The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose US$84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to US$419 billion from US$838 billion in 2019. In 2021, losses...
In the summer of 2019, President Trump declared on twitter: "We don't need China and, frankly, would be far better-off without them. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the...
Will collaborate on commercial vehicles - city van created and built by Volkswagen Commercial Vehicles and later 1-ton cargo van engineered by Ford, plus Volkswagen medium pickup built on Ford Ranger platform - from 2022
During the lifecycles of the products, the companies expect to produce up to...
Two weeks of massive, nationwide demonstrations against police violence and racial bias have raised concerns about a second wave of COVID-19 infections in the United States. It’s hard to engage in a collective display of righteous anger over George Floyd’s killing at the hands of the Minneapolis police and...
Online video gaming is one of the fastest-growing sectors in the global tech landscape. With COVID-19 lockdown measures creating a captive audience, an estimated US$159.3bn will be spent on games this year, according to a recent report from analytics firm Newzoo – a growth rate of 9.3%. The market...
If one issue should unite African leaders for immediate action today, it is the attempt by America’s Donald Trump to block the re-election of Dr. Akinwumi Adesina for a second term as president of the African Development Bank (AfDB).
Having served five years with distinction and emerged as sole candidate...
Well shut-ins typically last a few days or weeks at most, but oil companies have adopted stringent virus precautions for refinery and offshore staff, including frequent health checks, travel restrictions, onsite protective gear, and longer work stints with pre-departure quarantines.
More time-consuming evacuations and slower restarts could lengthen post-storm recoveries,...
The push for renewable energy to dominate the future energy architecture on a global level, to supplement and eventually substitute the more polluting traditional energy sources known as fossil fuels, have always been met with stiff opposition and some challenges. In spite of the drawbacks which includes intermittency, costs,...
The number of nations that committed to the Maya Declaration and the G-20 Financial Inclusion Action Plan, as well as strategies and targets set by individual governments, attest to the renewed interest in promoting financial inclusion in recent years.
The Centre for Financial Inclusion at Accion (CFI) defines full financial...