Morgan Stanley Forecast Global Growth Recovery in 2020
Morgan Stanley has recently given a global growth forecast. The firm forecasts that the global growth will recover from the first quarter of 2020 onwards. The forecast is attributed to [...]
Airbus Secures $30 Billion in New Orders for Planes
Airbushas secured $30 billion in new orders for planes from airlines based in the United Arab Emirates. This happened at the ongoing Dubai Airshow. Emirates Airline ordered 50 A350s from [...]European Investment Bank Stops Funding Fossil Fuel Projects
The European Investment Bank (EIB) has revealed plans to stop the funding of oil, gas and coal projects. This will take effect at the end of 2021. If this is [...]OneConnect, China's Fintech Firm, Files for U.S. IPO
SoftBank-backed OneConnect Financial Technology has filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission. According to China Daily, the proposed IPO will raise up to [...]Nike Stops Selling Products Through Amazon After End of Pilot Program
Nike will stop selling its shoes and apparel through the Amazon website after its two-year partnership ended. The company will now focus on direct sales to consumers through its in-house [...]Alibaba's Singles Day Sales Hit $38 Billion
Retail Giant Alibaba marked the end of Singles day with sales of $ 38.4 billion, breaking its last year record of $ 30.7 billion. The e-commerce platform mostly sold electronic [...]Whatsapp Launches a Catalogue Feature for Small Businesses
Whatsapp business has launched a catalogue feature in its business app, which will allow small businesses to showcase their products and to add useful information such as pictures, product descriptions, [...]Alibaba Targets $15 Billion in Hong Kong Listing
Chinese retail giant Alibaba is looking to list on the Hong Kong Stock exchange later this month. According to Thomson Reuters, the e-commerce conglomerate is targeting about $15 billion, a [...]US and China to Cancel Tariffs in Phases
The United States and China have agreed to cancel tariffs imposed on each other's goods in phases. This will happen even as they work toward a permanent trade deal agreement. [...]Uber's Third Quarter Earnings Increase, Expects Profit in 2021
Uber's third-quarter revenue improved to $ 3.8 billion compared to $2.9 billion posted in a similar period in 2018. The current performance beats analysts expectations, earning as $3.81 billion as [...]British Airways Set to Buy Air Europa for $1.1 Billion
British Airways is set to buy Air Europa for $1.1 (KSh113.3) billion. Acquisition of the private Spanish airline is a move that seeks to turn Madrid's airport into a global [...]Ryanair Pushes Boeing 737 Acquisition to March 2020
Ryanair has postponed its acquisition of Boeing 737 MAX planes to March 2020. This will be two months late than its initial forecast of January 2020. The move is expected [...]
