Johannesburg: South African President Jacob Zuma on Wednesday resigned from his office with immediate effect making the announcement in a televised address to the nation. The 75-year-old has been under increasing pressure to give way to Deputy President Cyril Ramaphosa, the ANC new leader. Zuma, who has been in power since 2009, faces numerous allegations of corruption. ... Read More

Beijing: China on Sunday said the decision to scrap two-term limit for President Xi Jinping is essential for upholding the leadership of the Communist Party of China (CPC). The party’s powerful Central Committee last month passed a proposal to remove the two-term cap on Chinese presidency - a move that has startled the world. China`s revered leader Deng Xiaoping in 1980 had restricted the presidential five-year tenure to two to avoid the perils which the cult around Mao Zedong had brought. ... Read More

US President Donald Trump is aiming to be the best salesperson for American economic interests when he goes to Davos later this week, the White House said Tuesday. Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss ski resort, in a move that has raised eyebrows because of his protectionist America First policies. We are going to the World Economic Forum to share President Trumps economic story and to tell the world that America is open for business,said Trumps chief economic adviser Gary Cohn. We want the world to invest ... Read More

A double car bombing in the east Libyan city of Benghazi on Tuesday left at least 33 people dead and dozens more wounded, including senior security figures and civilians, officials said. The twin explosions shattered the relative calm that had recently returned to Libyas second city, scene of more than three years of warfare from 2014 until late last year. The first blast struck outside a mosque in Benghazis central Al Salmani district as worshippers were leaving evening prayers. Some 10 to 15 minutes later, after security and health officials had arrived on the scene, a second, more powerf ... Read More

Anyone remember Ping - Apples music-oriented social network, the hot new thing back in 2010. No, we are not surprised if you do not. It flopped - hard - and shut down after just a couple years. Apple seems to have ceded the social media landscape to Facebook since then. Maybe thats just as well for Apple, since Facebook has been getting raked over the coals lately - accused of allowing the spread of fake news, of experimenting on its users, getting billions of people addicted to screens, and even of trying to market emotionally vulnerable teens to advertisers. Even Tim Cook, who became Appl ... Read More

The worlds richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said Monday, as the worlds elite prepared to mingle at the World Economic Forum in Davos. A new report from the charity also found that the wealth of billionaires has grown six times faster than that of ordinary workers since 2010, with another billionaire minted every two days between March 2016 and March 2017. Oxfam used its findings to paint a picture of a global economy in which the wealthy few amass ever-greater fortunes while hundreds of milli ... Read More