US Hikes Tariffs on Airbus Plane Imports
The United States has hiked the tariffs on plane imports from the European Union (largely Airbus), from 10% to 15%. The hike will take effect on 18th March 2020. In [...]
European Asian Markets End Week in Dismal Performance
European and Asian Markets continued their dismal performance into Friday. Trading activity in those markets showed dimmed investor confidence. There were various factors for this, ranging from crude oil demand [...]
US Stocks Rally Continues as Coronavirus Cases Decline
The US equities continued to rally as the Dow Jones Industrial Average, SP 500 and the Nasdaq heating record highs on Wednesday. According to Gaurav Kashyap, a market strategist at [...]Coronavirus May Affect Commodity Based African Economies
Coronavirus continues to dampen Chinese economic growth with these effects poised to trickle to commodity-based African economies. As of February 11, Chinese authorities reported 1113 deaths and 44653 confirmed cases. [...]Boeing Records Zero Plane Orders in January 2020
Plane manufacturer, Boeing, did not receive any plane orders in January 2020, attributed to the mess meted upon the company by the 737 Max crisis. This is the first time [...]Air Italy Suspends Operations, Enters Liquidation
Air Italy has ceased all own operations, and gone into liquidation, albeit with few routes to be served until 25 February 2020 by third-party carriers. This comes following a joint [...]Daily FX Master-Piece 11/02/2020
Corona Virus Update Chinese officials reported 2478 new coronavirus cases and 108 new deaths as of Feb. 10th compared to 3062 new cases and 97 additional deaths for Feb. 9th, [...]Airbus Unveils New Plane Design
Airbus has unveiled a new plane design, characterized by the ability to blend its wings and body, as well as reduce carbon emissions by 20%. Additionally, it is has a [...]Huawei Removed from Vodafone's European Networks
Vodafone plans to remove Huawei technologies from the sensitive, core parts of its mobile network in the European Union, after Britain restricted the operations of the latter in its 5G [...]European Stocks Dip as Dollar Strengthens
European stocks opened low on Monday as investors continue to assess the economic impact of the coronavirus outbreak. For instance, the STOXX600 index, an index of European stocks fell 0.3% [...]China Southern Airlines Suspends Flights to Nairobi
China Southern Airlines has suspended its direct flights to Nairobi, amid the rising cases of the coronavirus, a move that experts say will hurt the booming trade between Kenya and [...]China's Plan to Cut Tariffs Adds Optimism to Global Stocks
Stock markets across the globe rose for the fourth straight day partly due to China's announcement to cut tariffs on some US goods. China is to cut tariffs by as [...]
