Facebook Lost Billions After Outage
The global economy lost billions of dollars as Facebook, WhatsApp, and Instagram went down at about 4.42pm on Monday. According…
Category: World
Evergrande Crisis Is Affecting China’s Property Market
On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer…
Evergrande Set To Sell Part Of Its property Services Unit Stake
Indebted developer Evergrande is set to sell part of its stake in its property services unit, the second asset sale…
Monzo Withdraws Application For U.S. Banking License
British financial technology firm Monzo has withdrawn its application for a U.S. banking license following discussions with regulators at the…
5G is 100 Times Faster Than 4G
Up to 100 times faster than 4G, 5G, the fifth generation of cellular networks, is creating never-before-seen opportunities for people…
World Bank Approve $11.5 Billion Lending
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The…
Africans Win At British STEAM Competition
Three youth teams from Nigeria, Ghana and Kenya have celebrated their achievements at the British International Education Association’s 2021 International…
Tesla Top Expectation In Q3
Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts…
U.S Congress Unmask Facebook Whistleblower
A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress…
European Union And German Agency Provide Financial Support To Nigeria Government
The European Union and the German Agency for International Cooperation on Thursday provided additional £15m as financial support to the…
Google And DeepMind Are Facing Legal Action
Alphabet’s Google and sister firm DeepMind are facing legal action for the way in which they obtained and processed over…
OYO To Issue New Shares Worth $1.16 Billion
Indian hotel chain Oyo is planning to raise about 84.3 billion rupees ($1.16 billion) in an initial public offering, according…
U.S. Fintech Start-up “Upgrade” Is Set To Join Buy Now Pay Later Market
U.S. fintech start-up Upgrade is set to enter the increasingly crowded buy now, pay later market. Upgrade, which was founded…
Lower-Income Countries Should Avoid High Interest Rate Financing : World Bank
The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high interest rate financing…
Visa Set To Launch Universal Payment Channel
Visa has said it is working on an interoperability system that would work across different blockchain networks and connect different…
U.S. Stock Index Futures Rose, Tech Stocks Dipped
U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the…
China International Marine Containers Acquire Danish Shipping Giant “Maersk”
Danish shipping giant, AP Moller-Maersk, will bank close to $1bn after agreeing a sale of its refrigerated container making business.…
Google Is Redesigning Dominant Search Engine
Google is redesigning its dominant search engine, and users may find that future results keep them on Google’s own properties…
Local Chinese Government Halt Factory Production
Abrupt power cuts in parts of China are pushing some foreign companies to invest in other countries instead. In the…
YouTube Strengthen Its Policies On Misinformation Around Vaccines
Google-owned YouTube banned prominent anti-vaccine accounts in an effort to strengthen its policies on misinformation around vaccines, the company said…
Instagram Announce Pausing Of Instagram Kids
Instagram announced that it is pausing its planned version of the social media platform geared towards children under the age…
Honor Smartphone Notched A 15% Market Share In China
Honor, the smartphone brand Huawei spun off last year, is beginning to regain share in China’s fiercely competitive mobile phone…
Critical Chip Machine Maker ASML Predicts Sales Boom To Last Over The Next Decade
ASML has raised its long-term outlook following a surge in demand for the semiconductors that its machines help to make.…
Heifer Nigeria Appoint New Country Director
Heifer International has appointed Rufus Idris as its new Country Director for its Nigeria operations. In a statement issued by…
Mortgage Application Volume Fall By 1.1%
Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week,…
Chinese Automaker Geely Holding Dive Into Smartphone Business
Chinese automaker Geely Holding is jumping into the smartphone business after its founder set up a new company. Hubei Xingji…
Global Chip Shortage Is For A While Says AMD Ceo
The global chip shortage will become less severe in the second half of 2022, AMD CEO Lisa Su said on…
Asia-Pacific Stocks Mixed After China’s GDP Forecasts
Stocks in Asia-Pacific were mixed in Tuesday trade, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed…
China Cryptocurrency Exchange Huobi Cease New Account Opening
Huobi, one of the world’s largest cryptocurrency exchanges, said it has ceased new account openings for mainland Chinese users after…