Twitter Picks Ghana as HQ for Africa Operations
Social Media giant, Twitter, yesterday announced that it is establishing its presence in Africa by opening its first office in the continent in Ghana. Twitter CEO Jack Dorsey announced the [...]
Air France-KLM to Receive $4.7 Billion from French Gov’t
The French government has announced plans to contribute to a $4.7 billion recapitalisation of Air France-KLM, increasing its stake from the current14.3%to nearly 30%. This will make the government Air [...]
US Stock Market Continues To Set New Record Highs
Wall Street The US stock market closed higher at the end of the week with the Dow Jones and SP 500 hitting new all-time high records during Friday's session. Decent [...]
Toshiba Receives $20 Billion Buyout Offer from CVC Capital Partners
Japanese electronics giant, Toshiba, has received a buyout offer from CVC Capital Partners, a British private equity fund. The deal is estimated to be worth$20 billion. If successful, the offer [...]Plaid Raises $425 Million in Series D Funding
Fin-tech company, Plaid has raised $425 million in its Series D funding round, bringing the company's valuation to $13.4 billion. Investors who took part in the funding include Altimeter Capital, [...]Payments Platform, Stripe, Launches in the Middle East
Online payments platform, Stripe, has officially launched its first entry into the Middle East, opening an office in the United Arab Emirates, in Dubai Internet City. Henceforth, businesses operating online [...]Coinbase Reports $1.8B Q1 Revenue, Ahead of its April 14 Direct Listing
Coinbase reported its preliminary results for 2021 Q1 on April 6, recording revenues of approximate $1.8 billion, up from approximately $190.6 million in the same period last year. In the [...]French Govt to Doubles its Stake in Air France Following Approval of a $4.7 B Recapitalization Plan
Air France announced plans to strengthen the Group's capital which will see the French government contribute 4 billion euros ($4.7 billion) to help the pandemic stricken airline cope with its [...]Virus-free New Zealand Raises the Minimum Wage to $20 an hour
New Zealand has raised the minimum wage to $20 an hour and upped taxation on the wealthiest Kiwis after recording nil Covid-19 infections. The country has not seen any community [...]
LG to Officially Wind Down its Global Mobile Phone Business by July 31
LG Electronics has announced that it is exiting its mobile phone business, a strategic decision approved by its board earlier. The company will now focus on growth areas like electric [...]Kenya, in terse response, slaps Restrictions on UK Visitors
The Government has responded to the UK's unilateral restrictions of travel from Kenya by requiring that all passengers from British airports go through mandatory 14-day isolation. This is to be [...]Global Markets; SP 500 Hits Record High, Coinbase IPO, OPEC+ Meeting, NFP data, Tesla News
The US stock markets ended the week on Thursday before the Good Friday holiday with gains as SP 500 hit a newrecord-highlevel and passed the 4,000 points mark. The Dow [...]
