Facebook Acquires Kustomer for $1 Billion
Facebook has acquired Kustomer, an omnichannel Software-as-a-Service (SaaS) CRM platform specializing in customer service. The acquisition will cost Facebook $1 billion. The acquisition seeks to build out the services Facebook provides [...]
Qatar Airways Marks 15 Years of Flights from Nairobi
Qatar Airways is one of the few global airlines that never stopped flying during the crisis. Since the beginning of the pandemic, its network never fell below 30 destinations and [...]World Bank Raises a Red Flag over Kenya's Bulging Public Debt
The World Bank has warned that Kenya's rising public debt could reach distress levels, urging the Government to seek debt relief from external lending institutions and development partners. The multilateral [...]
U.K. to Spend $333 Million to Replace Huawei's 5G
The U.K. has announced that it will spend$333 million(250 million pounds) to replace its 5G wireless equipment sources, after banning China’s Huawei Technologies Co. from supplying the next-generation technology. According [...]IBM Announces 10,000 Job Cuts in Europe
International Business Machines Corp. (IBM) has announced about 10,000 job cuts in Europe, a move that seeks to lower costs at its slow-growth services unit and prepare the business for [...]Bitcoin Could Shoot to $300,000 Mark by December 2021: Citibank MD
Citibank analyst has suggested the Bitcoin could pass $300,000 by December 2021 saying the cryptocurrency is in the same trajectory as the 1970s Gold market. Thomas Fitzpatrick, Citibank Managing Director, [...]
Norwegian Air Files for Bankruptcy
Norwegian Air has filed for examinership in Ireland (where its aircraft assets are held), as it seeks protection from its creditors in an attempt to restructure its business and survive [...]Global Markets News Brief
US stock market The United States stock markets closed higher on Thursday's session following news that the country's senate had agreed to restart negotiations on the fourth instalment of the [...]EasyJet Posts First Annual Loss in 25 Years; £1.27 Billion
Europe’s second-biggest low-cost airline, EasyJet has posted its first annual loss of £1.27 billion for the year ended 30th September 2020 occasioned by travel restrictions worldwide in a bid to [...]Air France-KLM Seeks $7 Billion Cash Raise
Air France-KLM has announced plans to seek an additional $7.1 billion cash raise from its two government shareholders and other investors, as it struggles to rise from the ashes of [...]What You Need to Know About the Crypto Lending System
If you have clicked on the link to this article, there is a high possibility that you are a crypto investor, or you are someone who follows the crypto industry [...]Volkswagen to Invest $86 Billion in Electric Cars
Volkswagen has announced plans to invest$86 billionin the building of electric cars, by converting the German factories in Emden and Hanover to develop zero-emission and self-driving cars. The Volkswagen factory [...]
