Mobile Data Pricing 2020 Report: Somalia has the Cheapest Mobile Data in Africa
Cable.co.uk carried out a study between 3rd February and 25th February 2020, collecting data from 5,554 mobile data plans across 228 countries, trying to find out the average mobile data [...]
Qantas Airways Gets $550 Million in Debt Funding
Australian airline, Qantas Airways has secured $550 million in debt funding against three of its Boeing 787-9 aircraft. This new funding follows a previous $1.05 billion raised in March against [...]Rolls-Royce Opens its Digital Academy for Free Training
Rolls-Royce has opened its digital academy for free access, publishing its digital skills training program in order to help people and businesses around the world prepare for a potentially digital-centric [...]Shell's Net Earnings Drop by 46%
The oil and gas company Shell recorded a 46% drop in net earnings in the first quarter to hit $2.9 Billion. This massive decline has forced the oil multinational to [...]
Samsung, Huawei Take Massive hit from COVID-19
Sales of Samsung and Huawei smartphones suffered the heaviest declines in the first quarter of this year as the devastating impact of COVID-19 hit consumption and production of global smart [...]Ryanair Set to Retrench 3000 Employees
Irish budget airline Ryanair plans to retrench 3000 staff members and reduce the employee wages by up to 20% as COVID19 continues to hurt businesses. The airline expects passenger numbers and [...]
American Airlines Posts $2.2 Billion Loss
American Airlines posted a $2.2 billion net loss in the first quarter of 2020, its first quarterly loss since emerging from bankruptcy in 2013. The loss is a shift from [...]Global Markets Daily
Trip Advisor Fires 25% of Employees
TripAdvisor Inc. is cutting about a quarter of its workforce in a bid to shrink costs as the global coronavirus pandemic decimates travel. According to Gulf News, the Needham, Massachusetts-based [...]Lufthansa to Get a $10.8 Billion Bailout from Germany
Germany's largest airline, Lufthansa, is set to receive a $10.8 billion bailout from the German government so as to remain afloat during the COVID-19 pandemic that has punctured the aviation [...]British Airways to Lay Off 12,000 Staff
British Airways (BA) has announced plans to lay off up to 12,000 staff in the wake of the coronavirus pandemic that has seen all international passenger flights suspended, resulting in [...]UNCTAD Urges for $1 Trillion Debt Write Off
The UNCTAD (United Nations Conference on Trade and Development) is urging for the writing off of close to $1 trillion debts owed by developing countries across the world. The move [...]
