Dubai Business Park Operator to do an IPO
Dubai Tecom Group, a business park operator plans to convert into a public joint-stock firm ahead of doing an initial public offering(IPO0 This is as the firm provides office space [...]
Netflix Loses Subscribers for First Time in More than 10 Years
The number of Netflix subscribers has fallen for the first time in more than a decade. The streaming company said it has lost 200,000 members in the first three months [...]
Toyota to Invest $383 Million in US Plants
Japan-based auto maker, Toyota, has announced plans to invest $383 million in four of its U.S. production plants building new Toyota and Lexus vehicles. The new investment is aimed at [...]
Google Opens Product Development Centre in Nairobi
Google has opened a product development centre in Nairobi, its first in the continent, seeking to build products and services for the African market and also the whole world. The [...]Delta Air Lines to Finally Fly to Cape Town
Delta Air Lines is set to start flying to Cape Town, South Africa, after its application to fly a triangular route between Atlanta, Johannesburg, and Cape Town was approved by [...]China's Economy Grows 4.8% in Q1 Despite the Resurgence of COVID-19
China’s economy grew 4.8 per cent year on year in the first quarter (Q1) of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at [...]IMF Unveils $45 Billion Trust to Help Vulnerable' Countries
The IMF plans to raise at least $45 billion for a new trust to help “low-income and vulnerable middle-income countries” cope with protracted challenges like pandemics and climate change. The [...]Elon Musk Launches Hostile Takeover of Twitter for $54.20 per share
Elon Musk on Thursday made an offer to buy 100% ofTwitter Inc for $54.20 per share valuing the social media company at $43 billion. The world's richest man said his [...]
StanChart to Exit 7 markets in Africa, Middle East.
StanChart Bank Plc, the UK-based lender, plans to shut down its network in seven countries in Africa and the Middle East. This is as it seeks to grow its presence [...]Kenya to Face Shortage of goods from China as Government Imposes Major Lockdowns in Shanghai
Kenyans will be faced with a shortage of goods from China in the next couple of weeks following the move by Chinese authorities to lock down the city of Shanghai, [...]Japanese Yen Drops to a 20 Year Low Against the Dollar
The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan’s ultra-loose monetary policy and Fed tightening. Despite [...]UK Inflation Hits 30-year High of 7%
United Kingdom(UK) cost of living increased to a 30-year-high of 7% in March. This is worsening an already high cost of living situation and threatening the country's economy. March readings [...]
