Egypt has been identified as the world’s third fastest growing economy – trailing only India and Uganda, by a recent Harvard report. The annual economic growth of Egypt is expected to reach 6.63 percent by 2026 according to the Global Growth Projections report unveiled by the Center for International Development (CID) at Harvard University. Uganda…
Following the rejection of a new pay deal by the French staff at Air France-KLM, its chief Jean-Marc Janaillac has announced his resignation form the strike-hit airline. “I accept the consequences of this vote and will tender my resignation to the boards of Air France and Air France-KLM in coming days,” he said. A new…
Warnings about the “nightmare” related to the changes in the new accounting rules have been issued earlier by Warren Buffett. And now it’s beginning. In the first quarter a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. was reported by the Omaha, Nebraska-based company mainly because of the rules the mandate reporting of unrealized gains…
The owner of British Airways has been snubbed by a new upstart airline – and not once but twice. There had been two occasions that IAG, the parent company of British Airways, had presented offers to buy out the newly set up Norwegian Air Shuttle. However, it had been refused the deal on both the…
Anheuser-Busch, the largest beer manufacturers in the world has reportedly placed order for “up to 800” electric trucks with Nikola Motor Co. – a Arizona-based electric truck producer, the auto manufacturer announced recently. Nikola said that the 2019 Consumer Electronics Show would be the occasion when it would unveil its a final production version of…
Adidas, one of the largest manufacturers of sports apparel in the world beat rivals Nike and Under Armour on their home turf in North America as the company reported another consecutive quarter of double-digit sales growth for the region. There was a 21 per cent growth in the sales of the company in the region for the first…
Australian Prime Minister Malcom Turnbull intends to bankers and financial advisers to provide advice to customers in a plain language and record those conversations. The prime minister says that too many cases have been found where customers were given a secondary focus and he is not pleased and is disappointed with the outcomes of the…
Privacy concerns in China erupted after one of the anti-graft watchdogs of the Chinese communist party claimed that messages that had been deleted from the WeChat account of a suspect had been recovered by them. However, there has been a denial of the allegations of storing by chat histories of users by Top of Formpfg…
Greater responsibility needs to be taken by technology companies for the impacts their work has on the society, said Alphabet Inc President Sergey Brin on Friday. This is the first time that he has said anything about on the issue of misuse of digital services that has been raging throughout this year. These comments were…
According to the AICPA’s Q1 2018 Personal Financial Satisfaction Index (PFSi). The personal financial satisfaction of Americans reached a new high because of the positive effects of lower taxes even though the stock market was brought down by extreme volatility in the first quarter of 2018. The PFSi increased 1.5 points (6.2 percent) compared to Q4 2017…
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