NSE hits 19-year low as US rates batter stocks

Capital Markets NSE hits 19-year low as US rates batter stocks Thursday June 16 2022 Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) has fallen to lows last seen at the peak of the … Read more

Tourism defies rising Covid-19 cases as hotel bookings surge

Shipping & Logistics Tourism defies rising Covid-19 cases as hotel bookings surge Tuesday June 14 2022 Tourists enjoying themselves at Bamburi Beach Hotel, Mombasa in this photo taken on November 20, 2021. FILE PHOTO | NMG Airlines and tourism in Kenya are witnessing a surge in bookings this summer despite a steady rise in cases … Read more

Campaigners up the tempo on IP waiver-call on Covid-19 products, ahead of WTO meet

Hours ahead of the World Trade Organization (WTO) meeting that starts on Sunday, a flurry of representations are being made by pro-health groups, campaigning for the temporary waiver of intellectual property (IP) on Covid-19 technologies – vaccines, treatments and diagnostics. They are against the “restrictive” criteria of an alternative agreement that is presently being discussed … Read more

Pandemic effect: Digital transition still a work in progress

Digital transformation is not a new imperative for business leaders, but Covid-19 has made it a more urgent one, with firms looking to enhance their agility, speed, and data-driven decision-making. At the recently held Sapphire conference in Orlando, Florida, German enterprise software maker SAP announced innovations in four critical areas that will help its customers … Read more

$ 150 oil will not cripple economy, market: JP Morgan’s Marko Kolanovic

JP Morgan’s Marko Kolanovic predicts oil is surging higher – but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the US economy is strong enough to handle oil prices as high as $ 150 a barrel. “There could be some potential further spikes in … Read more

Corbevax gets nod from DGCI as heterologous Covid-19 booster

Biological E’s corbevax has become the first vaccine in India to get regulatory approval for a heterologous Covid-19 booster shot. People who are 18 years and above and have already taken two doses of either Covishield or Covaxin can now receive a dose of Corbevax as a heterologous Covid-19 booster. Hyderabad-based pharmaceutical and vaccines company … Read more