Trump Ally Says Social Media Site Coming in Three to Four Months

Trump Ally Says Social Media Site Coming in Three to Four Months

NEW YORK (Capital Markets in Africa) — Donald Trump’s planned social media platform “will debut in three to four months,” the former president’s one-time campaign manager and senior adviser said. “We’re going to have a platform where the president’s message of America First is going to be able to be put out to everybody,” Corey Lewandowski said on the conservative Newsmax TV network’s “Saturday Agenda.” “There’ll be an opportunity for other people to weigh in…

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Stuck Ship Is Refloated and Maneuvers Continue: Suez Update

Stuck Ship Is Refloated and Maneuvers Continue: Suez Update

CAIRO (Capital Markets in Africa) — The container ship stuck in the Suez Canal has been refloated, and its position moved about 80%, but maneuvers will continue this morning around high tide, the Canal Authority said. It’s the first step to clearing the blockage in one of the world’s most important trade arteries. “Today we will start our plan for all the ships to cross the canal, and it could take around one week to…

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Value Investing: Capitulation or Opportunity?

Value Investing: Capitulation or Opportunity?

LAGOS (Capital Markets in Africa) – Value stocks trade at prices below their fundamental value. If prices of stocks converge towards their fundamental values then it is natural to expect value stocks to outperform their more expensive peers, at least on average. This outperformance is known as the value premium. Value stocks have severely underperformed in recent years, leading many investors to question the relevance of value investing or even to contemplate its demise. However,…

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Bond market riot: Rates are rising but is it sustainable?

Bond market riot: Rates are rising but is it sustainable?

LONDON (Capital Markets in Africa) – The new year has awoken the bond market from its slumber. What began as a gradual climb in nominal yields from the summer accelerated in February with the yield on the US 10-year Treasury note briefly topping 1.6%, and significant moves higher globally including in Australia and the UK. Moves of this speed are rare, so Janus Henderson dedicated an ISG meeting to ask why global yield curves have…

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U.K. Eyes Property Taxes, Business Reporting in New Rollout

U.K. Eyes Property Taxes, Business Reporting in New Rollout

LONDON (Capital Markets in Africa) — The U.K is calling for new business tax reporting requirements and changes to how rental properties are taxed among dozens of new proposals announced on Tuesday. The proposals, through a series of consultations and policy papers released during the government’s so-called tax day, comes more than two weeks after Chancellor of the Exchequer Rishi Sunak announced plans to raise corporate taxes as part of the government’s spring budget. Among the new…

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Astra’s Pain Grows as U.S. Questions Beleaguered Vaccine

Astra’s Pain Grows as U.S. Questions Beleaguered Vaccine

LONDON (Capital Markets in Africa) — After enduring months of public criticism, AstraZeneca Plcfinally caught a moment of reprieve for its Covid-19 vaccine this week when U.S. trial data showed the shot to be highly effective, working well in the elderly, and raising no safety concerns. The good news lasted less than a day. A group of experts meant to work hand in hand with the drugmaker on its trial safety contacted U.S. government agencies…

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Democrats Step Back on Vow to Bar Biden Nominees Over Diversity

Democrats Step Back on Vow to Bar Biden Nominees Over Diversity

LAGOS (Capital Markets in Africa) — Two Democratic senators backed off a threat to vote against all of Joe Biden nominees who are White and heterosexual after they received assurances that his administration would bolster its efforts to select Asian-American or Pacific Islander candidates. Tammy Duckworth of Illinois was joined in the initial pledge by Senator Mazie Hirono, a Hawaii Democrat. The loss of their votes could jeopardize the confirmation of Biden nominees in an evenly divided…

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