Uber sends home 435 workers in its second round of staff cuts.
Uber has laid off 435 staff in its product and engineering team. This new development follows an earlier staff cut of almost a third of its global marketing staff. The [...]
Jack Ma resigns as Ali Baba's Chairman.
Ali Baba, one of the world's largest e-commerce companies, founder Mr. Jack Ma has resigned as its chairman. He will be replaced by Daniel Zhang, the company's chief executive and [...]Qatar Competition Authority blocks Uber and Careem Acquisition Deal
The Qatar Competition Authority has recently blocked the proposed $3.1 billion dollar acquisition of Careem by Uber. The acquisition was meant to solidify Uber's position as the leading ride-hailing company [...]British Airways pilots begin strike, over 1500 flights cancelled
British Airways has informed its customers not to turn up at airports as their pilots start a two-day strike. The strike, which is the biggest in the airlines history, has [...]Boeing 737 Max Grounding Extended to December by American Airlines
Boeing 737 Max’s grounding period has been extended from November 2nd to December 3rd 2019 by the American Airlines, bringing the grounding period to close to almost nine months. This [...]New Tariff Impositions as China and US Trade War Heightens
In the latest escalation of the Trade war between China and US, the two countries have imposed additional tariffs on each other’s goods, starting from Sunday, September 1st 2019. A [...]Japan competes with China for African investments.
Africa has seen increased attention from Japan, part of it owing to Tokyo's interest to counter China. This includes investment in the continent's development, loans, infrastructure projects, and scholarships. Furthermore, [...]Uhuru leads Kenyan delegates to sell Big 4 Agenda in Japan
The Tokyo International Conference on African Development TICAD 7 begins today in Yokohama in Japan. Kenya will pursue its Big 4 agenda and seek to appeal to investors at the [...]G7 leaders award $251 million to African women's initiative
Affirmative Finance Action for Women in Africa (AFAWA) Initiative has been awarded $251 million by the G7 leaders, led by French President Emmanuel Macron. Speaking at the 2019 edition of [...]US defers Huawei ban for 90 days
The US government has given Huawei a 90 day extension to work with US customers. The extra time will give local communication companies enough time to switch from the company's [...]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 [...]
