Uber fined $20M for misleading drivers about potential earnings
Uber has agreed to pay $20 million in a settlement with the US Federal Trade Commission (FTC) after it was found that the ride-sharing company made exaggerated claims about how [...]
Emerging Markets PE firm Abraaj Group interested in Barclays Africa
Emerging markets focused Private Equity firm, Abraaj Group, has expressed interest in acquiring Barclays Group African business, Chief Executive Officer Arif Naqvi was on Tuesday quoted by Bloomberg. “It’s a very fine [...]Asia's oldest stock exchange BSE To raise $182 million in IPO
Indian stock exchange BSE Ltd's initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million) for its investors, based on the indicative [...]Eastern EU has few migrants to bolster population sag
A double whammy' of emigration and unfavourable death and birth rates is depopulating eastern EU member states. The trend in several Central and Eastern European (CEE) countries for the death [...]BlackRock Inc. hires Buzzfeed Executive to lead global marketing
The World's largest Asset Management firm, BlackRock Inc. has hired a new global chief marketing officer from digital media company BuzzFeed as it works to bolster its business from individual investors. [...]Delta Air net profit falls 37 percent
Delta Air Lines on Thursday reported a 37 percent decline in fourth-quarter net profit and forecast passenger unit revenue, a closely watched metric, to be flat to up 2 percent in [...]Yahoo Says Its Not changing name to Altaba
Yahoo has announced that it will not be changing its name to Altaba, Yahoo Finance has dismissed the misleading information. The company which will change its name to Altaba is a company formerly [...]Tullow Oil CEO and founder to step down in April
Tullow Oil's long-serving CEO and founder Aidan Heavey is to step down in April and retire within two years, the company said on Wednesday as it announced lower than expected [...]Airbus delivered a record 688 commercial planes globally in 2016
European plane maker Airbus has logged a new delivery record for its commercial aircraft segment – not enough, though, to beat US rival Boeing. Airbus’ commercial aircraft deliveries in 2016 were [...]Cisco Projects Middle East and Africa Cloud Data Center Traffic to Grow 440% by 2020
In Middle East and Africa, cloud data center traffic will grow 4.4-fold by 2020 to reach 304 Exabytes per year, at a CAGR of 34% from 2015 to 2020 according [...]Kenya among 10 markets expected to deliver superior returns in 5 Years, Credit Suisse
Credit Suisse, the Swiss financial services company in its latest frontier research note has picked Kenya among the ten countries that are expected to deliver superior investment growth compared to emerging markets over the [...]TRUMP BEATS ODDS TO BECOME 45TH U.S. PRESIDENT
Republican business mogul-turned politician Donald Trump managed to shock pollsters in the U.S. presidential election and secure his victory to become the 45th President of the United States. Democrat Hillary [...]
