In a move that could revolutionize the way people in Ethiopia do business, the government has granted a mobile money license to Safaricom. The company’s M-Pesa service is already used by millions of people in […]
Tesla has announced price cuts for the second time this year in a renewed bid to outprice competitors and stimulate demand. Certain models have had their price slashed by 5-10%. This follows even higher cuts […]
Yvon Chouinard, the billionaire founder of the outdoor clothing brand Patagonia has announced his intention to give away ownership of his company to a trust and non-profit organisation. The new ownership structure will ensure that […]
Following a high court ruling about Uber’s relationship with their customers, the price of each ride may be about to increase by 20%. The business was previously operated in a way whereby customers entered into […]
As economies around the world continue to be shattered by the economic consequences of Covid-19, millions of business have found themselves running out of cash. Stemming from huge declines in demand for almost every good […]
One thing we will learn from this pandemic is that when people see a crisis coming, they buy A LOT of toilet paper.  The surging demand has been one of the most fascinating and […]
As the world’s economies continue to reel from the damage caused by the spread of Covid-19, Supercar manufacturer McLaren is the latest company to announce a huge wave of layoffs. The British based firm is […]
The inflation rate in Canada entered negative territory in April, as year-on-year inflation was measured at -0.2%. This essentially means that the average price level in Canada was 0.2% less in April this year, than […]
The latest in a long list of ‘historic lows’ since Covid-19 wiped out the global economy is the total collapse of the American retail sector. Data released by the US Census Bureau has shown that […]
In this crazy new world we live in where everybody stays at home, one company which has benefitted hugely and seen soaring sales is the online e-commerce giant Amazon. As Covid-19 has continued to cause […]
Netflix and chill? Yes please, but not with a Coca-Cola. Recent announcements from these two corporate giants have given us an interesting insight into consumer trends and how staying at home is affecting demand differently […]
Since the US economy was essentially shutdown four weeks ago, the economic fallout has been tremendous and devastating. With businesses closing across all sectors of the economy, millions of people have been forced into unemployment. […]
The global fashion industry, valued at over US$2 trillion, has been hit extremely hard by the worldwide spread of Covid-19, resulting in business closures, loss of jobs, and plummeting sales throughout the whole supply chain. […]
The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus cases increase despite earlier signs that the virus seemed to have been contained. The additional […]
As of Wednesday this week, national minimum wage in the UK has increased by 6.2% for those aged 25 and above. This now means that any minimum wage worker over 25 will now be paid […]
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