Oil and Gold Markets on Edge: A Week of Crucial Data and Uncertain Policy
The global oil and gold markets are poised for a week of heightened anticipation as critical economic data releases and central bank decisions loom large. These events will shape the [...]
Royal Bank of Canada Appoints Donald Sanya CEO of USA Asset-management Business
The Royal Bank of Canada (RBC) has promoted Kenya born Donald Sanya to the position of Chief Executive Officer of its USA Asset-management business, which oversees $453 billion in assets [...]Oil and Gold Markets on Edge: Jobs Data and Geopolitical Risks to Dominate Week Ahead
The upcoming week promises a whirlwind of activity for oil and gold traders, with crucial US job reports that include non-farm payrolls and unemployment data, as well as lingering geopolitical [...]Global Oil Prices Fall After OPEC+ Extends Supply Cuts
Global oil prices fell below the USD 80/barrel mark just a day after the Organization of Petroleum Exporting Countries (OPEC+)meeting where oil-producing countries agreed to extend output cuts into 2025. [...]Agri-Data Platform, Gro Intelligence Shuts Down
Agri-data platform, Gro Intelligence, has reportedly shut down after months of capital shortage, leadership changes, and a controversial restructuring at the beginning of the year. The company received US$ 85 [...]Elon Musk's xAI Raises US$ 6 Billion 10 Months after Establishment
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance Elon Musk's xAI. Since its establishment, xAI has managed to [...]Google Launches Fibre Optic Cable Connecting Africa with Australia
Google has announced the launch of Umoja, a new fibre optic cable connecting Africa with Australia. In the Umoja launch statement, Brian Quigley, VP, Global Network Infrastructure, Google Cloud, stated [...]
Microsoft Announces $1 Billion Investment in Kenya’s Digital Ecosystem
US Tech giant Microsoft Corporation, in collaboration with G42, an Emirati artificial intelligence (AI) development company, have announced a $1 billion investment in Kenya's digital ecosystem. Key Highlights 1. State-of-the-Art [...]Iran's President Ebrahim Raisi, 63, Dies in Helicopter Crash
Iranian State media has confirmed the death of the country's president Ebrahim Raisi alongside the Foreign Affairs Minister Hossein Amirabdollahian in a helicopter crash last evening. The Bell 212 helicopter [...]Trader’s View: Trading US Stocks, Indices and Currencies During Turbulent Periods
Last week, the US Federal Open Market Committee (FOMC) decided to keep interest rates steady, which was highly anticipated and had significant potential to impact financial markets. Prior to the [...]
Global Air Cargo Capacity Hits 48.9 Billion in March 2024
The global air cargo industry registered a total of 23.1 billion cargo tonne-kilometers (CTKs) in March 2024, an increase of 17.4% month-on-month (MoM) and 10.3% growth YoY. International CTKs of [...]Insurance Regulator Blacklists Atlas Life Insurance
The Insurance Regulatory Authority (IRA) has said it does not recognise the services of Atlas Life Insurance, a foreign insurance company that has been selling life insurance products in the [...]
