Algeria Aligns Itself to Become Italy's Main Supplier of Gas
Algeria is aligning itself to boost gas exports to Italy by 50%,seeking to become Italy's main supplier of gas. The North African nation will aim to increase supplies to Italy [...]
Russia Adds $3.5 Billion from Gas Profits to its Emergency Spending Fund
The Government of Russia has added $3.52 billion to its emergency spending fund, seeking to ensure economic stability amidst Western sanctions. The sanctions, imposed after Russia invaded Ukraine on 24th [...]Video; Interview With Rene Reinsberg, Co-Founder and President of CELO
On the sidelines of the inaugural #CeloConnect conference in Barcelona, our team in partnership with BitKe interviewed Rene Reinsberg, the Founder and President of CELO Foundation. In this interview, Rene [...]
Kenya-Focused Social E-Commerce Startup Elloe Secures Pre-Seed Funding
Elloe, a US-based social e-commerce startup focused on Kenya and emerging markets, has secured an undisclosed amount in pre-Seed funding round. Investors who led the funding round were the Philippines’ [...]JetBlue Airways Offers to Buy Spirit Airlines for $3.6 Billion
New York-based low cost airline, JetBlue Airways has offered to purchase all outstanding shares of Spirit Airlines, the fourth-largest carrier at Philadelphia International Airport (PHL), for $3.6 billion. The offer rivals that [...]Shell to Shoulder $5 Billion Loss after Russia Exit
Shell is set to incur a $5 billion loss when it relinquishes it assets in Russia as part of plans to withdraw from the country. The company has pledged to [...]Global Air Cargo up 2.9% in Feb-IATA
Despite a challenging operating backdrop, global air cargo markets show that demand increased by 2.9% in February 2022 compared to February last year. Global cargo capacity was positively influenced by [...]
Checkout Solution Startup, Fast, Shuts Down Operations
Online payments service, Fast announced that it is shutting down its operations with effect from Friday, 8th April 2022. This happens after the company ran out of funds after failing [...]Binance.US Raises $200 Million in its Seed Round
Binance.US has raised over $200 million in its seed funding round, raising the company's valuation to $4.5 billion. This is the first time the company has taken external investor capital and no [...]MasterCard Awards Two Kenyan Women
MasterCard Women SME Leaders Awards 2022 has named two Kenyans for their achievements. Carole Kinoti, a social fashion entrepreneur, was named The Retailer, alongside Sheila Mallowah the Principal Consultant and [...]Global Bonds Slump to a Discount for the First Time in 4 Years
Global bonds dropped below a key fixed-income watermark after Federal Reserve Governor Lael Brainard signalled a quicker-than-expected rundown of the central bank’s debt holdings. The Bloomberg Global Aggregate Index fell [...]
General Motors Partners with Honda for Electric Vehicles
General Motors has partnered with Honda Motor to co-develop a series of electric vehicles based on a new global architecture, seeking production of millions of vehicles starting in 2027. The [...]
