Warren Buffet's Berkshire Exits Chinese EV Maker BYD, Turning $230M Bet Into US$ 9Bn Gain
Berkshire Hathaway has sold its remaining stake in Chinese EV and battery maker BYD, closing a 17-year investment that started with a $230 million bet in 2008. For real time [...]
US Under Fire During UN's Unstoppable Africa Summit for Failing Africa
During the ongoing Unstoppable Africa 2025 summit taking place in New York City, on the sidelines of the 80th UN General Assembly, numerous high-profile speakers said the US' foreign policy [...]
Nvidia’s US$ 5Bn Stake Gives Rival Intel Fresh Lifeline
Nvidia, the world’s most valuable company, has agreed to invest $5 billion in Intel, buying a ~4% stake at US$ 23.28 per share. Nvidia has not committed to manufacturing GPUs [...]China Bans Nvidia Chip Purchases, Deepening US-China Tech Rift
China's internet regulator has ordered its biggest tech companies to stop buying Nvidia's artificial intelligence chips, tightening the screws on the American chipmaker and adding another layer to the U.S.-China [...]
Oracle-Led Consortium to Acquire TikTok in the US
A consortium of investors led by tech giant Oracle, venture capital firm Andreessen Horowitz and private equity firm Silver Lake is set to control Tiktok in the United States, as [...]
Albania Names AI Minister to Tackle Corruption in Public Tenders
Albania has appointed the world's first artificial intelligence minister to oversee public procurement, in a bold move that Prime Minister Edi Rama says will eliminate corruption and speed up government [...]Weak U.S. Treasury Demand Sparks Global Market Questions
The U.S. Treasury’s August 5th auction of 3-year notes aimed to raise US $58 billion, and received competitive bids of US$ 146.3 billion.Bitcoin Surges Past US$122,000 as Institutions Stock Up Ahead of Key U.S. Crypto Legislation
Bitcoin traded to an all-time high of over US$122,000 on Monday, lifted by a wave of institutional buying and growing investor optimism ahead of a pivotal “Crypto Week” in Washington. [...]Diaspora Baby Boom: Kenyan Births Abroad Hit New Highs
The number of registered births of Kenyans occurring outside the country rose significantly in 2024, with the USA (28.9%), the UK (18.9%), and the UAE (6.3%) contributing the highest numbers. [...]Rwanda, DRC Commit to Joint Economic Future in Breakthrough Pact
Rwanda and the Democratic Republic of Congo (DRC) have committed to launch a Regional Economic Integration Framework, building on existing structures such as AfCFTA, COMESA, and the EAC, within three [...]WhatsApp Introduces Ads, Channel Subscriptions
Popular messaging platform WhatsApp is set to start showing its users advertisements on its Status feature, in addition to several other changes meant to boost the platform's revenues. These new [...]G7 Leaders Reaffirm Support for Middle East Peace, Highlight Concerns Over Iran
Leaders of the Group of Seven (G7) nations have issued a joint statement reiterating their commitment to peace and stability in the Middle East, while underscoring support for Israel’s security [...]
