the launch pad. The launch took place on April 1, 2026, at 12:35 AM Kigali time. This mission…
Meta Gains Ground in Digital Advertising Market
Meta is expected to overtake Google in global digital advertising revenue for the first time, marking a major shift in the tech industry. This development reflects changing trends in how companies generate income from online platforms. According to recent projections, Meta could generate around 243.46 billion dollars in advertising revenue by the end of 2026. In comparison, Google…
Aircraft Delivery Strengthens Strategic Partnership
On April 13, 2026, CDB Aviation delivered a Boeing 737-8 to China Southern Airlines under a long-term lease. This deal shows a stronger partnership between the lessor and one of China’s largest carriers. With this aircraft, CDB Aviation now leases three modern jets to China Southern. It had already delivered two Airbus A321neo in August…
