TikTok Is Laying Off Employees In India As Ban Becomes Permanent
TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a monthslong ban on the app in the…
Everything You Need To Know About Bitcoin
After years of skepticism, bitcoin is finally gaining mainstream credibility. This week alone, Tesla (TSLA) said it will soon accept bitcoin as payment for its vehicles, and disclosed it had…
Daimler Recalls 1.29 Million U.S. Vehicles For Software Issue
Daimler AG’s U.S. unit Mercedes-Benz USA said Saturday it is recalling 1.29 million vehicles sold since 2016 because software may fail to communicate correct vehicle location in the event of…
Tesla To Set Up Electric Car Manufacturing Unit In Southern India
Billionaire Elon Musk’s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. “The…
Volkswagen CEO Diess ‘Not Afraid’ Of An Apple Electric Car
Germany’s Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker’s battery technology, its chief executive Herbert Diess said. Reuters reported in…
Mastercard Brings Crypto Onto Its Network
Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital assets are becoming a more important part of the payments…
Hyundai Is Working On A Driverless Car That Can Also Turn Into A ‘Walking Machine’
The Hyundai Motor Group has released details of a concept vehicle designed to function as both a four-wheel-drive car and a “four-legged walking machine,” in the latest example of how…
US Bank, BNY Mellon, To Accept Bitcoin, Other Cryptocurrencies
Bitcoin and other cryptocurrencies took another leap towards the financial mainstream Thursday when Wall Street player BNY Mellon announced plans to accept digital currencies. BNY Mellon, which is known as…
Diagnosing Common Issues With Your Mac
Mac users tend to pride themselves based on their chosen platform. While there is a lot to be said about the different versions of macOS, it’s still susceptible to disk…
United Nigeria Airline Conducts Inaugural Flight On Friday
A new entrant into Nigeria’s scheduled domestic air operations, United Nigeria Airline, will conduct its inaugural flight on Friday, Feb. 12. The Head of Corporate Communications of United Nigeria Airline,…
White House Launches Clean Energy Effort, $100 Million In Technology Funding
The Biden administration on Thursday announced the U.S. Department of Energy will offer $100 million in funding to support low-carbon energy technologies and create a working group to aid their…
Ad Software Company Viant Valued at $2.5 Billion In Nasdaq Debut
Shares of Viant Technology Inc jumped 76% in their market debut on Wednesday, giving the advertising software company a market capitalization of $2.53 billion. Viant’s shares opened at $44, well…
Ecobank Of Nigeria Allows Money Transfer Through SMS, WhatsApp
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new features available on the bank’s mobile app. It said this…
US Airline Set To Buy Flying Electric Taxis For Airport Runs
United Airlines will team up with US regional carrier Mesa Airlines to buy Archer’s electric vertical take-off and landing (eVTOL) aircraft as part of a $1bn order. The deal is…
With Oil Past Peak, Shell Vows To Eliminate Carbon By 2050
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly decline from its 2019 peak. The Anglo-Dutch…
Nigeria Digital Identity Project On Course Despite Challenges’
As Nigeria steps up the goal of identifying every citizen within its shores, the Director-General of the National Identity Management Commission (NIMC), Aliyu Aziz, during an online interaction with journalists,…
Asian Businesses Suffer Lunar New Year Blues Over Travel Curbs
From a skyway operator in Australia to a tourist guide on Indonesia’s resort island of Bali and a lion dance troupe in Malaysia, Asia’s travel industry is hurting as coronavirus…
Stocks Making The Biggest Moves In The Premarket: Under Armour, Twitter, Bunge & More
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts.…
Bitcoin Pushes Closer To $50,000, Global Stocks Mixed
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated US fiscal stimulus and Covid-19 vaccine developments. Asia’s main stock…
GM Warns Chip Shortage Could Cut 2021 Earnings By Up To $2 Billion
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned a global semiconductor chip shortage could cut its earnings by $1.5 billion and…
Mizuho Predicts How Much Self-Driving Cars Should Add To Baidu’s Share Price
Shares of Chinese technology company Baidu are at an all-time high and could climb further, a managing director at an investment bank said this week. James Lee of Mizuho Securities…
Europol: 10 Held For Alleged $100m Cryptocurrency Theft From Celebs, Others
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing $100 million in cryptocurrency in as “SIM-swapping” attack that allowed…
Oil Rally Extends For 9th Day On OPEC+ Cuts, Demand Hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a…
Experts Seek Support For Local Technology Production
Technology and engineering experts have emphasised the need for the government to expedite policies that would aid local production of technology, to give Nigeria international recognition and strengthen the economy.…
Macquarie Taps Renewables Trend With $2 Billion Infrastructure Fund
Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.…
Access Bank Partners American Express To Expand Cards Acceptance In Nigeria
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in Nigeria. This announcement places Access Bank as the first full-service…
Nigeria Records 45% In Broadband Penetration –Federal Government Of Nigeria
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%, with a total of 56.18million persons have been registered and…
Federal Government Of Nigeria Plans To Replace Bank Verification Number With National Identity Number
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The Minister of Communications and Digital Economy, Dr Isa…
Hyundai, Kia Deny Apple Car talks, Send Shares Tumbling
South Korean automaker Hyundai and its affiliate Kia on Monday denied news reports they were in talks with Apple for a joint project to make autonomous vehicles, sending their shares…
E-Payment Transactions Rise By 50.3%, Hit N162.95Tn
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N162.95tn from January to December in…