Cathay Pacific Workers Go on Leave
Cathay Pacific has sent its workers on a three-weeks unpaid leave, a move that has been necessitated by the coronavirus outbreak, that has led to airlines cancelling flights to China, [...]
Apple Stores in China to Remain Closed
Apple stores, corporate offices, and contact centres in mainland China will remain closed until February 9, 2020 due to the Coronavirus epidemic. The phone manufacturer has roughly 10,000 direct employees [...]
Uber Ceases Operations in Colombia
Uber has exited the Colombian market, after a court ruling that deemed its operation as unfair competition in the country. On 20th December 2019, the court ruled that the taxi-hailing [...]Chinese Markets Record Lowest Opening Since 2015
Chinese stocks recorded the lowest opening since 2015 after markets reopened following the prolonged lunar holiday. Mainland investors traded for the first time since January 23 when they broke for [...]How WorldRemit Grew From Seed Capital of £200,000 to a Leading Global Brand in Just 10 years
Kenyans in the diaspora, who number around 3 million according to data from the Ministry of Foreign Affairs, are today the country’s number one source of forex. The remittances they [...]
Global Markets Record Mixed Reactions in The Week
Global markets had mixed reactions throughout out the week as news of coronavirus outbreak dampened major markets. Chinese shares in Hong Kong headed for their worst day since October 2018 [...]Corona Virus Continues to Dampen Asian Stocks
The Corona virus outbreak continues to escalate in China with 7711 confirmed cases and 170 deaths, dampening Asian markets. Major indices such as NIKKEI225 recorded a 1.72% drop with Hang [...]BBC News to Close 450 Posts
The British Broadcasting Corporation (BBC News) is set to close up to 450 posts as the firm races towards attaining its £80 million ($88.1 million) savings target by 2022. The [...]Vodafone to Sell 55% Stake in Egypt Unit to Saudi Telecom
Vodafone Group PLC has signed a Memorandum of Understanding (MoU) with Saudi Telecom, a move that will see former sell its 55% stake (amounting to $2.39 billion) to the latter. [...]Boeing Largest Twin-Engine Jet takes Maiden Flight
The largest twin-engine jet from Boeing, which is also the world's largest, has recently made its maiden test flight, taking three hours and fifty one minutes from Washington to Seattle. [...]GM to Spend $3 Billion in All-Electric Trucks
General Motors (GM) has announced plans to spend $3 billion in producing different types of all-electric trucks, as well as autonomous vehicles. Of the $3 billion, the company will spend [...]Gold Rush Eases as Oil Loses Ground
The gold rush witnessed in Monday's trading is cooling off, although markets remain anxious about the coronavirus. In early Monday trading, investors sought refuge in safe-haven precious metals -Gold- as [...]
