Exports Rise in Kenya
Kenya National Bureau of Statistics shows thriving signs in the country’s exports in 2 months (August-September, 2020). The total amount surged from Sh54.16 billion in August to Sh54.61 billion in September. The study also shows that the top export, 43.8%, has been seen in food and beverages in September and non-food industrial products totaled 24.4%. […]Read More
Would Vaccines Recover Oil Market?
Monday, November 23, 2020, saw a surge in oil prices, over 1%. The recovery comes as the vaccine test for coronavirus gains strength. Brent crude oil climbed 74 cents, 1.6%, and West Texas Intermediate crude surged 55 cents, 1.3%. Contango, shrank to 32 U.S. cents, the lowest level since June 15th. Demand is expected to […]Read More
Jobs Badly Hit By Pandemic
2020 has seen recession in many aspects of economies. Perhaps job loss and unemployment are major issues countries are dealing with these days. A record job loss, 20.5 million, has been reported in America in only one month, April. The unemployment rate has surged to 14.7% in the same month, over fourfold increase compared to […]Read More
Millennials Income Left Behind Gen Z’s
By 2031, Generation Z (Gen Z) will gain more income, exceeding millennials, Bank of America predicts. Haim Israel, global head of thematic investment strategy at BofA Global Research, said Gen Z will inspire a revolution among various generations. Gen Z, between 1996 and 2016, was set to get “most disruptive” to businesses and society systems, […]Read More
Hike in Pandemic Cause U.S. Travelers to Cancel Trips
As the new wave of the pandemic comes up, the American airline executives reported a fall in bookings ahead of thanksgiving. Robert Isom, America’s Airlines President, said the low demand is due to the fast spread of the coronavirus across the country. Earlier this week, the health authorities call on the public to stay in. […]Read More
Investors Under Threat As Debt Goes Up
The world countries, especially developed countries, are facing risks as debt levels rise due to the grievous coronavirus. Climbing to a high of more than $272 trillion during the third quarter, global debt is soon expected to hit another record by the end of 2020. As the plight goes on, governments across the world have […]Read More
Domestic Cocoa Consumption Brings Money to Ghana
To expand the cocoa business, Joseph Boahen Aidoo, CEO of Ghana Cocoa Board, calls on his compatriots to use cocoa-based products. He said this will both cut down the export of the produce and increase good health among people, especially the youth. Partaking in the Ghana Cocoa Awards, which was held in Accra, he added […]Read More
Tesla’s Model S Cars Not Recommended
Model S of Tesla’s sedan is not any more recommendable as concerns over its reliability increase, according to Consumer Reports. Glitches in the electric car’s touchscreen controls and air suspension have led to a fall in its ranking in the yearly Auto Reliability Survey. The Senior Director of Auto Testing, Jake Fisher, said different problems […]Read More
Arrival’s Merger with CIIG Merger Corp
The UK electric vehicle startup Arrival will unite with CIIG Merger Corp, organized by Peter Cuneo, a businessman in the U.S. While businesses have given up the old public offering, Special Purpose Acquisition Companies (SPACs) have dominated the market in 2020. These companies work to raise money for making merger deals. The deal grants a business […]Read More
Power Transport From Scotland to England
An “underwater energy superhighway” has been planned for transferring electricity from eastern Scotland to the northeast of England. The multi-billion-pound project will develop pair of high-voltage direct current cables, with an overall volume which reaches 4 gigawatts. Nicola Shaw, executive director at National Grid, in a statement said sufficient renewable electricity will be carried to […]Read More