Pension funds book negative returns as share prices drop

Capital Markets Pension funds book negative returns as share prices drop Monday May 23 2022 Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG By CHARLES MWANIKIMore by this Author Summary Pension fund returns turned negative in the first quarter … Read more

Davos is back and the world has changed. Have the global elite noticed?

Davos, Switzerland CNN Business – The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The economy was humming, and a major armed conflict in Europe was on nobody’s list … Read more

AerCap Holdings: Largest aircraft owner lost 113 planes to Russia due to sanctions

New York CNN Business – AerCap Holdings, the aircraft leasing giant that is the world’s largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine. The seizures of the planes and 11 jet engines by Russian authorities caused AerCap to take a $ 2.7 … Read more

Russian Ruble inches closer to 5-year highs | Business News | WION – WION

Russian Ruble inches closer to 5-year highs | Business News | WIONWION

National average gas soars $ 4.48 per gallon hit $ 5.98 some states as costs soar 40 cents in a month

Gas prices have rocketed to another record high as the national average hit $ 4.48 a gallon today. Prices have surged by 15 cents over the last week, 40 cents over the past month and $ 1.43 in a year, according to the AAA. Meanwhile some states – such as California – are reporting spiraling … Read more

Wave of love from across Europe carries Ukraine to Eurovision VICTORY

President Zelensky has vowed to hold Eurovision in Mariupol next year after an outpouring of support from the European public propelled Ukraine to victory – as Britain’s Sam Ryder earned a shock second place.  Britain surprisingly topped the jury vote and led for most of the night before Ukraine were awarded a mammoth 439 points … Read more

Ukraine wins Eurovision Song Contest in wave of goodwill following invasion by Russia

Kyiv, Ukraine CNN – Ukraine’s folk-rap group Kalush Orchestra has won this year’s Eurovision Song Contest, surfing a wave of goodwill from European nations to clinch the country’s third win at the glitzy event. The band’s song “Stefania,” written about the frontman’s mother, beat competition from main rivals the United Kingdom and Spain at the … Read more

Asian stock market, US futures rise as Fed’s Powell summers speculation over aggressive rate hikes; oil up

Stocks and US equity futures rose Friday amid a bout of calm in global markets after Federal Reserve Chair Jerome Powell again pushed back against speculation of more aggressive interest-rate hikes. Japan, China and Hong Kong helped an Asian share gauge climb 1%. US and European contracts advanced after a volatile S&P 500 session saw … Read more

Oleksandr Zinchenko invites 10-year-old Ukrainian refugee to train at Manchester City

Oleksandr Zinchenko invites 10-year-old Ukrainian refugee, who ‘dreamed of becoming a footballer’, to train at Manchester City and shares his belief that ‘victory will come soon’ over Russia Oleksandr Zinchenko invited a young Ukrainian refugee to Manchester City He said Andriy, 10, ‘dreamed of becoming a footballer’ before fleeing his home Zinchenko has repeatedly condemned … Read more