Self-Driving Taxis Hit Roads in China's Guangzhou City
WeRide, China's smart mobility company, has launched the pilot period of self-driving taxis in Guangzhou, capital of south China's Guangdong Province. During the launch, a number of L4-class autonomous driving [...]
Huawei Launches Cloud Service in Brazil
Huawei Technologies has launched its cloud service in Brazil, which is run through an artificial intelligence platform. With the technology upgrade, Huawei is now set to compete against technological giants [...]De La Rue Plc Shares Crash as Turnaround Fails to Succeed
De La Rue Plc shares dropped by as much as 24% on Tuesday after the company issued a warning that it would possibly collapse if a turn around plan does [...]Air India Resumes Flights to Nairobi
Air India has relaunched its flights to Nairobi, a move that seeks to boost tourism between the two countries. This comes after the airline's flight from Mumbai to Nairobi landed [...]Louis Vuitton to Acquire Tiffany at $16.2 Billion
Fashion house Louis Vuitton (LVMH) is in the process of acquiring Tiffany store at a cost of $16.2 billion. This makes it the biggest luxury brand acquisition ever. Therefore, the [...]France Includes Huawei in 5G Rollout
France has announced plans to include Huawei Technologies in its 5G equipment rollout. This comes after the country, through its Telecommunications Regulator, Arcep, began the sale of 5G spectrum. This [...]Alibaba Debuts in Hong Kong Stock Exchange
Alibaba has listed on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. Daniel Zhang, Alibaba's chairman expressed his gratefulness in Alibaba's return to Hong Kong. [...]German Development Bank Partners with Allianz Global to Offer $188 Million for African Ventures
The German development bank KfW has partnered with Allianz Global to launch a fund worth $188 million to help finance startups and SMEs. The fund, dubbed AfricaGrow, will finance 150 [...]Uber Loses Its London Operational License
Uber has lost its London operational license after Transport for London (TfL) refused to renew its two-month temporary license that had been issued in September. While denying Uber an operational [...]China's $2 Billion Deal with Ghana Lacks Transparency
The Chinese government recently funded a road construction project in Ghana. It is part of a $2 billion infrastructure deal that will give Beijing access to Ghana's reserves of Bauxite, [...]South-East Asia Payments Platform 2C2P Raises $52 Million in Funding
South-East Asia Payments Platform, 2C2P, has secured $52 million in funding. Investors who raised the funds include International Finance Corporation (IFC), Cento Ventures, and Arbor Ventures. According to the firm, [...]Bank of China Issues $4.27 Billion of Tier-2 Capital Bonds
The Bank of China has issued $4.27 billion of tier-2 capital bonds. This is the second batch it is issuing after the issuance of the first batch of capital bonds [...]
