France Bans Short Haul Domestic Flights in Favour of Trains
The European Commission has given a green light for France to ban short haul domestic flights between cities that are linked by a train journey of less than 2.5 hours. [...]
Brazil Approves Bill Regulating Use of Bitcoin as a Means of Payment
Amidst the ongoing bear market, regulators from all across the globe have been scrutinizing the Bitcoin-ledindustry. Brazil, however, was taking a leap into the crypto-verse with its latest regulatory framework. [...]
IFC Unveils New $225 million VC Fund for Early Stage Tech Startups
The International Finance Corporation (IFC) has unveiled a new $225 million fund to invest in early-stage companies in Africa, Middle East, Central Asia, and Pakistan. The IFC's new fund will [...]
Bill Gates Arrives in Kenya
Microsoft Co-Founder Bill Gates will be in Nairobi, Kenya, from today to meet key government officials, private sector players, regional scientists and innovators. The co-chair of the Bill Melinda [...]Facebook Parent Company, Meta Lays Off 11,000 Employees
Facebook owner Meta has laid off over 11,000 employees, in a bid to reduce headcount by about 13% as the social media giant struggles with declining revenues. The company's [...]Elon Musk Sells Tesla Shares Worth $4 Billion
Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the [...]RwandAir Begins Non-Stop Direct Flights to London
Rwanda’s national flag carrier, RwandAir has begun direct flights between Kigali and London, England, shortening the flight time for travellers between the two cities as the airline seeks to expand [...]UK Kenya to Implement Climate Projects Worth KES 500 Billion
The UK and Kenya have announced plans to accelerate the implementation of climate projects worth KES 500 billion ($4.1 billion) in Kenya. The UK government says a sum of KES [...]US Central Bank Hikes Interest Rates by 0.75 Percentage Points
The US central bank has approved another sharp rise in interest rates as it wrestles to rein in fast rising prices. The Federal Reserve said it was raising its key [...]Astral Aviation to Operate Direct Cargo Flights to Israel
Astral Aviation has received the nod to operate direct cargo flights to Israel, after acquiring a second freighter from the US ahead of the peak season for horticulture exports. This [...]Shell Posts $9.5 Billion Profit in Q3 2022
Shell has posted a $9.5 billion profit in the third quarter of 2022, almost doubling when compared to the $4.2 billion profit posted during the same period last year. The [...]Boeing Posts $3.3 Billion Loss in Q3 2022
Boeing has posted a $3.3 billion loss in the third quarter of 2022, attributed to increased costs on several defense programs due in part to supply chain expenses. The company [...]
