KQ Explains Baggage Delays from Europe
Kenya Airways(KQ) has told customers to bear with the current baggage system failures at London Heaththrow over the past weekend. “Flights from Schiphol, Amsterdam and other European airports and is [...]
Nike to Quit Russian Market in 3 Months
The US sportswear maker, Nike has announced plans to fully exit the Russian market in three months, after suspending its operations there on 3rd March 2022. Nike said on March [...]
Equity Group CEO Urges for New World Order
Equity Group CEO Dr James Mwangi has said the current world economic and social order is unsustainable and does not inspire trust between businesses and their host communities. Dr Mwangi [...]Soaring Food Prices Push UK's inflation to a 40-year High of 9.1%
Soaring food prices pushed UK consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and one which underlines [...]
Russia Overtakes Saudi Arabia to Become China's Biggest Oil Supplier
Russia has become China's biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war. Imports of Russian oil rose by 55% from [...]Intra Commonwealth Trade Projected to Rise by $6.5 Trillion in 5 Years
Intra Commonwealth trade is expected to expand by $6.5 trillion in the next five years from the current $13 trillion, as the group seeks to strengthen both trade and [...]Sri Lanka Turns to IMF as it Battles Worst Economic Crisis
Sri Lanka has closed schools and halted all non-essentialgovernment services, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund (IMF) opened talks with Colombo on [...]Airline Industry on Road to Recovery as IATA Publishes Positive Forecasts for 2022
The International Air Transport Association (IATA) has announced an upgrade to its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. [...]Uganda Airlines Receives Landing Rights at Guangzhou
Uganda Airlines has received landing rights at Guangzhou Baiyun International Airport located in southern China. The public relations manager of Uganda Airlines, Shakira Rahim says this is the first-ever direct [...]Amazon to Expand to Africa in 2023
Amazon is planning to expand into five countries across Africa, Europe, and South America, while maintaining its base in the United States according to reports by the Business Insider. The [...]Cosmetics Giant, Revlon Files for Bankruptcy in the US
Cosmetics maker Revlon has filed for Chapter 11 bankruptcy in the US, as it says supply chain disruptions have driven up the cost of raw materials for its products. The [...]NSE Pointing to a Bear Market-Where Are the Opportunities?
The NSE( Nairobi Securities Exchange) Equities Market is sliding into a bear one if figures from the bourse are anything to go by. For instance, the NSE performance report for [...]
