JP Morgan Chase Bank Creates Own Cryptocurrency
US bank, J.P Morgan Chase has created its own crypocurrency called JPM Coin which runs on Bitcoin technology. The coin will help in instant settlement of payments between the bank [...]
Standard Chartered Bank Pleads Guilty to Manipulation of the Rand
Standard Chartered Bank has pleaded guilty to currency manipulation of the South African Rand between 2007 and 2013, the Competition Commission has confirmed. In a Press statement, the commission confirmed [...]Facebook to Integrate WhatsApp, Instagram and Facebook Messenger to Engage Users More in the Company’s Ecosystem
Facebook is planning to merge its essential messaging infrastructure of WhatsApp, Instagram and Facebook Messenger services, according to the New York Times. Once the plans are implemented for the first [...]
BitPesa's Founder Elected by WEF to Co-Chair the Global Blockchain Council
Elizabeth Rossiello, Chief Executive and founder of BitPesa, has been appointed by the World Economic Forum to be one of the two co-chairs of the Global Blockchain Council. The appointment [...]Google Invests $3.1Mn in Wikipedia
Google has boosted its investment in Wikipedia by donating $3.1 million to the free encyclopedia summing up its total donations to an excess of $7.5 million. While making the announcement [...]WhatsApp Limits Number of Times one can Forward a Message
WhatsApp has limited the number of times one can forward a message to only five chats at once in a bid to curb viral misinformation. The global messaging app, owned [...]China’s Economy Grew by 6.6 per cent in 2018; the Slowest in 28 Years
China’s economy grew by 6.6 per cent in 2018. This is the slowest pace ever experienced in 28 years, attributed to a weakening momentum in the fourth quarter due to [...]Elisabeth Moreno Appointed new MD for HP Inc Africa
Elisabeth Moreno has been appointed as the new managing director for HP Inc Africa, effective immediately. She replaces David Rozzio who has acquired a leadership position at the Central Europe [...]Jaguar Land Rover to Axe Thousands of its Staff
Jaguar Land Rover will axe about 4500 employees, as it tries to keep up with sales dip caused by multiple geopolitical and regulatory disruptions as well as technology challenges. The [...]Air France to Pull Plug on its Low Cost Airline Joon
Air France will discontinue operations of its low-cost airline Joon, after it failed to make profits since it was launched in 2017. Admittedly, the airline said that it had been [...]Major US Financial Firms to Launch a Rival Cheaper Bourse
Major financial firms in the United States are teaming up to launch a cheaper bourse that will compete with the New York Stock Exchange and Nasdaq. To be identified as [...]Jim Yong Kim Resigns as World Bank President
Jim Yong Kim has resigned as the World Bank President six years after holding the position. He will leave the office on February 2019, three years before his retirement scheduled [...]
