AfDB's $3 Billion Bond Lists on LSE
The African Development Bank's (AfDB) $3 billion Fight COVID-19' social bond has listed on the London Stock Exchange (LSE), thus making it available to investors through the Sustainable Bond Market [...]
Mobile Money Accounts Exceed 1 Billion Worldwide
Every year, the GSMA Intelligence publishes a State of the Industry Report on Mobile Money Accounts, based on the results of the annual GSMA Global Adoption Survey of Mobile Financial [...]Global Markets Weekly Wrap-Up
The week commencing March 30 and ending April 2 global markets had a mixed reaction to the uncertainty imposed by growing COVID19 cases. The week marked the end of a [...]
US Weekly Jobless Claims Double to a Record 6.65 Million
US unemployment claims doubled in a week as COVID19 continues to ravage America. Businesses are closing down due to a lockdown imposed to contain the spread of the virus. Statistics [...]British Airways to Suspend 36,000 Staff
British Airways is set to suspend close to 36,000 staff due to the COVID-19 pandemic that has left much of its fleet grounded. According to an agreement between BA and [...]Global Markets Anticipate Release of US Labor Statistics
Global markets remain uncertain as the week progresses having traded higher compared to multi-year lows witnessed last week. For instance, Gold has hit highs of $1644 in the week. The [...]SoftBank Halts $3 Billion WeWork Deal
Japanese global tech investor, SoftBank Group, has pulled out of a $3 billion deal to buy WeWork shares it entered into last year. In a statement, SoftBank pointed out that [...]Huawei Full Year Revenue Jumps 19% to $123 Billion
Huawei Technologies said on Tuesday that its revenue for 2019 amounted to 858.8 billion yuan ($123 billion), marking a 19.1% rise from the previous year but missing the company's target. [...]Emirates Receives Govt Bailout to Survive COVID-19
Dubai's state-owned airline, Emirates, has received a government bailout to enable it to remain afloat during this COVID-19 pandemic. The airline has seen its passenger fleet grounded since 24th March 2020. [...]Airbnb to Refund $250 Million to Hosts
Airbnb has suspended all its marketing activities amidst numerous cancellations over the COVID-19 global pandemic. The move seeks to save the company $800 million throughout this year, as they struggle [...]Somalia’s $1.4 Billion Debt Cancelled by Paris Club Creditors
The representatives of the Paris Club Creditors have agreed, together with the government of Somalia, to cancel 67% of the latter's debt, translating to $1.4 billion. This debt restructuring is [...]EasyJet Grounds Entire Fleet
UK budget airline EasyJet has grounded its entire fleet of planes for an undisclosed period citing unprecedented travel restrictions due to COVID19 pandemic. The airline has 331 planes serving 1051 [...]
