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Tesla Announces Plan To Cut 7 Percent Of Its Workforce

Tesla Announces Plan To Cut 7 Percent Of Its Workforce

The prospects of a trade deal with China are trumping signs of trouble from two of the highest profile companies in the market. Netflix and Tesla both gave somewhat sober views of their outlook and saw their stock prices suffer. The broader stock market, however, shrugged off those warnings after China reportedly offered to address the more than […]

Weak Trade Data From China Has Investors Worried

Weak Trade Data From China Has Investors Worried

Weak trade data from China renewed investor worries about slowing global economies, sending share prices down for the day. Both imports and exports in China declined in December year over year while the country’s trade surplus with the U.S. expanded. The sluggish data from the world’s second biggest economy dragged down the price of West […]

Uganda To Launch Locally Made, Solar Powered Vehicles Before The End Of 2019

Uganda To Launch Locally Made, Solar Powered Vehicles Before The End Of 2019

The minister of Science Technology and innovations Dr Elioda Tumwesigye has assured Ugandans that before end of 2019, Uganda will be having its own made solar powered buses plying on the roads of Kampala and Entebbe. In 2014, Uganda Investment Authority commissioned two companies- Kiira Motors Corporation owned by Makerere University College of Engineering, Design, […]

New Oil Price Raises Hope For Nigeria’s 2019 Budget

New Oil Price Raises Hope For Nigeria’s 2019 Budget

The oil price rebound, yesterday, reached a significant point, selling at $60 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC, continue to withdraw excess oil from the international market. Prices of Brent, West Texas Intermediate, WTI, and OPEC Basket of 14 crudes stood at $60.00, $59.91 and $56.11 per barrel respectively. Further check […]

East African Community To Discuss The ‘True Fish Project’

East African Community To Discuss The ‘True Fish Project’

MINISTERS and senior officials from Tanzania, Kenya and Uganda are scheduled to meet next month to discuss the grand five-year project-True Fish-that starts this year. The gathering of Fisheries and Aquaculture Sectoral Council of Ministers that starts on February 1 will be preceded by the Coordination Committee Session on January 31 and the Senior Officials […]

Techno-Expo By FG To Boost Inventions, Innovations In Nigeria

Techno-Expo By FG To Boost Inventions, Innovations In Nigeria

Dr. Ogbonnaya Onu, minster of science and technology has said the 2019 Technology and Innovation Expo will bring to the fore the capabilities of Nigerian engineers, inventors and innovators in fast tracking sustainable development of the country. Dr. Onu disclosed this while briefing the press after inspecting the venue of the forthcoming 2019 Techno and […]

NSE Unveils Ai Powered X-Bot To Enhance Market Participation

NSE Unveils Ai Powered X-Bot To Enhance Market Participation

The Nigerian Stock Exchange, NSE, has launched the X-Bot, an artificial intelligence (AI)-powered Chatbot that responds directly and automatically to enquiries through Facebook Messenger. The X-Bot which is the first African securities exchange Chatbot is designed to provide market participants, especially retail investors, convenient, faster and real-time access to data and information from the Exchange. […]

U.S. Stocks Suffer Worst Year Since 2008 Financial Crisis

U.S. Stocks Suffer Worst Year Since 2008 Financial Crisis

Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all in the red for the […]

South Africa’s Rand Flat In Early Trade Ahead Of Trade Balance Figures

South Africa’s Rand Flat In Early Trade Ahead Of Trade Balance Figures

South Africa’s rand was flat early on Friday, giving up its small overnight gains as renewed jitters about the impact on global growth of the simmering trade war between China and the United States kept investors on the sidelines. At 0730 GMT the rand was steady at 14.4725 per dollar, unchanged from its overnight close […]

Amazon Workers On Strike In Germany, Italy And The UK

Amazon Workers On Strike In Germany, Italy And The UK

Amazon workers in Germany, Spain, Italy and the U.K. walked off the job on Black Friday, mixing labor unrest with the start of the biggest shopping season of the year. Close to 90 percent of the workers — some 1,600 employees, according to Business Insider — participated in the walkout at Spain’s largest Amazon warehouse […]