Airlines Need $200 Billion to Survive
Airlines worldwide need $200 billion (KSh20.8 trillion) capital injection for them to remain afloat in this COVID-19 pandemic, officials from International Air Transport Association (IATA) now say. IATA reports that [...]
Financial Markets Closure Looms
Financial markets have continued to plunge in the wake of the corona virus pandemic. The U.S Market has experienced lows that analysts compare with the 2008 Financial crisis which saw [...]Apple Temporarily Closes Retail Stores Worldwide
Apple has temporarily closed its retail stores worldwide, a move that seeks to combat the fast spreading coronavirus (COVID-19). According to the tech giant, the closures will last at least [...]Bill Gates Steps Down from Microsoft's Board
Microsoft co-founder, Bill Gates, has stepped down from the company's board of directors. The 64 year-old founder ceased to be a board member on 13th March 2020. According to the [...]Oil Prices Fall After Fed Cuts Rate to 0-0.25% range
Prices of crude oil fell by more than 3% on Sunday following a move by the United States Federal Reserve to further cut interest rates to 0%-0.25%. The Fed noted [...]Global Markets Weekly Round-Up
The week began with a major crash in the energy markets after Saudi Arabia announced a move to slash oil prices by boosting its production by more than 10 million BPD in [...]
UK Temporarily Bans Short-Selling of Italian Spanish Stocks
The UK financial regulator has suspended short selling of some London Stock Exchange listed stocks such as Juventus Football Club, Ferrari, among other Italian and Spanish stocks. Short sellingoccurs when [...]
The Mobile Gender Gap Report 2020: 300 Million Fewer Women than Men Use Mobile Internet
Themobile gender gaprefers to how much less likely a woman is to usemobileinternet than a man, at least once in the last three months. Every year, GSMA Intelligence conducts surveys [...]Global Markets Enter Bear Run
Wallstreet on Thursday entered a bear run as investors continued the sell-off which has dragged stocks by more than 20% from the recent record highs. This comes after the World [...]
Microsoft Launches Social Entrepreneurship Program
Microsoft, via its Microsoft for Start-ups initiative, has launched a Global Social Entrepreneurship program during the recently concludedSankalp Africa Summit 2020. The program seeks to build and scale underrepresented founders [...]Podcast; How COVID-19 is propelling Saudi Arabia vs Russia Oil Price War
News of a potential increase in Saudi Arabia's crude production with COVID 19 anxiety sent oil prices to 18-year lows as markets opened on Monday. Oil prices plummeted by more [...]Oil Prices Rise After Historic Crash
Oil Prices of oil rebounded during Tuesday's session with Brent for May deliveries rising by more than 13% from Monday's crash of more than 30%. The rebound follows an announcement [...]
