VIDEO: Why Were Global Stock Markets So Turbulent Last Week?
Last week, global stock markets experienced significant volatility, leaving many investors on edge. The turbulence was particularly evident in Japanese equities, which lost $1.1 trillion in value within just three [...]
Hindenburg Report 2.0 Erects Another Hurdle for Adani's Global Operations
US-based short seller, Hindenburg Research, has unleashed a new report alleging the Chairperson of Securities and Exchange Board of India (SEBI) Madhabi Puri Buch and her husband invested [...]
Global Markets Fall after Japan Rate Hike, US Recession Fears
Global markets, including equity and crypto markets, opened this week with record lows as fears that the US is headed into a recession, a rate hike by the Bank of [...]Chinese EV Firm Chery Signs Deal with Local Manufacturer, Plans to Build Assembly Line
A Kenyan autodealer, Afrigreen Automobile, is set to benefit from a US$20 million investment from Chinese EV manufacturer Chery which will be used to establish an assembly plant in [...]Finance and Foreign Ministers Call For Reform of Global Financial System
Finance and foreign ministers have called for the remaking of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting [...]US President Joe Biden Quits White House Race, Endorses VP Kamala Harris
US President Joe Biden has decided not to seek reelection, and instead endorsed his Vice President Kamala Harris for the Democratic Party nomination. “I believe that it is in the [...]Four-Month INTERPOL Operation Nabs Cyber-Criminals across 5 Continents
The INTERPOL has cracked down on a fraudulent operation run by a West African crime ring called Black Axe', seizing assets worth US$ 3 million and arresting 300 suspects. The [...]Kenyan-owned Restaurant Swahili Village Fined KSh 68 mn in Wage Theft Case
Swahili Village, a Kenyan-owned restaurant chain in the United States, will pay US$ 526,000 (Kshs. 68mn) as restitution after it entered a no-fault settlement agreement with Washington DC to settle [...]Qatar Airways Announces 11 Weekly Flights from Doha to Entebbe
Qatar Airways has increased its flight frequency from Doha to Entebbe, Uganda, from a daily service to 11 weekly flights, with effect from 1st August to 30th September. “The increased [...]UK Elections: Conservatives Lose Majority, Labour Party takes Charge of Ailing Economy
Britain's center-left party, Labour, has won the country's elections with a landslide after clinching about 410 seats in the House of Commons, with the party's leader Keir Starmer set to [...]Qatar Airways Posts US$ 1.7Bn Profit, the Highest in 27 Years
Qatar Airways has posted an annual profit of US$ 1.7 billion for the financial year 2023/2024, the highest in 27 years, and 39 per cent higher than the previous year [...]Startups Peleza and Prembly Merge to Form Single Digital Security Platform
Kenyan digital verification startup, Peleza, has merged with US-based digital security platform, Prembly, to set in motion a new entity that will provide advanced solutions for businesses. The merger with [...]
