Facebook to Acquire Stake in Top Indian Telco
Social media giant, Facebook, is in talks with Reliance Jio, a top Indian telco to acquire 10 per cent stake in a multi billion dollar deal. Techcrunch says that the [...]
Boeing to Resume 737 Max Production by May 2020
U.S. planemaker, Boeing, is set to resume production of 737 Max craft by May 2020, after halting the production in January this year. This was as a result of the [...]
US Lawmakers Working on a $2 Trillion Stimulus Package
Reuters reports that senior Democrats and Republicans in the US senate on Tuesday said they were close to reaching a deal on the $2 trillion coronavirus economic stimulus package. The [...]Startups in France Get $4.3 Billion Cash Injection
The government of France has announced plans to release a $4.3 billion cash injection for its startups, a move that seeks to help them survive the COVID-19 pandemic. According to [...]Global Demand For Dollar Soars
The United States dollar has continued to hammer major currencies, rising to the highest level against the UK pound in more than 30 years this week. According to Bloomberg, the [...]BMW Temporarily Closes Plants in Europe and South Africa
German automaker, BMW, has announced plans to close its plants in Europe and South Africa for one month, until 19th April 2020. The move seeks to curb spread of the [...]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 [...]
