Malaysia probes Data Leak of 46 Million Mobile Users
KUALA LUMPUR/SINGAPORE: Malaysia is investigating an alleged attempt to sell data of more than 46 million mobile phone subscribers online, in what appears to be one of the largest leaks [...]
Tata Power Commissions 30MW Solar Plant in India
Tata Power, India's largest integrated power company announced earlier this week (31 October, 2017) the commissioning of a 30MW solar power plant in Palaswade, developed by its wholly owned subsidiary, [...]Property Mogul Xu Jiayin now China's Richest Man
Real estate mogul Xu Jiayin, founder of China Evergrande, is now the country's richest man after his wealth skyrocketed by 272% to $43 billion, according to the latest Hurun China [...]Uber's Indian rival Ola raises $1.1 Billion in its latest funding
Press Release Bengaluru, 11 October, 2017: Ola, India’s most popular app for ridesharing, today, announced its latest round of funding of US$1.1 billion led by Tencent Holdings Limited (0700.HK). Ola’s [...]Idris Mohammed Appointed MD of Carlyle Group Sub-Saharan African fund team
Global alternative asset manager The Carlyle Group has announced that Idris Mohammed has been appointed Managing Director on Carlyle’s Sub-Saharan African Fund team (CSSAF), effective immediately. Mr. Mohammed has more [...]Former head of major Vietnamese bank sentenced to death for Fraud involving illegal loans
The former head of a major Vietnamese bank has been sentenced to death for his role in a fraud case involving millions of dollars of illegal loans. Nguyen Xuan Son, [...]North Korea claims successful hydrogen bomb test
North Korea’s state run TV broadcaster said that Pyongyang successfully tested a hydrogen bomb that can be mounted on a new intercontinental ballistic missile, Yonhap news agency has reported. The [...]eBay partners with MallForAfrica to sell African products in US
Americans can now buy African goods on eBay through the company’s partnership with MallforAfrica.com, according to Techcrunch. The products from select vendors in six African countries among them Nigeria, Kenya, [...]Largest oil refinery in US shuts down amid flooding
The largest crude oil refinery in the United States, Motiva Enterprises’ Port Arthur, Texas, plant was shut down on Wednesday due to immense flooding in the aftermath of Tropical Storm [...]Facebook takes on YouTube Netflix with Watch' Video Platform
Facebook has introduced ‘Watch’, a new video platform for original programming, pitting it against Netflix and YouTube. The programming will be available to view on mobile devices, desktop and laptops [...]South Korea court rules 5-year jail term for Samsung Vice Chairman Jay Y. Lee
A South Korean court has found Samsung Vice-Chairman and heir Jay Y. Lee guilty of bribery, embezzlement and perjury on Friday and was sentenced to five years in prison. Lee [...]Total acquires Maersk Oil for $7.45 billion
French oil giant Total has announced the acquisition of of Maersk Oil, a unit of Danish shipping giant A.P. Moller-Maersk, for US$7.45 billion (€6.35 billion). The company said the deal [...]
