China plans to ban crypto mining
China has hinted on plans to ban cryptocurrency mining following a recommendation by a government‘s state agency. The National Development and Reform Commission or NDRC listed crypto mining as some [...]
Standard Chartered Bank fined £102.2 million by UK regulator
Standard Chartered Bank, the parent company to the Kenyan bank, has been fined £102.2 million (~KSh13.5 billion) by the Financial Conduct Authority (FCA) for lacking proper controls against money laundering [...]
World Bank picks new President
David Malpass is the new World Bank President. He was unanimously appointed to the top position by the bank’s board of directors. Notably, he was also Trump’s pick for the [...]PayPal to cut links with Essay writing companies
PayPal, the international money transfer company has vowed to withdraw its services from companies involved in academic cheating. The announcement came after UK’s Education Secretary Mr. Damian Hinds urged PayPal [...]Lyft now valued at $24 Billion
Lyft, Inc. has announced the pricing of its initial public offering for $72.00 per share and is offering 32,500,000 shares of its Class A common stock and another 4,875,000 shares [...]Uber to Acquire Rival Firm Careem For $3.1 Bn
Ride-hailing firm Uber and its middle East rival Careem have entered into a partnership that will see Uber acquire the latter for $3.1 billion, a transaction consisting of $1.7 billion [...]Africa’s largest company, Naspers, lists in Europe
The largest company in Africa, Naspers, has listed part of its holding in the Dutch Stock Exchange – Euronext. The South African firm involved in internet services, entertainment, media, and [...]Pinterest Files for an IPO
Pinterest, on Friday filed its paperwork with the US Securities and Exchange Commission for an Initial Public Offering (IPO), seeking to be listed on the New York Stock Exchange under [...]Lyft's IPO Already Oversubscribed
Lyft’s Initial Public Offerings has already been oversubscribed and is likely to surpass its target of $23 billion; this is according to Reuters. The ride-hailing firm started its IPO roadshow [...]Boeing executives face pressure from US lawmakers
Top officials at world’s largest aircraft manufacturer –Boeing – are expected to appear before the US Senate committee on aviation and space to answer queries about the two Boeing jets [...]Shenzen Transsion Holdings Applies to Raise Money Through IPO
China's mobile phone manufacturer Shenzen Transsion Holdings, which sells through its brands Infinix, Techno and Itel, has applied to raise capital on Shanghai’s tech board through an initial public offering. The firm’s [...]Boeing Grounds Entire Global Fleet of Max 737 8s and 9s
Boeing has grounded the entire fleet of 737 MAX 8s and 9s following the recent Ethiopian airlines crash which killed all 157 aboard. This decision by Boeing came just moments [...]
