Elisabeth Moreno Appointed new MD for HP Inc Africa
Elisabeth Moreno has been appointed as the new managing director for HP Inc Africa, effective immediately. She replaces David Rozzio who has acquired a leadership position at the Central Europe [...]
Jaguar Land Rover to Axe Thousands of its Staff
Jaguar Land Rover will axe about 4500 employees, as it tries to keep up with sales dip caused by multiple geopolitical and regulatory disruptions as well as technology challenges. The [...]Air France to Pull Plug on its Low Cost Airline Joon
Air France will discontinue operations of its low-cost airline Joon, after it failed to make profits since it was launched in 2017. Admittedly, the airline said that it had been [...]
Major US Financial Firms to Launch a Rival Cheaper Bourse
Major financial firms in the United States are teaming up to launch a cheaper bourse that will compete with the New York Stock Exchange and Nasdaq. To be identified as [...]Jim Yong Kim Resigns as World Bank President
Jim Yong Kim has resigned as the World Bank President six years after holding the position. He will leave the office on February 2019, three years before his retirement scheduled [...]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 [...]
