Fayemi backs El-Rufai’s threat to sack Kaduna striking teachers, says competency test remains APC policy

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Minister of Mines and Steel Development, Dr Kayode Fayemi may have thrown his weight behind the threat by the Kaduna State Governor, Malam Nasir El-Rufai to sack teachers that joined the ongoing strike in the State. He also reiterated that teac ...Powered by WPeMatico

Investment banks’ cull of company analysts brings dangers

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THEY are not extinct, nor even on the endangered-species list. But company analysts, once among the most prestigious professionals in the stockmarket, are being culled. New European rules, with the catchy name of MiFID2, have just dealt analysts another blow. A study by Greenwich Associates estimates that the research budget may drop by 20% this year.In their heyday in the late 1980s and early 1990s, analysts could make and break corporate reputations. A “buy” or “sell” recommendation from the leading two or three analysts in an industry could move a share price substantially. Fund managers, and many financial journalists, relied on analysts to spot those companies that were on a rising trajectory, and those where the accounts revealed signs of imminent trouble. And the best analysts were

Supersonic jets may be about to make a comeback

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IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger travel would be supersonic. But since the retirement of Concorde there have been no passenger jets that can fly that fast in service. Worse still, even conventional sub-sonic jetliners these days fly slower than their equivalents from the 1960s.In 2017 the race to break the sound barrier gained new momentum. In December Aerion, an aerospace start-up from Nevada, Lockheed Martin, a defence giant, and GE Aviation, an enginemaker, announced a joint venture to d...