Cathay Pacific Posts $720 Million Loss in FY 2021
Cathay Pacific has posted an annual loss of $720 million for FY 2021, lower than its 2020 loss even as Hong Kong remained under tight coronavirus travel restrictions. The improvement [...]
Rolls Royce Spirit of Innovation' is World's Fastest All-Electric Aircraft
Rolls Royce's all electric airplane, dubbed the ‘Spirit of Innovation’ is officially the world’s fastest all-electric aircraft, having set two new world records which have now been independently confirmed. On [...]What to expect this week in US Markets | MSFT, AAPL, TSLA, BA
The past week was very volatile for the US Markets with all the three major indexes falling for a third consecutive week. The SP 500 index and Nasdaq Composite Index posted their worst weeks [...]
Airbus Cancels $6 Billion A321 Contract with Qatar Airways
Airbus has cancelled a $6 billion contract with Qatar Airways for 50 of its new A321neo passenger jets, escalating a legal battle between the two companies over paint on the recently delivered [...]Kenya Safari Rally to Remain On the WRC Calendar Until 2026
Kenya has signed a deal for the Safari Rally to remain on the official World Rally Championship(WRC) until 2026. The deal was signed on Sunday at the Automobile Club of [...]
US Markets Brief | Nasdaq, SP finish worst week since March 2020
The US Markets continued their slide to start of 2022 with all the three major indexes falling for a third consecutive week. The SP 500 index and Nasdaq Composite Index wrapped up their worst [...]US markets continue tumble as Netflix fuels Sell Off
US markets opened Friday's session lower after a volatile Thursday which saw the Dow Jones tumble by more than 3%. Among the major highlights, Netflix released its financial results for the fourth [...]Remittance inflows to Kenya hits historic $ 3,718 Million in 2021 CBK Survey
A Central Bank of Kenya (CBK) survey shows that diaspora remittances to Kenya reached a record $ 3,718 Million in 2021. This surpassed a previous record of $ 3,094 Million [...]Kenya in Partnership with UK to Build the Nairobi Railway City
Kenya is partnering with the United Kingdom(UK) to build a new rail hub in Nairobi. This project is poised to be the largest and most ambitious development ever to be [...]News Highlights: Top US company news
Microsoft to Buy Activision Blizzard Microsoft (MSFT)$ has agreed to buy Activision Blizzard (ATVI) for $95 per share in an all-cash deal totaling $68.7 billion, making it Microsoft's largest acquisition by far. [...]Kenya Ponders Over Importing Mangoes, Mandarins from Pakistan
Kenya could soon begin importing mandarins and mangoes from Pakistan, becoming an international market for the Asian nation 40,000-50,000 citrus fruits. According to officials from the Pakistan Federal Ministry of [...]Kenya Hungary Sign 4 Bilateral Agreements
Kenya has signed four bilateral agreements with Hungary; for cooperation in health, water, education and diplomacy sectors. The agreement on health covers human resource capacity building, information sharing and prevention [...]
