GM plan to dethrone Tesla in electric car sales by 2025
General Motors will invest roughly $6.6 billion in its home state of Michigan over the next several years. The new…
Category: Technology
Facebook’s Cryptocurrency Venture To Wind Down And Sell Tech Asset
Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for…
Apple Smartphone Market Hit High Record In 2021 Q4
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the…
Even And One To Be Acquired By Walmart Backed Startup
A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims…
Baidu’s Electric Vehicle Arm Jidu Raises $400 Mln In New Funding Round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and…
SKC Consortium Invests $80 Million In UK Anode Startup Nexeon
A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon…
Toshiba Begins Partial Production In Quake Hit Plant
Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was…
Swedish “Buy Now Pay Later” Fintech Firm To Launch Physical Card
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The…
LG Q4 Profit Drops By 30 Per Cent
South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit…
Three U.S. states, D.C. sue Google over location-tracking
Texas, Indiana, Washington State sued Google on Monday over deceptive location-tracking practices that invade users’ privacy. Google spokesperson Jose Castaneda…
Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent…
Boulben Withdraws From Race To Head French Telecom Firm
Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the…
Crypto Market Loses $356bn In 24 Hours — And $1 Trillion In Two Months
The value of the cryptocurrency market stood at $1.61 trillion on Saturday, representing 11.8 percent decline over the last day,…
Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers
The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to…
Toshiba Halts Operations At Chip Plant After Quake
Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors…
China Regulator Calls To Protect Minors Against Pornography
China’s State Administration for Market Regulation has called to strengthen protection of minors against food products containing hints of pornography…
CBN Place Telecommunication Sector On Forex Priority List
The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank…
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing…
Nigeria: Federal Inland Revenue Service To Prioritize Taxation Of Digital Economy
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year.…
Indonesia Non-Government Islamic Organizations Issue Warning Against Crypto Use
The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued…
International Airlines Cancel Flights To US Over 5G
It’s strange that 5G will cause interference, says telcos International airlines are beginning to cancel scheduled flights to most cities…
WeTransfer Owner WeRock Seeks $714-813 Million Valuation In IPO
The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros ($714-813…
Amazon Set To Open It’s First Apparel Store
The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this…
Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of its…
OpenSea Monthly Trading Volume Exceeds $3.5 Billion
The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion…
Ford Signs Five-Year Payments Deal With Stripe
Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering…
China Delivery “Starbucks” Partners With Meituan Tie-Up
Starbucks said on Tuesday it has entered into a partnership with China’s Meituan that will allow its Chinese customers to…
UK Self-Driving Startup Wayve Raises $200 Mln From Investors
British self-driving technology startup Wayve said on Tuesday it has raised $200 million from investors to scale up its autonomous…