Coca Cola Postpones its $3 Billion IPO to Q3 2022
Coca Cola has postponed its estimated $3 billion initial public offering (IPO) for its African bottling to the third quarter of this year, after market turmoil linked to the war [...]
Qantas to Launch World's Longest Non-Stop Commercial Flight in 2025
Qantas has announced plans to launch the world’s longest non-stop commercial flight, with passengers set to spend 19 hours from Sydney to London by the end of 2025. To operate [...]European Union Plans to Court African Countries to Replace Rusian Gas Imports.
The European Union is seeking to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year. [...]
Meta Shares Surge after Facebook Releases better-than-expected Quarterly Earnings
Meta Platforms Inc (FB.O) shares climbed on Wednesday as Facebook's quarterly results reported that daily active users were above Wall Street estimates, despite Meta recording its slowest revenue growth in a decade. [...]Palm Oil Jumps 10% as Indonesia Expands Export Ban
Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt. Malaysia, the world’s second-biggest producer, is set [...]US Markets Earnings Report
The US stock markets closed Wednesday's session mostly higher as investors keenly followed the release of corporate earnings reports. Facebook owner Meta Platforms released its first-quarter earnings results after-hours trading. [...]Boeing Posts $1.2 Billion Loss in Q1 2022
Boeing has posted a $1.2 billion loss in first-quarter of 2022, compared with a loss of $537 million a year earlier. The company postponed the expected first delivery of the [...]Global Food and Energy Crisis Set to Last Until 2024- World Bank's Commodity Markets Report
The major shock to commodity markets, altering global patterns of trade, production, and consumption brought about by the Russia-Ukraine war could keep prices at historically high levels through the end [...]Twitter Accepts Elon Musk's $44 Billion Buyout Deal
Twitter has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The announcement ends a weeks-long saga Musk kicked off [...]Coca Cola Posts $10.5 Billion Net Revenue in Q1 2022
Coca Cola net revenue in the first quarter of 2022 rose by 16% to hit $10.5 billion, attributed to higher prices and a rebound in demand for its sodas at [...]Oil hits Below $100 on China Lockdown Jitters
Oil prices went down at the start of this week as concerns over a resurgence of COVID-19 infections in China fed on demand outlook in the global market. China is [...]
Global Cooking Oil Prices Set to Hike as Indonesia Bans Palm Oil Exports
The world's top palm oil producer, Indonesia announced plans to ban exports of the most widely used cooking oil on Friday, in a shock move that could further inflame surging [...]
