Wall Street’s ‘Magnificent Seven’ moment of truth arrives for richly valued technology to deliver robust earnings
Growth and tech companies are seen as being more vulnerable to higher yields, as their typically robust projected future cash flows are valued less highly when investors can earn more from risk-free government bonds.
Kenya ends unpopular swap deal with Cuba for doctors citing cost of the six-year programme
Under the deal signed in 2017, 50 Kenyans were sent to Cuba to undergo specialised training, while 100 Cubans were dispatched to county level hospitals in Kenya to help improve services.
Prominent US lawyer pleads guilty to charges of attempts to overturn Donald Trump loss in 2020 poll
The acceptance of a plea deal is a remarkable about-face for a lawyer who, perhaps more than anyone else, strenuously pushed baseless conspiracy theories about a stolen election in the face of extensive evidence to the contrary. If prosecutors compel her to testify, she could provide insight on a news conference she participated in on behalf of Trump and his campaign
Kenya’s shilling, Nigeria’s naira tumble as Ghana’s cedi and Tanzania’s shilling hold firm against US dollar
Nigeria’s naira could ease in the coming week on the official and parallel markets after the currency hit record lows amid a central bank pledge to boost dollar supply in the market, which is yet to materialise.
Israel allows Egypt to send limited humanitarian aid to Gaza, Palestine says Tel Aviv blocking relief food
The war began on October 7 after Hamas militants stormed into Israel, and Israel vowed to destroy the militant group. The Hamas-run Gaza Health Ministry said that 3,785 Palestinians have been killed and more than 12,500 others have been wounded.
Spiritual vs physical world: It’s not God or angels who torment people in hell, people in hell torture each other
In his book Swedenborg says that he was allowed to experience the process of dying and being awakened in the spiritual world so that he could tell people on earth what it was like. He describes how angels sat beside him, unseen by most because angels are in the spiritual world.
Africa told to review management of its resources to avoid adverse socio-economic consequences
Historically, Bruyninckx said Africa has been an exporter of resources, but in a deeply unsustainable way. He said going forward, the continent is expected to play a significant role in the energy transition and information technology that the world relies on for smart solutions.
Delegates at AEW meeting say oil pipeline connectivity is key to critical minerals economy
The Southern Africa Development Community (SADC) has seen an increase in oil and gas potential, with new discoveries in Namibia and first liquefied natural gas exports in Mozambique.
It’s going to be difficult to convert Gaza from an open-air prison to something much better
An Israeli invasion has yet to start, but Gaza authorities say 3,500 Palestinians have already been killed by the aerial bombardment, around a third of them children – a larger death toll than in any previous conflict between Hamas and Israel.
War in Gaza has stirred up fears of rising hostility in US as more Palestinians are targeted
With 1,124 incidents, anti-Jewish attacks were the second most reported hate crime after anti-Black cases. There were 158 reported incidents of anti-Muslim attacks, and 92 reports of anti-Arab cases, according to the report.
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