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We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

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    • Business

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

    Forint leads FX gains.

    Forint leads FX gains.

    The Hungarian forint hit a two-week high on Thursday, leading Central European currency gains, boosted by the central bank saying it could raise the 0.9% rate on its new one-week deposit tool if market conditions justified it. By 0950 GMT, the forint firmed 0.9% to as high as 354.0 to the euro, followed by the Czech crown with a 0.4% gain to 26.880, past the psychological level of 27 per euro as markets got a boost from hopes the coronavirus outbreak was nearing its peak.--- Support this podcast: https://anchor.fm/newscast-africa/support

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    This episode is sponsored by
    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

    · Earn Your Leisure Podcast: The Earn Your Leisure podcast hosted by Rashad Bilal and Troy Millings examines the latest trends in finance. https://open.spotify.com/show/2S4tSSlT71Z5i8Dt1vlDJc?si=WXJ0JwJHRhK80AjmpeeOWg

    • 3 min
    Prague aims to get a grip on Airbnb with coronavirus crisis laws

    Prague aims to get a grip on Airbnb with coronavirus crisis laws

    Officials in Prague are using the coronavirus crisis to get a firmer grip on short-term rentals like Airbnb, which they say have squeezed locals out of the Czech capital’s centre.The Czech parliament’s lower chamber fast-tracked a plan allowing local authority to better collect tax and other information on short-term lets.Tourists crowding Prague’s cobblestone streets and historic squares, often to take advantage of its cheap beer and late-night party scene, have put pressure on local services.--- Support this podcast: https://anchor.fm/newscast-africa/support

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    This episode is sponsored by
    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

    · Earn Your Leisure Podcast: The Earn Your Leisure podcast hosted by Rashad Bilal and Troy Millings examines the latest trends in finance. https://open.spotify.com/show/2S4tSSlT71Z5i8Dt1vlDJc?si=WXJ0JwJHRhK80AjmpeeOWg

    • 2 min
    Google to pay French news and publishing firms for plagiarism

    Google to pay French news and publishing firms for plagiarism

    France's competition authority issued a ruling on Thursday that Google (NASDAQ:GOOGL) would have to pay up to French publishing companies and news agencies for re-using their content.The ruling by the French 'Autorite de la Concurrence' body followed an earlier complaint by several unions representing French press publishers regarding Google's practices.--- Support this podcast: https://anchor.fm/newscast-africa/support

    ---

    This episode is sponsored by
    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

    · Earn Your Leisure Podcast: The Earn Your Leisure podcast hosted by Rashad Bilal and Troy Millings examines the latest trends in finance. https://open.spotify.com/show/2S4tSSlT71Z5i8Dt1vlDJc?si=WXJ0JwJHRhK80AjmpeeOWg

    • 2 min
    U.S. Senate tells members to avoid Zoom over data security concerns

    U.S. Senate tells members to avoid Zoom over data security concerns

    The U.S. Senate has told its members to not use Zoom's video conferencing app due to data security concerns, the Financial Times reported on Thursday, even as the company attempts to stem a global backlash against its fast-growing app.Senators have been asked to find an alternative platform to use for remote working, adding that the Senate had stopped short of officially banning Zoom Video Communications Inc's service.The use of Zoom has soared after political parties, corporate offices, schools, organizations and millions across the world started working from home after lockdowns were enforced to slow the spread of the coronavirus.--- Support this podcast: https://anchor.fm/newscast-africa/support

    ---

    This episode is sponsored by
    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

    · Earn Your Leisure Podcast: The Earn Your Leisure podcast hosted by Rashad Bilal and Troy Millings examines the latest trends in finance. https://open.spotify.com/show/2S4tSSlT71Z5i8Dt1vlDJc?si=WXJ0JwJHRhK80AjmpeeOWg

    • 2 min
    European companies ditch dividends to save cash

    European companies ditch dividends to save cash

    European companies are ditching dividends to maintain cash and comply with regulations in response to the financial havoc caused by the spread of the new coronavirus.More than 80 of the top 600 listed companies in Europe cut or scrapped dividends between Feb. 24 and April 8, a Reuters analysis found. Among the latest to suspend dividends were French aerospace and defence supplier Thales (PA:TCFP) and Swedish metal-cutting tools and mining gear maker Sandvik (ST:SAND) on Tuesday. UK-listed companies could cancel about $60 billion in dividends this year, according to a report by analytics company Link Group.--- Support this podcast: https://anchor.fm/newscast-africa/support

    ---

    This episode is sponsored by
    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

    · Earn Your Leisure Podcast: The Earn Your Leisure podcast hosted by Rashad Bilal and Troy Millings examines the latest trends in finance. https://open.spotify.com/show/2S4tSSlT71Z5i8Dt1vlDJc?si=WXJ0JwJHRhK80AjmpeeOWg

    • 3 min
    UBS and Credit Suisse to regulator pressure on dividends

    UBS and Credit Suisse to regulator pressure on dividends

    Swiss banks UBS (UBSG.S) and Credit Suisse (CSGN.S) will postpone paying out part of their 2019 dividends until later this year after mounting pressure from authorities over lenders’ payouts during the coronavirus epidemic.The move follows bank dividend cancellations or postponements across much of Europe in order to assist the economy.The two banks were the remaining major European lenders to resist requests to change their dividend policy. But they stopped short of steps taken by British and euro zone banks who have either suspended or canceled all their 2019 payouts.--- Support this podcast: https://anchor.fm/newscast-africa/support

    • 1 min

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