Google's Parent Company, Alphabet, Posts $17.9 Billion Net Profit in Q1 2021
Google's parent company, Alphabet's Q1 2021 profit jumped by 162% to reach$17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous high of $15.2 [...]
US Markets; Tesla Earnings, Amazon Stock Split, Apple's $430B investment
US Markets The US stock markets closed slightly higher on Monday as major companies continued to release their quarterly financial results. The Dow Jones fell at close by 0.18% while [...]
Edna Otieno Appointed Diageo’s Human Resource Director WEF 1st July
Edna Otieno has been appointed asDiageo'sHuman Resource Director in Great Britain, with effect from 1st July 2021. She becomes the first Kenyan to take up that role. Prior to her [...]Global Markets Major Highlights
Stocks in the US stock markets continued to trade lower on Tuesday amid earnings reports released by major blue-chip companies such as Coca Cola, Netflix, IBM, United Airlinesamong others. Investors [...]Mastercard buys Online identity Verification Startup Ekata for US$ 850 Million
Mastercard has strengthened its online identity management capability by acquiring Ekata, an identity verification firm, for US$850 Million. This move has been prompted by rapid digital transformation happening in online [...]
UK Eyes Central Bank Digital Currency
The UK is considering creating a digital currency backed by the country's Central Bank. On Monday, the Bank of England and the Treasury announced a team of experts who will [...]
Delta Airlines Posts $1.18 Billion Net Loss in Q1 2021
Delta Airlines posted a net loss of $1.18 billion in the first quarter of 2021 (January to March). Its revenues dropped 60% to hit $4.15 billion, compared with the $10.47 [...]Global Markets; Coinbase Grab Listing, ByteDance IPO, JJ Vaccine Halt
Coinbase Listing Bitcoin extended its rally on Wednesday, reaching a new record price of more than $64,000 even as Coinbase listed its shares on the Nasdaq Stock Exchange trading under the [...]Boeing Delivers 29 Aircraft in March
U.S. planemaker, Boeing, has announced that it delivered 29 aircraft in March, up from 20 in the previous year, marking the company's second straight month where net orders stayed positive. [...]Kenya Beat South Africa Nigeria as the Top Investment Destination for Japanese Firms
Kenya is one of the fastest-growing economies in Africa and a leading investment destination for international investors. A recent survey by the Japan External Trade Organisation (JETRO) revealed that the [...]Norway Sovereign Wealth Fund Finally Invests In Renewable Energy
The worlds largest sovereign wealth fund, The Norwegian Government Pension Fund, has invested in renewable energy after years in the oil and gas sector. Through the Norges Bank Investment Management, the fund acquired a 50% stake at the cost of 1,374 Million Euros of the Borssele 1&2 Offshore Wind Farm. The offshore wind farm located in the Netherlands is the second-largest in the world and can generate up to 752 MW of wind power.IMF Forecast A Stronger Global Recovery After COVID-19
The International Monetary Fund(IMF), in its latest global outlook, expects the world economy to grow at 6% in 2021 and 4% in 2022. This is from a negative three per [...]
