New Jersey in the United States Posts Record-Breaking Gambling Profits In 2022 While Sports Wagering Declines
The latest figures from the New Jersey Division of Gaming Enforcement are showing increasingly higher levels of growth. Numbers from the online gaming revenue for November 2022 show a 22.5% [...]
IFRS 17 to be Amended after Concerns by Insurance Companies
A month after extending implementation of IFRS 17 to 2022, the International Accounting Standards Board has agreed to pursue the probability of making an amendment to the regulation after some [...]
US Consumer Credit Market to Increase in 2019
According to Globe News Wire, key factors would lead to an increase in US consumer credit in 2019. Among them are reduced unemployment and increasing disposable income. The high performance [...]
Kenya Airways, Air Austral and Air Madagascar Finalize Strategic Partnerships
Air Austral and Air Madagascar have signed a “privileged partnership agreement” with Kenya Airways, establishing Nairobi as a mainland Africa hub for the three airlines. The signing of the agreement [...]WPP to Cut 3,500 Jobs in Restructuring
WPP, WPP Scangroup’s parent company, will shed off 3,500 jobs worldwide due to market competition from digital disruptors including Facebook and Google. According to Financial Times, the global advertising media [...]Moody's changes GSK's outlook to negative; affirms A2 ratings
Moody's Investors Service has today changed to negative from stable the outlook of GlaxoSmithKline plc and its guaranteed subsidiaries. This follows the company's 3 December 2018 announcement of its intention [...]Qatar to Leave OPEC By January 2019
Qatar's Minister of Energy has said that the country will leave the Organsiation of the Petroleum Exporting Countries by January 2019. Addressing a news conference in Doha, Saad Sherida Al-Kaabi said [...]KPMG Barred from Auditing Listed Companies in Oman
The Capital Markets Authority of the Sultanate of Oman has suspended KPMG from auditing listed companies due to “major financial and accounting irregularities”. According to The Economia, the CMA launched [...]DJ Khaled and Floyd Mayweather Charged For Illegal Cryptocurrency Trade
Professional boxer Floyd Mayweather Jr. and music producer DJ Khaled have been charged by the United States Securities and Exchange Commission for illegally advertising Initial Coin Offerings. According to a [...]Actuaries Best Professionals To Drive Uhuru Kenyatta's Big Four Agenda
Actuaries are the most suitable professionals to steer President Uhuru Kenyatta's Big Four Agenda to its fruition owing to their expertise in risk and modelling. Speaking during the annual Actuarial [...]WhatsApp Chief Business Officer Neeraj Arora Quits
WhatsApp's chief business officer, Neeraj Arora, has announced his departure from the company after seven years of service. Mr Neeraj had been with WhatsApp since 2011 and through Facebook's $19 [...]Kenya's BitPesa Partners with Japan's Insurance Company, Sompo Holdings
BitPesa has partnered with Sompo Holdings, a leading Japanese insurer, to enable cross-border payments across its platform. This comes at a time when Sompo has acquired a 10 percent stake in [...]
