Land Rover's New Version of 2020 Defender Unveiled
Land Rover has unveiled the new version of its Defender, which was scrapped off from the North America market in 1997 due to safety regulations. The new Defender boasts of [...]
LSE Board rejects the $37 billion takeover deal by Hong Kong Exchange
London Securities Exchange board has rejected the Hong Kong Exchange $37 Billion takeover deal. The surprise takeover deal proposition by the Hong Kong exchange came barely a month after the [...]Uber's expenses likely to spike after the passing of a Californian bill
The California State Senate has passed a bill that supports the classification of independent contractors as permanent employees. The Senate voted 29 to 11 in support of Assembly Bill 5, [...]Prosus listing makes it the biggest internet company in Europe
Today, Naspers listed its international internet assets through Prosus. A few hours after its listing, Prosus’s value rose to $105 billion, making it the largest European Consumer Tech Stock. It [...]China exempts 16 Categories of U.S. Products from Tariffs
China has announced the exemption from U.S tariffs of 16 categories of products, for a period of one year, with effect from 17th September 2019. The categories exempted from the [...]Uber sends home 435 workers in its second round of staff cuts.
Uber has laid off 435 staff in its product and engineering team. This new development follows an earlier staff cut of almost a third of its global marketing staff. The [...]Jack Ma resigns as Ali Baba's Chairman.
Ali Baba, one of the world's largest e-commerce companies, founder Mr. Jack Ma has resigned as its chairman. He will be replaced by Daniel Zhang, the company's chief executive and [...]Qatar Competition Authority blocks Uber and Careem Acquisition Deal
The Qatar Competition Authority has recently blocked the proposed $3.1 billion dollar acquisition of Careem by Uber. The acquisition was meant to solidify Uber's position as the leading ride-hailing company [...]British Airways pilots begin strike, over 1500 flights cancelled
British Airways has informed its customers not to turn up at airports as their pilots start a two-day strike. The strike, which is the biggest in the airlines history, has [...]Boeing 737 Max Grounding Extended to December by American Airlines
Boeing 737 Max’s grounding period has been extended from November 2nd to December 3rd 2019 by the American Airlines, bringing the grounding period to close to almost nine months. This [...]New Tariff Impositions as China and US Trade War Heightens
In the latest escalation of the Trade war between China and US, the two countries have imposed additional tariffs on each other’s goods, starting from Sunday, September 1st 2019. A [...]Japan competes with China for African investments.
Africa has seen increased attention from Japan, part of it owing to Tokyo's interest to counter China. This includes investment in the continent's development, loans, infrastructure projects, and scholarships. Furthermore, [...]
