Twitter Queries Banks On Musk’s Attempts To Undermine $44 Bln Deal.
Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal;…
Category: Technology
Nissan’s Operational Profit Fell By 14% In The First Quarter.
Nissan Motor Co’s (7201.T) first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million); the Japanese carmaker said, citing surging raw…
Russia Fines Google $34 Mln For Breaching Competition Rules.
Russia’s competition watchdog fined Alphabet’s Google (GOOGL.O) 2 billion roubles ($34.2 million); for abusing its dominant position in the video hosting market,…
Amazon To Raise Prime Prices In Europe As Retailer Wrestles With Costs.
Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the…
3M To Spin Off Healthcare Business.
3M Co (MMM.N) said the industrial giant plans to spin off its healthcare business and will retain a stake of 19.9% in…
Tesla Raises Spending Plan, Discloses New Subpoena On Musk’s 2018 Tweet.
Tesla Inc (TSLA.O) has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing; that also…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech Millionaire.
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220 million) takeover offer from two private…
Poland To Buy Jets, Tanks And Howitzers From South Korea, Says Minister.
Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…
Telecom Italia Shares, Bonds Drop After Moody’s Credit Rating Cut.
Telecom Italia (TLIT.MI) shares and bonds fell after ratings agency Moody’s downgraded the phone group’s credit rating. Moody’s cut TIM’s…
AT&T Sees Higher Wireless Service Revenue As Subscribers Jump
AT&T Inc on Thursday raised its forecast for annual revenue growth at its wireless service business after reporting a jump…
Shopify Partners With YouTube To Shore Up Sales From Content Creators.
Shopify Inc announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as…
Netflix Soothes Wall Street Concerns With Customer Growth Forecast.
Netflix Inc (NFLX.O) averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop; from April through…
Tesla Profit Tops Target; Musk Sees No Demand Problem.
Tesla Inc (TSLA.O reported a smaller-than-expected drop in quarterly profit as a string of price increases; on its electric vehicles…
Verve Welcomes First Francophone Merchant Aggregator, Targets 40 New Operators
Africa’s payment technology Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay,…
Elon Musk’s Tesla Sells 75% Of Its Bitcoin Holdings
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement,…
Flutterwave Unveils Graduate-Trainee Program To Create Jobs For Young Nigerians
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Programme. This programme aims…
Another Twitter Hack Hits the NFT Community
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter accounts of NFT…
German Consumer Group Files Lawsuit Against Tesla Over Privacy Concerns, CO2 Ads.
Germany’s largest consumer protection group vzbv has filed a lawsuit against Tesla (TSLA.O) in a Berlin court; over alleged misleading…
Lawsuit Accuses Apple Of Antitrust Violations Over Apple Pay.
Apple Inc (AAPL.O) was sued in a proposed class action by payment card issuers accusing the iPhone maker; of abusing…
Russian Court Fines Google $360 Million Over Failure To Remove Ukraine War Content
A Moscow court has fined Google $360 Million for failing to remove content concerning Russia’s military intervention in Ukraine. Russia’s state…
Flutterwave Shuts Down Virtual Dollar Card Service
Fintech Flutterwave has announced plans to shut down its virtual dollar card service, known as ‘Bartercard’ effective from July 17th.…
Netflix Has Named Microsoft As Partner For Its Ad-Supported Service
Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. The “Stranger Things” streamer, which has been struggling…
CBN To Introduce USSD Code To Improve E-Naira
The Central Bank of Nigeria says it is set to introduce the USSD code as part of steps to improve the…
CBN Releases Guidelines For Digital Financial Service Awareness
The Central Bank of Nigeria has issued an exposure draft for the digital financial services awareness guidelines to address gaps…
Tesla Sold 78,000 China-Made Vehicles, Up 142%
U.S. electric vehicle maker Tesla Inc (TSLA.O) sold around 78,000 China-made vehicles; preliminary estimates published by the China Passenger Car…
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican…
Google To Pay $90 Mln To Settle Legal Fight With App Developers
Alphabet Inc’s Google has agreed to pay $90 million to settle a legal fight with app developers. Thi is over…
Chinese Tech Giants Vow To Stop NFT Secondary Trading.
Chinese tech giants including Tencent Holdings (0700.HK) and Ant Group have signed a pact to stop the secondary trading of…
GSMA Says Google, Facebook, Others Are Squeezing Telcos’ Revenue
The global body of mobile network operators, GSM Association (GSMA), has said that online service providers such as Google, Facebook…
Tesla Closes An Office As Layoff Hits Autopilot Jobs, Including Hourly Ones
Tesla (TSLA.O) has shuttered its office in San Mateo, California, and laid off roughly 200 employees. Especially those working on…