Category: Business

On a fateful Wednesday evening, a regional jet and an Army Black Hawk helicopter collided midair near Ronald Reagan Washington National Airport, leading to a tragic loss of life. The midair collision involved a Bombardier CRJ700 regional jet, operated by PSA Airlines, and a Sikorsky H-60 helicopter on a routine training flight. The incident resulted in the halting of all takeoffs and landings at the airport and initiated a large-scale multi-agency search and rescue operation. The investigation, led by the National Transportation Safety Board, is still underway.

Argentina's lithium production surged by 56.7% in July 2024, highlighting the nation's growing role in the global lithium market. As demand for electric vehicle batteries and renewable energy technologies increases, the price of lithium is expected to rise significantly by 2027. However, this growth brings environmental concerns, particularly the impact on groundwater resources in drought-prone regions.

This article explores the influence of climate policies on the oil market. It delves into the industry's shift towards low-carbon energy sources, the changing role of OPEC, and how these dynamics impact oil prices. It also addresses the interplay between the dollar and oil prices. The analysis draws on insights from significant studies by economic experts.

Prime Cabinet Secretary Musalia Mudavadi has confirmed that the Jomo Kenyatta International Airport (JKIA) is not being sold to private entities. Instead, he revealed that the government plans to engage in a Public-Private Partnership (PPP) to finance the construction of a new terminal. This move aims to modernize and expand the airport, positioning it as one of the largest and busiest in Africa. Transparency and legality are prioritized in these efforts.

Rapper 50 Cent visited Capitol Hill to champion better economic opportunities for Black entrepreneurs, especially in the alcohol industry. He met with several prominent politicians, sparking mixed reactions from fans after sharing a photo with Rep. Lauren Boebert. Despite criticisms, 50 Cent defended his visit and expressed optimism about future economic prospects.

Researchers Sourav Chakraborty, Vinodchandran Variyam, and Kuldeep Meel introduce the CVM algorithm, a groundbreaking method to count distinct elements in extensive lists. The randomization-based approach promises efficiency and scalability, opening potential applications across diverse fields ranging from social media analytics to text processing.

Uzoma Nwagba, CEO of Consumer Credit Corporation (CreditCorp), announced on Channels TV's Politics Today that 1.6 million Nigerians have applied for the new consumer credit scheme. Initiated by President Bola Tinubu's administration, the scheme started with civil servants and aims to broaden credit access for all citizens over several phases.

In the latest pricing review by the Energy and Petroleum Regulatory Authority (EPRA), Kenya experiences a marginal reduction in the costs of petroleum products. Super petrol, diesel, and kerosene prices saw a decrease of Sh1, Sh1.20, and Sh1.30 respectively. This adjustment will be effective from 15th May to 14th June 2024 and reflects fluctuations in global prices and local currency value.