Argentina Central Bank Hikes Rate to 49% As Inflation Soars
Argentina central bank raised interest rates for the fifth time this year on Thursday this week in an attempt to halt an inflationary spiral. Also known as BCRA, the Argentine [...]
DriveWealth Taps Former Visa Crypto Executive, Terry Angelos as New CEO
Terry Angelos, Visa’s global head of fintech and crypto, is set to take over as chief executive officer of start-up DriveWealth next week as reported by CNBC. Terry Angelos joined [...]
Lufthansa to Spend $6 Billion on New Boeing Planes
Germany's Deutsche Lufthansa has announced plans to buy Boeing passenger and cargo planes, with a total list price of nearly $6 billion, citing a drive to modernise its fleet and meet strong [...]
VC Firm Rali Cap Launches $30 Million Fund for Emerging Markets
Rali Cap, an early-stage venture capital firm focused on emerging markets, has launched a $30 million fund. Investors who took part in the funding include FT Partners, Breyer Capital, Propel [...]Uber Seeks Out of Court Deal with Kenyan Drivers
Uber, the ride-hailing firm, has requested Kenya's Supreme Court to allow it to settle the dispute with Kenya drivers out of Court. The dispute revolves around Uber slashing fares by [...]Energy Catalyst Set to Fund Innovators to Curb Energy Crisis in Africa and Asia
Energy Catalyst, a UK government-funded programme, has announced its next wave of promising clean energy innovations. This is Round 8 of the funding programme, designed to accelerate access to sustainable [...]China's Exports Slumps to a 2-Year low in April as Lockdowns Bite
China’s exports and imports struggled in April as worsening Covid outbreaks cut demand, undermined production and disrupted logistics in the world’s second-largest economy. Export growth in April in dollar terms [...]Air France KLM Posts €552 Million Net Loss in Q1 2022
Air France KLM has posted a net loss of €552 million for the first quarter of 2021, one-third of the €1.5 billion loss reported during the same period last year. [...]Elon Musk to Serve as Temporary Twitter CEO after Takeover Completion
Elon Musk is expected to serve as Twitter's temporary CEO for a few months once he completes his $44 billion takeover of the company Last month, Twitter accepted an offer [...]Bank of England Hikes Interest Rates to 1%, a 13-Year High
The Bank of England has hiked interest rates from 0.75% to 1%, the highest since the financial crisis in 2009. The Bank further forecast inflation will climb above 10% in [...]Crypto Exchange Binance Wins Regulatory Approval in France
Crypto exchange, Binance, has won regulatory approval in France, allowing it to operate its cryptocurrency exchange in France. The approval makes France the first major European nation to give Binance [...]KQ Signs Codeshare Agreement with US' JetBlue Airline
Kenya Airways (KQ) has signed a codeshare agreement with JetBlue airline, allowing Kenyans living in Minnesota to fly nonstop to Nairobi. The move comes as a boost to the carrier [...]
