Virus-free New Zealand Raises the Minimum Wage to $20 an hour
New Zealand has raised the minimum wage to $20 an hour and upped taxation on the wealthiest Kiwis after recording nil Covid-19 infections. The country has not seen any community [...]
LG to Officially Wind Down its Global Mobile Phone Business by July 31
LG Electronics has announced that it is exiting its mobile phone business, a strategic decision approved by its board earlier. The company will now focus on growth areas like electric [...]
Kenya, in terse response, slaps Restrictions on UK Visitors
The Government has responded to the UK's unilateral restrictions of travel from Kenya by requiring that all passengers from British airports go through mandatory 14-day isolation. This is to be [...]Global Markets; SP 500 Hits Record High, Coinbase IPO, OPEC+ Meeting, NFP data, Tesla News
The US stock markets ended the week on Thursday before the Good Friday holiday with gains as SP 500 hit a newrecord-highlevel and passed the 4,000 points mark. The Dow [...]
US Stocks End First Quarter With Strong Performance
Major indices in the US stock market on Wednesday ended the first quarter of 2021 higher amid rally in the stocks of Apple, Amazon, Alphabet, Facebook and other major tech [...]Global Markets; Wall Street, Paypal Crypto, WhatsApp in Brazil, Tesla Amazon News
Wall Street Major indices on Wall Street closed lower on Tuesday as the markets await President Joe Biden's Wednesday reveal of his administration's economic pan and the infrastructure bill that [...]Xiaomi Ventures into Electric Vehicles, Invests $10 Billion
Chinese smartphone maker, Xiaomi, has announced its venture into the electric car business, initially investing $1.52 billion in the wholly-owned subsidiary, with a total investment goal of $10 billion over [...]Boeing Bags Largest Order for 737 Max Jets from Southwest Airlines
U.S. planemaker, Boeing, has bagged its largest order so far for the troubled 737 Max jets since the aircraft’s safety ban was lifted in the United States late last year. [...]Visa to Allow Payments Settlements in Cryptocurrency USDC
Visa has announced that it will allow payment settlement via cryptocurrency, bridging digital and traditional fiat currencies. The card provider has launched a pilot payment program in partnership with Crypto.com [...]Global Markets; Suez Crisis, US-China Tensions, Vaccine Updates
Suez Canal Ship Shoei Kisen Kaisha, the owner of Ever Given, the large ship that blocked the Suez Canal since Tuesday last week, said on Monday the ship had turned [...]New York Legalizes Marijuana for Recreational Use
New York has announced the legalization of marijuana for recreational use. This means that cannabis use would become legal for adults 21 years old and up. They will purchase marijuana, [...]Telegram Raises $1 Billion in Debt Financing
Telegram has raised close to$1 billionin debt financing by selling bonds. This includes $75 million from Mubadala and another $75 million from Abu Dhabi Catalyst Partners in exchange for 5-year [...]
