The Suez Canal Blockage Costing Global Trade $9.6 Billion Daily
A large container ship on Tuesday this week blocked ship traffic in the Suez Canal after getting stuck sideways within the canal. According to media reports from the scene, attempts [...]
Mobile Cash Daily Transactions Globally hit US$2 Billion-GSMA
Mobile Cash transactions per day on a global scale exceeded US$2 billion and is expected to surpass US$3 billion a day by the end of 2022 GSMA. The State of [...]
Global Markets; Biden's Next $3T Package, WeWork $3.2B Loss, Dorsey's NFT sold for $2.9M
Wallstreet Major indices on Wall Street closed Monday's session higher on the back of news that President Joe Biden's advisers are preparing to deliver legislative proposals this week on the [...]IMF raises Reserves by US$ 650 Billion to assist pandemic-hit Countries
The International Monetary Fund (IMF) is boosting its reserves by some US$650 billion, to help pandemic-hit countries deal with immediate external financing pressures. The Fund will help emerging, and frontier [...]U.K's Uber Drivers to get Minimum Wage, Fringe Benefits
Uber, a US-based taxi-hailing app, will now be required to give its drivers a minimum wage, vacation pay and other fringe benefits to its drivers in the United Kingdom This [...]Oil Prices Slip Amidst Growing Concerns on Stockpiles and COVID-19 Vaccine
Oil pricesfell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including Germany [...]
Kenyan Mangoes to re-enter EU in September as fruit fly is suppressed
Kenya will resume its mango exports to the European Union (EU) in September this year. This follows the EU's tests, which showed low fruit fly infestation levels, allowing Kenya's re-entry [...]AerCap Buys GE’s Aircraft Leasing Unit for $30 Billion
The world's largest aircraft leasing company, AerCap, has bought the aircraft leasing business of General Electric, a deal worth more than $30 billion. The deal includes about $24 billion in [...]
BAT Buys £126 Million Stake in OrganiGram
British American Tobacco (BAT) has announced plans to buy a 19.9% equity stake in the Canada-based cannabis producer, OrganiGram, for about £126 million ($176 million), even as the company seeks [...]Tesla Model Y Sales pick up in China
Tesla Inc, a US-based electric vehicle maker, has reported its Chinese-made Tesla’s Model Y sales picking up in China less than three months since deliveries began. According to figures from [...]UK-Kenya Trade Deal finally ratified by both countries
The Kenya-UK post-Brexit trade agreement has received approvals from lawmakers of both countries, ending months of anxiety between the business community in Kenya and the UK. When the trade deal [...]Global Markets; US Stocks Hit Record as House Approves $1.9 trillion Stimulus Bill
US stocks closed Wednesday's session higher with the Dow Jones Index rising more than 460 index points to reach another record high at the close following the passing ofthe stimulus [...]
