KELLANOVA, FORMERLY KELLOGG COMPANY, ANNOUNCES COMPLETION OF THE SEPARATION OF ITS NORTH AMERICAN CEREAL BUSINESS
KELLANOVA, FORMERLY KELLOGG COMPANY, ANNOUNCES COMPLETION OF THE SEPARATION OF ITS NORTH AMERICAN CEREAL BUSINESSCHICAGO, Oct. 2, 2023 /PRNewswire/ -- Today, Kellanova, formerly known as Kellogg Company, (NYSE: K), announced the completion of the previously announced separation of its North American cereal business, WK Kellogg Co, resulting in two independent, public companies, each better positioned to unlock its full standalone potential. Entering a New Era"With the completion of the separation, Kellanova has entered a new era with a new name and a new ambition," said Steve Cahillane, Kellanova's Chairman and CEO. Kellanova also stewards a suite of beloved international cereal brands, including Kellogg's, Frosties, Zucaritas, Special K, Krave, Miel Pops, Coco Pops, and Crunchy Nut, among others. Forward-Looking StatementsThis press release contains a number of forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and are subject to risks, uncertainties, and assumptions.
Source:The North Africa Journal
October 02, 2023 15:44 UTC
Tunisian NGO slams ‘instrumentalization’ of justice against political opponents – The North Africa Post
The Tunisian League for Human Rights (LTDH) has launched a fervent plea, urging the authorities to abandon legal proceedings against two lawyers who have been defending political detainees in Tunisia. This move was prompted by statements made by the lawyers concerning the “conspiracy against state security” case. These arrests triggered both local and international outrage and condemnation. The individuals detained were primarily associated with the National Salvation Front and its leading faction, the Ennahdha movement. They face charges, among other things, of involvement in what has been referred to as the “conspiracy against state security” case.
Source:The North Africa Journal
October 02, 2023 15:41 UTC
The Saudi-Israeli Normalization Deal Doesn’t Add Up for the U.S.
Perhaps U.S. President Joe Biden’s strangest policy U-turn since taking office has been his total reversal on U.S. relations with Saudi Arabia. As a candidate in 2020, Biden called Saudi Crown Prince Mohammed bin Salman, known as MBS, a pariah and promised to make Saudi leaders pay for the murder of journalist Jamal Khashoggi. But focusing on Saudi Arabia’s human rights record, appalling though it might be, is a red herring. The stated goal of normalization between Israel and the Arab states is admirable and achieving it would be historic. But it’s simply not worth the price the Biden administration appears willing to pay.
Source:The North Africa Journal
October 02, 2023 14:07 UTC
HSBC boosts its Middle East business with new appointments from Credit Suisse By Investing.com
CSGN 0.00% Add to/Remove from Watchlist CS 0.00% Add to/Remove from WatchlistHSBC has announced a series of key appointments to strengthen its Global Private Banking operations in the Middle East and North Africa (MENA), Switzerland, Israel, and Qatar. The recent hires are part of a broader strategy to expand HSBC's ultra-high-net-worth (UHNW) client coverage in these regions. Aladdin Hangari, a 20-year veteran of Credit Suisse, has been appointed as the Head of Global Private Banking MENA, succeeding Sobhi Tabbara who will be leaving the bank in January 2024. Hangari previously served as CEO of Credit Suisse (Qatar LLC) and CEO of Aventicum Capital Management Holding AG. D'Amico, along with Christian Hiller, Thomas Schaad, and Simon Aeschlimann, all join HSBC from Credit Suisse as Relationship Managers.
Source:The North Africa Journal
October 02, 2023 12:38 UTC
Price heads to Morocco with second world title on the line
Price heads to Morocco with second world title on the lineBy Timothy NealThe final round of the FIM World Rally-Raid Championship heads to North Africa for the Rallye du Maroc on October 12-18, with Toby Price needing to close an eight point gap to win the title. The North African rally is also a return to the scene of a great triumph for Price. It means that the equation for Price is very much in the hands on where Benavides finishes. For instance, if Price was to win in Morocco, Benavides would need to finish no better than third place, with 25 awarded to the victor, and 16 to third place, which would tie the pair. After the Desafio Ruta 40, Price was obviously dejected, but realised it was important to finish, and that hope remains.
Source:The North Africa Journal
October 02, 2023 12:31 UTC
Funding for African tech startups continues to fall as global climate bites hard
According to the most recent edition of the annual African Tech Startups Funding Report released by Disrupt Africa, available free in partnership with Flat6Labs, MarketForce, 4Di Capital, Mercy Corps Ventures, Newtown Partners, and InsiderPR, 633 African tech startups raised a combined US$3,333,071,000 in 2022. Only 186 ventures have secured investment so far this year, with a total of US$1.4 billion raised. This figure is down 48 per cent on the US$2.7 billion raised in the first nine months of 2022. African tech startups raised US$649,303,000 in Q1, down 57.2 per cent on Q1 2022. If you are interested in sponsoring the next edition of the African Tech Startups Funding Report, due for release in January 2024, you can find all the relevant information here.
Source:The North Africa Journal
October 02, 2023 12:00 UTC
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North Korea slams UN nuclear agency as US mouthpiece
REUTERS/Kim Hong-Ji/File... Acquire Licensing Rights Read moreSEOUL, Oct 2 (Reuters) - North Korea on Monday denounced the U.N. atomic watchdog for joining a U.S.-led pressure campaign and "cooking up" a resolution over its nuclear programmes, calling the agency a "paid trumpeter" for Washington. An unnamed spokesman of Pyongyang's Ministry of Nuclear Power Industry released a statement criticising a resolution adopted on Friday at the International Atomic Energy Agency (IAEA) general conference that calls for the North to curb its nuclear programmes. The spokesman described the resolution as a "result of conspiracy" by the United States and its allies, saying North Korea's status as a nuclear weapons state has already become "irreversible." Grossi warned last year that the reclusive country could resume nuclear testing for the first time since 2017. The IAEA has had no access to North Korea since Pyongyang expelled its inspectors in 2009 and then restarted nuclear testing.
Source:The North Africa Journal
October 02, 2023 11:42 UTC
When the Dams in Libya Burst: A Natural or Preventable Disaster?
At the Site When I arrived at a cliff overlooking Wadi Bu Mansour, it dawned on me what may have happened that terrible night. Pomegranate trees in Wadi Bu Mansur valley downstream from the collapsed Wadi Bu Mansur dam, 13km south of Derna. What remains of the Wadi Bu Mansur dam, 13km south of Derna in eastern Libya days after floods caused its collapse, September 2023. Residents were also bracing for a possible overflow of the dams – something they had experienced already twice before – but not the dams’ actual collapse. As far back as the 1990s, when Colonel Muammar al-Qadhafi still reigned over Libya, Sweisi said, government officials understood that Wadi Bu Mansour had structural deficiencies.
Source:The North Africa Journal
October 02, 2023 11:36 UTC
Fortnite’s Holocaust museum and how video games incorporate exhibition spaces
Millions of players of the online video game Fortnite can now visit a virtual museum dedicated to the Holocaust. Amid Fortnite’s battle royales and combat arenas now stands Voices of the Forgotten , a virtual museum launched in August of this year. Museums in video gamesThe creation of museums within video games, designed to do something a physical museum cannot, has received increasing attention in the wake of the pandemic. But museums have long had a presence in video games as a form of worldbuilding. “When I think about what museums can learn from video games and what the reciprocal relationship can be, it’s how video games direct people’s attention, how they encourage interaction and storytelling,” says Marie Foulston, an independent curator and creative director who specialises in video games.
Source:The North Africa Journal
October 02, 2023 11:31 UTC
Mauritania not interested in hosting French troops flashed out of Niger – President Mohamed Ould Ghazouani – The North Africa Post
Mauritania’s President Mohamed Ould Ghazouani has told French media Le Figaro his country will not provide a territory for French troops expelled out of Niger. “Mauritania does not seem to me, either strategically or geographically, to be the best country to host soldiers dedicated to the fight against terrorism in the Sahel. France’s President Emmanuel Macron late September gave in to Niger’s new authorities demand for the departure of the 1,500 French troops stationed in the West African country to counter terrorism in the region. The authorities, led by General Abdourahmane Tchiani who toppled on July 26 President Mohamed Bazoum, have severed ties with the former colonial power. They also obtained the departure of French ambassador Sylvain Itté.
Source:The North Africa Journal
October 02, 2023 11:21 UTC
War elephants: How Carthage used a ‘psychological’ weapon the Romans failed to master
But elephants were used by the Romans, although sporadically and on many occasions poorly with deadly results for their own side. In the western Mediterranean basin, the Greek King Pyrrhus of Epirus used elephants in his fight against the Romans in Sicily between 280 and 275 B.C. ), the Spartan mercenary general Xanthippus had around 100 perfectly trained war elephants at his disposal for the Sicily campaign against Rome. The Romans, for their part, used pachyderms for the first time in the Second Macedonian War (200-197 B.C). For his part, Caesar used elephants in his campaign in Hispania in 48 B.C.
Source:The North Africa Journal
October 02, 2023 11:12 UTC
Top Keynote Speakers Anticipated at the Public Sector Cybersecurity Summit 2023 - IT News Africa
Building cyber resilient infrastructures will be the first step towards guarding all public sector departments from the ever-evolving cyber crime culture becoming more prevalent, incurring billions of rands worth of losses for the public sector. According to Interpol’s African Cyberthreat Assessment Report for 2021 cyber-attacks cost South Africa over R2.2 billion per annum and 47% of public sector data breaches are not discovered until years after the initial attack. This further demonstrates that public sector organisations and state-owned enterprises remain key targets for hackers and cyber criminals calling for public sector organisations to take a closer look at their existing strategies and re-evaluate systems which should be safeguarding them against attacks. There is an urgent need for public sector organisations and SOEs to investment to be made in upgrading infrastructure, skills, and technology. The Public Sector Security Summit 2023 (#PubliSec2023) that will be hosted on 3 October 2023 at the Gallagher convention centre will be giving a number of experts a platform to address the pertinent issue of cyber security within the public sector.
Source:The North Africa Journal
October 02, 2023 10:52 UTC
Shelf Drilling Wins $18M Extension for North Sea Jack-up Rig
Offshore drilling firm Shelf Drilling has secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig. The rig is on a contract with China's CNOOC, operating in the UK North Sea, at the Golden Eagle offshore oil field. Owned by Shelf Drilling North Sea, a subsidiary of Shelf Drilling, the Shelf Drilling Fortress drilling rig was previously known as Noble Sam Hartley. In October 2022, Shelf Drilling bought five jack-up drilling rigs Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and Noble Lloyd Noble, from Noble Corporation for $375 million. Noble Corporation had to sell the five rigs to alleviate competition concerns in the UK in relation to its merger with Maersk Drilling.
Source:The North Africa Journal
October 02, 2023 10:38 UTC
HSBC Global Private Banking announces leadership transition for Middle East & North Africa
Geneva: HSBC announces the appointment of Aladdin Hangari as Head of Global Private Banking Middle East & North Africa (MENA), succeeding Sobhi Tabbara who has announced his departure from HSBC with effect from January 2024 to pursue opportunities beyond the bank. Sobhi has led HSBC Global Private Banking in the MENA region since 2012, driving the expansion of its Ultra-High-Net-Worth (UHNW) coverage in key markets, including Saudi Arabia, the UAE, Qatar, Kuwait and Bahrain. Aladdin joins HSBC from Credit Suisse, where he spent 20 years, most recently as CEO of Credit Suisse (Qatar LLC) and CEO of Aventicum Capital Management Holding AG. HSBC Global Private Banking continues to strengthen its position across the region, serving customers with excellence throughout Europe and the Middle East. Further strengthening our service across Europe, the Middle East and Africa underlines HSBC’s extensive heritage and reaffirms our position as a leading private bank in the region.
Source:The North Africa Journal
October 02, 2023 10:22 UTC
Tunisia: Decision to introduce quotas and ban certain uses of water extended
Tunisia - The Ministry of Agriculture, Fisheries and Water Resources decided to extend the decision dated March 29, 2023, on the introduction of a system of short-term quotas and the prohibition of certain uses of water, until further notice. The general filling rate of dams stood at 27.3% on 14 September 2023, with rates of around 32% in the north, 11.3% in the centre and 6.8% in Cap Bon, according to the National Observatory for Agriculture (ONAGRI). The Ministry banned on March 31 2023 the use of drinking water distributed by Sonede for farming, irrigating green areas, cleaning streets and public places, and washing vehicles. These measures remained in force until September 2023. © Tap 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
Source:The North Africa Journal
October 02, 2023 09:41 UTC