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By Tajuddin
In BUSINESS
Oct 16th, 2016
0 Comments
471 Views
Nairobi, Kenya (Xinhua + DIPLOMAT.SO) – Kenya Airways has cancelled five flights to African destinations and delayed one as a strike by its staff members entered its third day on Sunday, leaving hundreds of passengers stranded in Nairobi, Kenya. The airline has cancelled flights to Mozambique&#...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
404 Views
Tokyo, Japan (AFP + DIPLOMAT.SO) – Japanese mobile carrier SoftBank said Friday it hoped to raise as much as $100 billion for a new technology investment fund it has set up in partnership with Saudi Arabia. The company said it would invest about $25 billion in the SoftBank Vision Fund over the ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
423 Views
Khartoum, Sudan (Xinhua + DIPLOMAT.SO) – Sudan signed with Russia a number of agreements for exploring mineral fields in Sudan, said Sudan’s minister of minerals on Thursday. The agreements, signed between the mineral ministry and the Russian State Geological Company, covered development ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
393 Views
Seoul, South Korea (AFP + DIPLOMAT.SO) – Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning...
By Tajuddin
In BUSINESS
Oct 13th, 2016
0 Comments
345 Views
Nairobi, Kenya ( Reuters + DIPLOMAT.SO) – Restructuring loss-making carrier Kenya Airways will take a month, the government said on Wednesday, appealing to pilots to withdraw a strike notice and join discussions. Tourism Minister Najib Balala, who sits in a cabinet sub-committee tasked with rev...
By Tajuddin
In BUSINESS
Oct 11th, 2016
0 Comments
359 Views
Warsaw, Poland (AP + DIPLOMAT.SO) – A dispute between Poland and a France-based helicopter producer over a scrapped multibillion-euro deal broke into the open Tuesday, with the company saying it had been misled for months over the agreement. Poland’s conservative government unexpectedly e...
By Tajuddin
In BUSINESS
Oct 11th, 2016
0 Comments
330 Views
Nairobi, Kenya (Xinhua + DIPLOMAT.SO) – Kenya is this month seeking to raise 297 million U.S. dollars from the domestic market for infrastructure projects in the energy, water and transport sectors. The East African nation is carrying out a number of infrastructure projects that include constru...
By Tajuddin
In BUSINESS
Oct 10th, 2016
0 Comments
326 Views
San Francisco, California State, United States of America ( Reuters + DIPLOMAT.SO) – Shares of Twitter Inc (TWTR.N) slumped more than 13 percent in premarket trading on Monday after a weekend Bloomberg report that the social media company was unlikely to receive any bids. Salesforce.com Inc (CR...
By Tajuddin
In BUSINESS
Oct 10th, 2016
0 Comments
336 Views
Anakara, Turkey ( Anadolu Agency + DIPLOMAT.SO) – Turkey has agreed to sign a joint investment fund with Russia on Sunday, Economy Minister Nihat Zeybekci said. The $1 billion fund aims to boost relations in many areas such as tourism, energy, agriculture and transport. Speaking to journalists ...
By Tajuddin
In BUSINESS
Oct 10th, 2016
0 Comments
338 Views
Singapore ( Reuters + DIPLOMAT.SO) – Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years. Brent crude futures LCOc1 were trading at $51.58 per barrel at 0646 GMT, down 35 cents or 0.67 percent, fr...