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 [...]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 [...]
