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Month: March 2022

Women Break Barriers to Find Success in Real Estate in Kenya

03/08/2022 Ranbiz

Like in much of Africa, women in Kenya own only a small fraction of property, and less than 14% of Kenya’s real estate brokers are women. For VOA, Juma Majanga…

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Invasion of Ukraine Prompts Exodus of Western Companies from Russia

03/08/2022 Ranbiz

A growing number of Western businesses are either halting operations in Russia or exiting altogether over that country’s military incursion of neighboring Ukraine. The major hit to Russia’s economy will…

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What Happens in Kenya When Modernization Clashes With Nature? 

03/08/2022 Ranbiz

The tension between nature and modern development is being played out in Kenya. Along Nairobi Expressway’s construction site, workers can be seen wrapping marigolds and other greenery onto industrial beams,…

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Biggest Stock Slide on Wall Street in 16 Months as Oil Surges

03/08/2022 Ranbiz

Wall Street had its biggest drop in more than a year Monday as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.  The S&P 500…

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As Hershey Raises Prices, Ivory Coast Cocoa Farmers Grapple With Climate Change

03/08/2022 Ranbiz

Chocolate makers are expected to raise prices this year due to higher costs of cocoa from exporters like Ivory Coast, the world’s largest cocoa producer. Hershey, the largest producer of…

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US Delegation Travels to Venezuela to Explore Easing Sanctions

03/08/2022 Ranbiz

A delegation of senior U.S. officials visited Venezuela Saturday for talks with members of President Nicolas Maduro’s government to explore the possibility of easing U.S. sanctions against the major oil…

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Libya Oil Production Falls After 2 Crucial Fields Shut Down

03/06/2022 Ranbiz

Libya’s national oil company said Sunday that an armed group has shut down two crucial oil fields, causing the country’s daily production of oil to drop by 330,000 barrels. The…

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Sanctioning Russia Curtails North Korea’s Hard Currency Intake

03/06/2022 Ranbiz

As international sanctions on Moscow have triggered a decrease in the ruble’s value, North Korean workers in Russia are struggling to meet the remittance quotas set by Pyongyang, according to…

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Mastercard, Visa Suspend Operations in Russia After Invasion

03/06/2022 Ranbiz

Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine. Mastercard said cards…

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To Fight Its War, Russia Closing Digital Doors

03/05/2022 RanIT

Russia’s blocking of Facebook is a symptom of its broader effort to cut itself off from sources of information that could imperil its internationally condemned invasion of Ukraine, experts say.…

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Ukraine Digital Army Brews Cyberattacks, Intel and Infowar

03/05/2022 RanIT

Formed in a fury to counter Russia’s blitzkrieg attack, Ukraine’s hundreds-strong volunteer “hacker” corps is much more than a paramilitary cyberattack force in Europe’s first major war of the internet…

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Tech Firms Move Fast, Create Restrictions Within Ukraine-Russia Conflict

03/05/2022 RanIT

The Russian war on Ukraine is also happening online, as people share images from around Ukraine. Caught in the middle are U.S. technology firms, which have taken steps to curtail…

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Nigeria to Supply Equatorial Guinea With Natural Gas 

03/05/2022 Ranbiz

Nigeria has agreed to supply natural gas to Equatorial Guinea at Nigeria’s International Energy Summit in Abuja. African energy experts are urging quick implementation of the gas deal amid high…

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US Added 678,000 Jobs in February in Sign of Economic Health

03/04/2022 Ranbiz

Hiring by U.S. businesses picked up last month as the omicron variant of the coronavirus faded and more Americans started to dine out, shop and stay in hotels, despite climbing…

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Argentina Signs $45 Billion IMF Deal to Help Restructure Debt

03/04/2022 Ranbiz

Argentina has signed a $45 billion agreement with the International Monetary Fund (IMF) to help restructure and delay its debt payments. Negotiations about revamping the country’s debt payments have taken…

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Microsoft Suspends Sales, Services in Russia Over Ukraine Invasion

03/04/2022 RanIT

Software giant Microsoft announced Friday that it is suspending “all new sales of Microsoft products and services in Russia” over that country’s invasion of Ukraine. “Like the rest of the…

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Ukraine Conflict Disrupts Global Energy Markets

03/04/2022 Ranbiz

The ongoing conflict between Russia and Ukraine has left global oil and gas markets in the uncertain and unstable, causing supply issues and price spikes, with oil reaching levels of…

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Western Sanctions Push Russia Back to Soviet-Type Market

03/03/2022 Ranbiz

It’s unclear if Russian President Vladimir Putin expected the sanctions that followed his invasion of Ukraine. But their severity could have far-reaching economic consequences for Russia. Oksana Bedratenko has the…

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Fewer Americans Apply for Jobless Benefits Last Week

03/03/2022 Ranbiz

Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. Jobless claims fell by 18,000 to 215,000 for the week ending February 26,…

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Eight US States Investigate TikTok’s Impact on Children 

03/02/2022 RanIT

A consortium of U.S. states announced on Wednesday a joint investigation into TikTok’s possible harm to young users of the platform, which has boomed in popularity, especially among children.  Officials…

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European Markets Make Gains Amid Worsening Ukraine Crisis   

03/02/2022 Ranbiz

European markets are rising Wednesday as Russia launched a more intense phase of its invasion of Ukraine.  The FTSE index in London is up 0.9% at midday, with Paris’s CAC…

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Apple, Ford, Other Big US Brands Join Corporations Shunning Russia 

03/02/2022 RanIT

Some of America’s best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying…

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Could Russia Get Around Sanctions with Cryptocurrency?

03/01/2022 Ranbiz

Cryptocurrency purchases in rubles are at a record high following Russia’s invasion of Ukraine, raising questions about whether the likes of bitcoin can help Moscow get around sanctions.  Why is…

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Do Sanctions Work?

03/01/2022 Ranbiz

From Afghanistan to Cuba, more than 20 countries around the world are under U.S. economic, financial and political sanctions that, according to some experts, are unprecedented in severity and scope. …

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Technology Helps Forecasters Predict Avalanche Dangers

03/01/2022 RanIT

Avalanche forecasters use a slew of technology to predict avalanche risk and help lovers of backcountry winter sports to be prepared. From Boulder Colorado, Shelley Schlender reports. Video editors –…

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31 Countries to Release 60 Million Barrels of Oil to Stabilize Market

03/01/2022 Ranbiz

The 31 members of the International Energy Agency said Tuesday they’d release 60 million barrels of oil from their strategic reserves to bolster the world’s oil markets in the wake…

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