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 [...]Asian Markets Open Lower Amid Corona Virus Fears
Markets across Asia opened low on Monday as fears of the coronavirus swept across the region. 2700 people have contracted the virus in China with over 80 reported dead. Furthermore, [...]LSE Celebrates UK-Africa Investment Summit
London Stock Exchange Group (LSE Group) has recorded remarkable feats at the recently concluded UK-Africa Investment summit held in London. They include the listing of two unique bonds, as well [...]Facebook's Libra Faces another Setback as Vodafone Quits
Facebook's cryptocurrency, Libra, has faced another setback after telecommunications firm, Vodafone, withdrew from the project, citing the need to concentrate on its own related service. We can confirm that Vodafone [...]Tesla Hits $100 Billion Valuation Mark
Tesla has crossed the $100 billion stock market evaluation, becoming the first US car manufacturing company to hit the mark. This comes as a great sign even as the company's [...]Boeing to Borrow $10 Billion amid 737 Max Crisis
Boeing is set to borrow close to $10 billion from banks, a move that seeks to get it back on its feet after suffering massive losses linked to the worlwide [...]Qatar Signs $470 Million Deal to Build its First Solar Plant
Qatar, in conjunction with French and Japanese partners, has signed a $470 million (KSh47 billion) deal to build its first solar energy plant. According to Qatar's minister for Energy, Saad [...]
