Dennis Mutua

BlackRock to Purchase Aperio in a Deal Worth $1.5 Billion

World’s largest asset manager BlackRock Inc. (BLK) announced that it will be acquiring investment manager service provider Aperio Group LLC for $1.5 billion. BlackRock will be purchasing Aperio from its current owner Golden Gate Capital, a private equity firm. Some employees of Aperio also own notable stake in the company the purchase transaction will be […]

China Construction Bank Drops a $3 Billion Blockchain Tech Bond

The China Construction Bank Corp. (CCB) has withdrawn from its plan of issuing a $3 billion blockchain technology bond. The bond was to be listed on Malaysian cryptocurrency-focused exchange. Malaysian exchanged announced the withdrawal saying they undertook the measure after receiving a withdrawal request from China Construction Bank. According to earlier plans the bond was […]

German Luxury e-Commerce Mytheresa Files for U.S IPO

German based luxury e-commerce Company Mytheresa Group announced having filed for an initial public offering in the United States stock exchange markets. The news was announced by its parent company MYT Netherlands Parent B.V which said the number of American depositary shares to be offered in the IPO is yet to be established. This move […]

Moderna COVID-19 Vaccine Will be Going for $25 to $37

COVID-19 vaccine developed by Massachusetts based Biotechnology Company Moderna Inc. (MRNA) will be going for $25 to $37. This was revealed by the company’s Chief Executive Officer Stephane Bancel during an interview with German weekly Welt am Sonntag. Since Moderna announced its 94.5% effective COVID-19 vaccine , the European Commission has been engaging the drug […]

Thyssenkrupp to Lay Off 5,000 Employees due to Disruptions Caused by the Pandemic

German based industrial engineering and steel manufacturing company ThyssenKrupp AG (ETR: TKA) has announced that it will be laying an additional 5,000 employees as the pandemic has caused major distortion in operations of the company. This latest lay off will bring the number of employees laid off by the company courtesy of the pandemic to […]

China Gives $2.1 Billion Debt Relief to Developing Countries

China has increased its debt relief to developing to $2.1 billion under the G20 framework making it the largest debt relief by any member state of the group. This information was revealed by China’s Finance Minister Liu Kun. The corona virus pandemic has really injected a lot of damages in developing countries leaving most of […]

Phoenix Approves $12 Billion Development Deal With TSMC

On November 18 City Council of Phoenix, Arizona voted in favor of a $12 Billion development deal with chip manufacturer Taiwan Semiconductor Manufacturing Co (TPE: 2330) in which the company will build a factory in the city. The Council voted 9-0 in favor of the agreement with Taiwan Semiconductor, prior to the voting session mayor […]

Banco Santander Acquires Wirecard’s Tech Assets

German based payment processor and financial service provider Wirecard AG (ETR: WDI) has sold its tech platform together with its tech assets to Spain based financial services provider Banco Santander SA (BME: SAN). The sale was announced by Wirecard’s insolvency administrator Michael Jaffe “Banco Santander will acquire the technology platform of the payment service provider […]

Digital Rights Group Files Complaints Against Apple’s Tracking Tool

Privacy activist Max Schrems led digital rights group Noyb in filing complaints against an online tracking tool owned by Apple Inc. (AAPL) the group made the filing with Spanish and German data protection authorities. In the filing the group claims the online tracking tool allows IPhones to store users’ data without permission from the users […]

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]