Netflix disappointed analysts on the outlook for subscriber numbers, leading the stock to tumble 23% at the opening of the session. Peloton, on the other hand, continues to correct, rising 10%, after the sharp losses (-7%) recorded in the last session. CNBC reported yesterday that the company has decided to temporarily suspend production of fitness equipment linked to the...
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Southern African countries fly to Brazilian territory again
The Brazilian government today repealed restrictions imposed on flights from African countries at the end of last year, after the emergence of Omicron, a new variant of SARS-CoV-2, according to an ordinance published in the Official Gazette of the Union. According to the Lusa news, as of today, travelers coming from or going through South Africa, Botswana,...
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Mozambique is the third African country that administers the most vaccines
Mozambique is the third African country with the highest percentage of administered vaccines, covering 27.2% of the population with 18.9 million doses, according to the African Union Center for Disease Control and Prevention (Africa CDC). According to data made available following the weekly press conference of the Africa CDC, and cited by Lusa,...
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January 21, 2022January 21, 2022Latest, Marketing & Advertising, World, Business
Emirates invests $20 million in campaign in world's tallest building
Emirates has invested $20 million in a new campaign filmed atop the world's tallest building, the Burj Khalifa. After several months of preparation, the campaign featured the airline's A380, decorated with paintings from Expo 2020 Dubai. The airline's latest campaign aims to increase the influx...
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CTA says easing restrictions stimulates recovery
Mozambique's Confederation of Business Associations (CTA), the largest business organization, says the easing of restrictions related to the prevention of covid-19 could boost the resumption of economic activity in the country. CTA says the reopening of beaches and the unrestricted resumption of business establishment hours will give "a fresh air...
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Portuguese working in Angola invoice more than Angolans in Portugal
The Bank of Portugal announced that Portuguese emigrants working in Angola sent 22.9 million euros to Portugal and Angolans in Portugal sent only the derisory 800,000 euros, in November last year. According to the bank, comparing these November 2021 numbers with those of the same month of the year...
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South Africa asks the WB for USD 750 million
South Africa announced that it has taken out a $750 million loan from the World Bank (WB) to boost economic recovery due to the critical scenario caused by the covid-19 pandemic. In a statement, the South African Treasury said that the amount will serve to ensure the protection of the poorest and most vulnerable people of the...
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Madagascar's capital is submerged in rainwater
Madagascar's capital, Antananarivo, is flooded due to torrential rains that have killed about ten people and left another 12,000 homeless. Antananarivo was built in an area of steeply sloping hills prone to disasters in case of heavy rains and cyclones, which can lead to landslides. According to the authorities,...
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Toll rate discount satisfies Marracuene transporters, but negotiations continue...
The passenger transport operators of Marracuene district, Maputo province, say they are satisfied with the discount of 75% that they will benefit from in the use of tolls on the Maputo ring road. According to Radio Mozambique, the President of the Cooperative of Marracuene transporters, Hermenegildo Guerra, said there are no grounds for complaint. Already,...
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Portugal's Public Debt is 130.5% of GDP. The 3rd largest in the EU
Portugal's public debt ratio was 130.5% of Gross Domestic Product (GDP) in the third quarter of last year, the third highest in the European Union (EU) and above that of the Euro-Zone (97.7%) and the 27 as a whole (90.1%). Eurostat, the EU's statistical office, published the data this Friday...