China's PMI declines to 50.6 in February 2021
China’s Official Manufacturing Purchasing Managers’ Index (PMI), a statistical tool that measures the level of business activity in an economy, declined to 50.6 in February from 51.3 in January 2021. [...]
Visa in Move to Spark Kenyan Fintech Growth Through Visa Everywhere Initiative
Visa has announced the 2021 edition of the Everywhere Initiative. The initiative opens an innovation program that tasks start-ups and fintechs to solve the payment and future commerce challenges and [...]
Apple Opens All US Stores for the First Time Since March 2020
Apple has opened all its 270 stores in the United States since the onset of the pandemic in March 2020, when the phone maker closed its retail stores outside China. [...]
US Trade Rep Nominee promises to review US-Kenya Trade Deals
US Trade Representative Nominee Katherine Tai has told a US Senate Finance Committee that she will review all trade agreements between the US and Kenya if the US Senate confirms [...]Rolls-Royce Taxis All-Electric Plane, Eyes 480kph World Record for Electric Flights
Rolls-Royce has completed the taxiing of the Spirit of Innovation aircraft, a step toward its plan to set a record for the world's fastest all-electric plane. For the first time, [...]Square Begins Banking Operations via its Subsidiary Square Financial Services
Square Inc announced its entry into banking operations after completing the approval process by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions, bringing banking capabilities [...]Volvo to Go All Electric by 2030
Volvo has announced plans for its entire car line-up to be fully electricby 2030, all of which will only be sold online. The Swedish carmaker said 50% of its global [...]United Airlines Adds 25 Planes to its Order for Boeing 737 Max
United Airlines has announced plans to add 25 planes to its order for Boeing 737 Max jets, bringing itstotal to 180in the coming years. The airline expects to receive 24 [...]Global Markets; Wallstreet, Stimulus Package, Buffet's Annual Letter, Vaccine News, Zoom Earnings
Wallstreet Major indices in the US stock markets closed higher on Monday mainly driven by positive economic data, the progress on the $1.9 Trillion stimulus package and the news around the [...]
Saudi Central Bank spruces its systems with a new payment platform
Saudi Central Bank has launched Sarie, an instant payment system, to promote the national payments' ecosystem and enhance its infrastructure According to the Saudi Central Bank Governor Dr Fahad bin [...]Robinhood Eyes a Confidential IPO in March 2021
Trading platform Robinhood Markets Inc is considering confidential Initial Public Offering in March 2021. According to a Bloomberg report, the fintech held discussions with underwriters last week, planning to submitted [...]Oil Prices Rally after the U.S House of Representatives Pass New Bill
Oil prices rallied more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains. [...]
