Business News

Twitter Adds Healthy Number of Monthly Users and Posts Q2 Earnings Topping Expectations

Twitter reported its second quarterly earnings that surpassed analysts' expectations but could not match the total revenue forecasts.

Ahold Delhaize Starts Its Fist Business Da as a Merged Entity

On Monday, Massachusetts Attorney General Maura Healey announced that an antitrust settlement has been reached and it's a go ahead by the authorities, to allow merger of the Dutch supermarket chain Ahold and Belgium's Delhaize. Ahold is the parent of Stop & Shop and Delhaize is parent to Food Lion and Hannaford supermarkets.

Amazon will Test Its Drone Delivery in the U.K Under a New Partnership

Amazon for years has been trying to expand its drone delivery testing and in the U.S, the company did not get permission to pilot the flying machines beyond the operator's line of sight.

Now, Amazon has partnered with the British government in that effect and can expand its drone testing efforts notably. This move could permit Amazon's drone deliveries of packages to British homes much earlier than in the U.S.

Most UAE residents unaware about healthcare insurance costs

According to a new survey, a majority of the residents of the United ArabEmirates indicated that they are unaware of their healthcare insurance costs.

The research conducted by YouGov in April showed that 84 per cent of the respondents underestimate the country's high level of medical inflation. It also found that 51 per cent of the people living in the country are unaware about the cost of their health insurance.

Gold and Copper Miner, Newcrest Mining Reports Boost in Output

Newcrest Mining, the Australia based gold and copper miner reported a 0.7 percent boost in output to 2.4 million ounces in this financial year. In the June quarter, production dropped 6 percent compared to the March quarter.

According to the miner, June quarter's output drop was mainly attributed to an extended suspension in production in Indonesia's Gosowong mine due to "geotechnical event" in February. One miner was trapped underground in this mine and was later rescued successfully.

Billions of Dollar Leave the African Continent in IFFs

A new report from United Nations Conference on Trade and Development or UNCTAD showed that IFFs of illicit financial flows have deprived Africa of the much need finance for development to achieve its goals for progress.
According to the 2016 UNCTAD Economic Development in Africa Report between 1970 and 2008 total US854-billion or approximately R12218-billion has left Africa in illicit financial flows.