By Geoffrey SmithInvesting.com -- More big U.S. retailers report earnings, fleshing out the messages sent on Tuesday by the retail sales report and Walmart (NYSE: ). Retail earningsA surprisingly strong retail sales report for April on Tuesday, coupled with a surprisingly weak quarterly update from , put a special focus on the barrage of earnings from the retail sector later. Target (NYSE: ) and TJX (NYSE: ) will report before the open, and will all be scanned for corroboration of Walmart’s gloomy predictions. The leap in inflation to 9.0% was widely expected, due to a hike in VAT and regulated household energy bills. Oil pushes higher after drop in API crude stocksCrude oil prices rose again, after a surprisingly strong report from the American Petroleum Institute showing sustained strong oil demand despite record high prices for gasoline and diesel.
May 18, 2022 17:29 UTC
Egyptian startup Instabug, a mobile monitoring, crash and bug reporting solution for mobile teams, has raised US$46 million in Series B funding to add to its product and build what it says will be the first mobile observability and performance monitoring platform. Founded in 2016, Instabug helps developers better understand the performance of their mobile applications, and its impact on user experience. Its US$46 million Series B round was led by global software investor Insight Partners, with participation from existing investor Accel as well as new investors Forgepoint Capital and Endeavor. With the new funding, Instabug will continue to aggressively execute on its mission of serving engineering teams with performance metrics and issue visibility, and product teams with customer insights and direct user feedback. By adding to its existing proactive issue detection, advanced debugging and alert management capabilities, Instabug says it is building the first mobile observability and performance monitoring platform.
May 18, 2022 16:05 UTC
Japan is looking to Morocco to foster its food security in a global context marked by a surge in prices of soil nutrients on the back of the supply disruption created by the Russia-Ukraine conflict. Japanese deputy agriculture minister Takebe Arata told the media during his visit to Rabat that his country is seeking larger imports of fertilizers and phosphates from Morocco as well as citrus products. He said Japan intends to import Moroccan phosphates to feed soil in the next autumn season. Agricultural trade between Morocco and Japan stands at 200 million dirhams annually, showing a surplus in Morocco’s favor with exports at 180 million dirhams made up mainly of coriander, frozen strawberries and algae. Morocco has taken a central stage at global food security efforts as it controls the globe’s largest phosphates reserves.
May 18, 2022 15:25 UTC
Cairo-based Arab cinema distribution and marketing company Mad Solutions is extending its footprint into North America after taking an equity stake in New York-based arthouse distributor D Street Releasing. Under the new partnership, MAD Solutions will theatrically release five to seven Arab-language films in the US and Canada annually. D Street Releasing is a division of D Street Media Group, a production, distribution and music publishing company with affiliate operations in the US, Germany, Ecuador, Argentina and South Africa. Breaking stereotypes and prejudices is a key part of our mandate and with the support and resources from MAD Solutions, I believe we can achieve that goal. Cairo-based Mad Solutions has a 15-year track record of distributing and promoting Arab cinema in the Middle East and North Africa.
May 18, 2022 14:34 UTC
Winger George North has returned to the Wales squad for the first time since a serious knee injury in April last year as coach Wayne Pivac named a 33-player selection on Wednesday for the three-Test tour to South Africa in July. Flanker Dan Lydiate also spent almost 12 months on the sidelines with a knee problem but is back in the squad. "We've had some players come back from injury like George North so that's exciting for the squad," Pivac said in a media release from Welsh Rugby on Wednesday. The squad will continue to be captained by flyhalf Dan Biggar, despite the presence of experienced lock Alun Wyn Jones. Backs: Gareth Davies (Scarlets), Kieran Hardy (Scarlets), Tomos Williams (Cardiff), Gareth Anscombe (Ospreys), Dan Biggar (Northampton Saints), Rhys Patchell (Scarlets), George North (Ospreys), Nick Tompkins (Saracens), Owen Watkin (Ospreys), Johnny Williams (Scarlets), Josh Adams (Cardiff), Alex Cuthbert (Ospreys), Louis Rees-Zammit (Gloucester), Liam Williams (Scarlets).
May 18, 2022 14:22 UTC
Nigerian automotive technology startup Autochek announced today that it has acquired KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa. KIFAL Auto was founded by Nizar Abdallaoui Maane, a former BNP Paribas consultant, in 2019, to ease the process of buying and selling cars in Morocco. Get the best African tech newsletters in your inboxMorocco is one of the most developed automotive markets in Africa. Autocheck has presence across West Africa (Nigeria, Ghana, Ivory Coast), East Africa (Kenya and Uganda), and now North Africa (Morocco); partnerships with 1,500 dealers and workshops across these markets; and more than 70 banking partners, including Access Bank, Ecobank, UBA, Bank of Africa and NCBA Bank. “I have long been an admirer of the work Autochek has done to enable improved experiences across Africa’s automotive value chain.
May 18, 2022 14:20 UTC
Outside experts believe most of the fevers are from COVID-19 but North Korea lacks tests to confirm so many. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Tuesday that North Korea has not responded to its request for more data about its outbreak. Before acknowledging COVID-19 infections for the first time last week, North Korea had held to a widely doubted claim of keeping out the virus. South Korea’s government said it couldn’t confirm media reports that North Korea flew multiple planes to bring back emergency supplies from China on Tuesday. U.S. and South Korean officials also believe North Korea could conduct its seventh nuclear test explosion this month.
May 18, 2022 14:12 UTC
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May 18, 2022 13:56 UTC
The uncapped Leicester flanker Tommy Reffell has been named in the Wales squad for this summer’s South Africa tour for which George North has been recalled after 14 months out of Test match action because of a serious knee injury. Bridgend-born Reffell, a former Wales Under-20s captain, is rewarded for a succession of outstanding displays during Tigers’ push for the Premiership title this term. Biggar took over leadership duties for this season’s Six Nations while Jones continued his recovery from a long-term shoulder problem. Pivac said: “I spoke to Tommy Reffell before we announced the squad for the Six Nations. Italy’s 22-21 victory – their first in Cardiff – saw Wales fall from Six Nations champions last year to a fifth-place finish.
May 18, 2022 13:20 UTC
TANZANIA is among the 15 African countries that have been elected new members of the African Union Peace and Security Council (AU-PSC). "With new members come new perspectives, priorities, and approaches in this Council mandated with the maintenance and promotion of peace, security and stability on the continent," said the envoy. "The council called for predictable, sustainable and adequate financing for the African Union Transition Mission in Somalia (ATMIS), the successor mission to the African Union Mission in Somalia," he said. Moreover, the Council urged the United Nations Security Council to authorize the use of UN assessed contributions to fund ATMIS to preserve the positive gains made by AMISOM. The Peace and Security Council has sanctioned Member States 19 times for unconstitutional changes of government, and four of these suspension measures were taken within the period after June 2021.
May 18, 2022 13:11 UTC
A Nigerian government official is accused of syphoning N80 billion ($192.65 million) through bogus deals and contracts he allotted to his close family members and relatives. But what can N80 billion ($192.65 million) do in Nigeria? Therefore, N80 billion ($192.65 million) can produce at least three world-class hospitals, possibly in three different states. The agency forecasted the cost to rise to N10.3 billion ($24.8 million) and N13.5 billion ($32.5 million) in 2022 and 2023, respectively. With N80 billion ($18.8 million), the government can set up about 2 to 3 low-cost housing estates to reduce its housing deficit.
May 18, 2022 13:09 UTC
(Alba) "is on course to start the construction works for its fourth additional block in Power Station 5,” as stated by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, during the signing ceremony with Mitsubishi Power & SEPCO III consortium on Monday 16 May 2022 at Al Oasis Hall in Alba. (Alba), the world’s largest aluminium smelter ex-China, signed a full turnkey contract today with Mitsubishi Power, a power solution brand of Mitsubishi Heavy Industries, Ltd. (MHI), and SEPCO III consortium to expand Power Station 5 at Alba, adding a new 680.9 megawatts (MW) Combined Cycle Gas Turbine Power Block. Under the terms of the contract, Mitsubishi Power & SEPCO III consortium will be responsible to design, engineer, procure, construct and commission a 680.9 megawatts (MW) Combined Cycle Gas Turbine Power Block. Mitsubishi Power will supply a combined cycle power plant, which comprises of M701JAC gas turbine, an air-cooled version of J-series gas turbines and a steam turbine. Adding further, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:“We are thrilled to add a fourth block into Power Station 5 to bring its power output to more than 2.4 gigawatts (GW).
May 18, 2022 12:51 UTC
Ethiopia, Kenya and Somalia are the worst affected. This is reminiscent of the 2011 famine that killed more than 260 000 people in Somalia – half of them children under five. Oxfam and Save the Children lamented that more than a decade since the delayed response, the world is once again failing to avert catastrophic hunger in East Africa. Shako Kijala, Save the Children’s regional spokesperson, bemoaned that 5,7 million children were acutely malnourished, including more than 1,7 million severely malnourished. Every minute that passes is a minute too close to starvation and possible death of a child,” Kijala said.
May 18, 2022 12:44 UTC
Winger George North has returned to the Wales squad for the first time since a serious knee injury in April last year as coach Wayne Pivac named a 33-player selection on Wednesday for the three-match tour to South Africa in July. Flanker Dan Lydiate also spent almost 12 months on the sidelines with a knee problem but is back in the squad. "We’ve had some players come back from injury like George North so that’s exciting for the squad," Pivac said in a media release from Welsh Rugby on Wednesday. The squad will continue to be captained by flyhalf Dan Biggar, despite the presence of experienced lock Alun Wyn Jones. Dan did well in the Six Nations and Al has come back from a pretty big layoff," Pivac said.
May 18, 2022 12:23 UTC
Dan Biggar will remain as Wales captain for their summer tour of South AfricaWayne Pivac has named Alun Wyn Jones, Dan Lydiate and George North in his Wales squad for their three-Test tour of South Africa, live on Sky Sports, with Dan Biggar remaining as captain. There are also two uncapped players named in the squad as Cardiff back-row James Ratti and Leicester Tigers back-row Tommy Reffell are included. "We've had some players come back from injury like George North so that's exciting for the squad," Pivac said. Wayne Pivac says Wales' three-Test series vs South Africa will be a challengeOn the captaincy Pivac added: "Dan Bigger is named captain. Wales will face South Africa in the first Test at Loftus Versfeld in Pretoria on Saturday 2 July, live on Sky Sports.
May 18, 2022 12:17 UTC