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 [...]Branch Seeks KES 500M To Become A Fully Fledged Bank
Branch International Kenya is seeking to raise Ksh500 million through a six-month commercial paper as it accelerates its move to start offering virtual banking services through its online platform. The [...]IMF's Lagarde Asks Central Banks To Consider Cryptocurrency
International Monetary Fund’s Christine Lagarde has implored central banks to consider issuing digital currencies. The use of cryptocurrency will offer immediate, safe, cheap, and potentially semi-anonymous transactions, she said at [...]Carrefour Joins IBM Food Trust Blockchain Network
IBM has announced a growing adoption of its food supply chain network, IBM Food Trust. The blockchain-based cloud network offers participating retailers, suppliers, growers and food industry providers with data [...]
Jaguar Land Rover global sales decline 12.3%
Jaguar Land Rover (JLR) today reported 12.3 percent decline in global sales at 57,114 units in September, hit by lower demand in China, the company has announced. The auto's sales [...]Google Incorporates A.I In Search Engine Enhancement.
Search engine Google has unveiled new enhancement aimed at making the task of finding answers online even easier for its users around the world. The company which marked 20 years [...]
