According to Insider Magazine, Amazon (NASDAQ: AMZN) is planning a massive international expansion next year. This will give the e-commerce giant a bigger presence in Africa -- and that's Jumia Technologies' (NYSE: JMIA) stomping ground. Read More...
Reuters
Big Oil set to open cash taps with another record quarter
Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices. A rapid recovery in demand following the end of pandemic lockdowns and a surge in energy prices, driven by Russia’s invasion of Ukraine, have boosted profits for companies such as Exxon Mobil and Shell after a two-year slump. Exxon earlier this month said it could post its strongest quarter yet, with profit potentially surpassing $16 billion, almost twice its first-quarter earnings.
