Dennis Mutua

Tesla Increases the Price of Model X and Model S by $5,000

United States leading electric vehicle manufacturer Tesla Inc. (TSLA) has hiked the prices of its Model X Long Range and Model S Long Range variants by $5,000. This price increment announcement was made by the company through its official website during the past weekend. Going forward, the Model X Long Range will be going for […]

Solar Car Company Sono Motors Files For United States IPO

German based manufacturer of electric vehicles which charges the car battery using integrated solar cells Sono Motors has filed for a United States initial public offering (IPO). The company made this filing late last weeks as it seeks to tap into investor demand and the global push for a paradigm shift to greener means of […]

Former President Trump Set to Unveil ‘TRUTH’ Social Media App

Former United States President Donald Trump is looking forward to launch his own social media app dubbed ‘TRUTH Social’. Trump says through this initiative he will stand against big tech companies including Facebook Inc. (FB) and Twitter Inc. (TWTR) who both suspended his accounts alleging that his post went against the companies’ policies and were […]

Volvo Surpasses Analysts’ Estimates in Q3 Results

Sweden based manufacturer buses and construction equipment AB Volvo Group (STO: VOLV-B) announced its results for the third quarter of the year in which it beat what analysts were expecting for the company despite the global chip shortage which has greatly affected the automotive industry across the world. In the third quarter, the company generated […]

Gates Foundation Sets Aside $120 Million to Buy Poor Countries COVID-19 Vaccines

The Bill & Melinda Gates Foundation says that it will set aside $120 million to help low-income purchase an experimental COVID-19 vaccines which is being developed by America based pharmaceutical company Merck & Co Inc. (MRK). The charity organization made this announcement of October 20 saying the project will come as its efforts against fighting […]

Abu Dhabi Investment Authority Investing $400M in Tech Company GoTo

Abu Dhabi wealth fund, Abu Dhabi Investment Authority (ADIA) has revealed that it will be pumping in an investment of $400 million into Indonesia based technology company GoTo. This investment will be in form of a pre-initial public offering (IPO) financing exercise by the company. GoTo enjoys the backing of high ranking investors like leading […]

Delivery Hero Acquires Minority Stake in Grocery Delivery Firm Gorillas

Berlin based online food-delivery company Delivery Hero SE (ETR: DHER) announced having invested a minority stake of $235 million in fellow Berlin based grocery delivery company Gorillas. This deal comes at a time when companies are striving hard to dominate the rapid growing delivery service sector. This deal means that Delivery Hero now owns 8% […]

Xiaomi to Start Producing its Own Cars Come 2024

China based designer and manufacturer of consumer electronics, home appliances and related software Xiaomi Corp. (HK: 1810) is set to start producing its own cars in the first half of 2024. This announcement was made by the company’s spokesperson on October 19. The spokesperson said this while on an investor meeting which the company later […]

Facebook to Employ 10,000 Workers in the European Union Over the Next Five Years

Leading social media company Facebook Inc. (FB) has revealed that it’s looking forward to employ 10, 000 workers in the European Union over the next five years. The company says these workers will assist in building Metaverse, a nascent online world in which users will exist and communicate in shared virtue spaces. Back last month, […]

Skoda Auto Suspends Production for Two Weeks Citing Chip Shortage

Volkswagen AG (VOWG) owned auto manufacturer Skoda Auto announced that it will be suspending production activities for two weeks due to the global chip shortage which has been affecting the operations of car makers across the world. The company says that during the two week production suspension period, it will be completing 10,000 unfinished vehicles. […]