Breaking News: Arrest Warrant Issued for Former Central Bank Governor of Mauritius
In a remarkable turn of events, the Mauritian government has issued an arrest warrant for the former governor of the Bank of Mauritius, Vishnu Lutchmeenaraidoo. The decision comes amid an escalating probe into significant financial irregularities linked to the central bank’s operations during his tenure.
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Tragedy Strikes Mayotte: Nearly 1,000 Feared Dead After Devastating Cyclone
In a heart-wrenching development, nearly 1,000 people are feared dead following a severe cyclone that ravaged Mayotte, a small island located between Madagascar and the coast of Mozambique. The cyclone, named Cilida, struck the archipelago late on December 14, 2024, unleashing torrential rains and violent winds that led to catastrophic destruction across the region.
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GE Vernova Set to Energize City-Sized Data Centers with Gas Amidst Soaring AI Demand
In a pivotal move reflecting the escalating demand for artificial intelligence capabilities, General Electric's Vernova division has unveiled plans to fuel expansive data centers with natural gas. This development marks a significant shift as companies strive to meet the surging computational requirements driven by the rapid growth of AI technologies.
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World Bank Predicts Economic Decline in Myanmar Amid Ongoing Civil Conflict
The World Bank has issued a stark warning regarding the economic situation in Myanmar, forecasting a significant contraction in the country's economy as civil war conditions prevail. This announcement comes at a time when the nation is grappling with extensive humanitarian challenges and disrupted governance.
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Adidas Headquarters Raided Amid Ongoing Tax Investigation: What You Need to Know
In a significant development for the multinational sportswear giant, Adidas's global headquarters located in Herzogenaurach, Germany, was subjected to a raid as part of an extensive tax investigation. This raid, which took place on December 10, 2024, has been the culmination of a multi-year inquiry by German authorities into the company’s financial practices and compliance with tax laws.
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Biden's Groundbreaking Proposal: Medicare and Medicaid Coverage for Obesity Medications
In a significant healthcare advancement, President Joe Biden has unveiled a proposal aimed at expanding Medicare and Medicaid coverage to include medications that treat obesity. This move is part of a broader strategy to combat the rising prevalence of obesity in America, which currently affects approximately 42% of the adult population, according to recent statistics.
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US Climate Czar Ali Zaidi Reflects on Trump's Green Policies Ahead of COP29
As the countdown to COP29 intensifies, climate conversations are heating up, particularly in the United States. Ali Zaidi, the Biden administration's climate czar, recently opened up about the contrasting environmental policies of the current administration and those of former President Donald Trump, revealing the significant impacts of these decisions on the nation's climate commitments and future strategies.
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US Companies Brace for Imminent Immigration Raids as Concerns Mount
As the Biden administration intensifies its focus on immigration enforcement, U.S. companies that employ substantial immigrant workforces are gearing up for potential raids. The alarming trend has unfolded against a backdrop of heightened anxiety among workers and employers alike, prompting many businesses to implement precautionary measures to protect their operations and personnel from sudden inspections by federal authorities.
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EU Boosts Rwanda's Counter-Terrorism Efforts with Additional $20 Million Aid
In a decisive move to combat rising security threats in Mozambique, the European Union (EU) has announced an additional €18 million (approximately $20 million) financial aid package to Rwanda. This funding aims to support Kigali’s military engagement in the operational theater, particularly as terrorist activities escalate in the Cabo Delgado region of Mozambique, where various extremist groups have intensified their campaigns against the government and local populations.
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Climate-Hit Nations Languish for Years as $370 Million Fund Remains Undistributed
In an alarming development for nations grappling with the severe consequences of climate change, a significant $370 million fund, initially set up to support vulnerable countries, has been stuck in limbo for nearly three years. The fund was established with the intent of assisting nations most adversely affected by climate-related disasters, but administrative hurdles and lack of clarity surrounding its distribution have left many in waiting.
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