The US versus China Trade War
On August 1 2019, US President Donald Trump, through his Twitter handle, announced that a 10% tariff will be applied to $300 billion of Chinese goods in addition to earlier [...]
Global Stocks Plummet Amid Hong Kong Protests.
Protests in Hong Kong began in opposition of a bill allowing extraditions to mainland China. The protests forced the closure of Hong Kong’s International airport. The airport which happens to [...]U.S Based Marijuana Real Estate Firm Applies for NSE Listing.
Bangi Inc, a US-based company intends to list of the Nairobi Stock Exchange. The company believes that listing on the NSE will increase its exposure to Africa's investment community. At [...]Nasdaq enters into sports betting business
Nasdaq, the world’s second largest stock market, is diversifying its revenue streams. It recently entered a deal with UK-based ‘Football Index’ a sports betting firm which allows people to bet [...]
London Stock Exchange to acquire data services firm Refinitiv
The London Stock Exchange (LSE) plans to acquire Refinitiv, the trading platform by Thomson Reuters and Blackstone at $ 27 billion. This move will elevate the company from prey to [...]IMF Chief Christine Lagarde to head the European Central Bank
The International Monetary Fund Managing Director Christine Lagarde has been tapped to lead the European Central Bank after the current president Mario Draghi leaves in October. She is set to [...]Facebook unveils Libra cryptocurrency with a plan to bring crypto to the masses
Facebook has finally revealed the details of Project Libra, its highly ambitious plan to bring cryptocurrency to the masses. Libra, once active, will enable moving money around the world as [...]Facebook Bans Pre-Installing of its Apps on Huawei Phones
Facebook is planning to ban pre-installing of its apps on Huawei phones as it joins other US companies in cutting ties with the Chinese telco giant, according to reports by [...]China Plans To Blacklist Foreign Companies as Trade War Heightens
The Chinese Government is planning to blacklist entities in its country including foreign companies, individuals and organizations, an action which is seen as a retaliation to the move by the [...]Alibaba Plans 2nd Listing in HongKong
Chinese e-commerce giant Alibaba Group is considering to list in Hongkong as its second bourse after the US in a bid to raise $20 billion. The Chinese e-commerce plans to [...]Google stops Android services to Huawei
Google has announced that it will no longer provide android services to the Chinese firm Huawei. Popular services like Google Play Store, Gmail, Chrome browser, and YouTube will no longer [...]Jumia reports impressive topline growth in Q1
NYSE listed e-commerce platform Jumia Technologies has announced its financial results for the quarter ended March 31, 2019. The company reported a 12 % growth in revenue to 31.8 million [...]
