Dennis Mutua

Xiaomi Set to Open EV Plant With 300,000 Annual Output

China based designer and manufacturer of consumer electronics Xiaomi Corp. (HK: 1810) says that it will be building an electric vehicle plant with annual production capacity of 300,000 electric vehicles. The company made this announcement during the past weekend. According to the announcement, this plant will be constructed in two phases, the company will also […]

Verizon and AT&T Agree to Adopt New Measures Addressing 5G Air Safety Concerns

U.S based telecommunications company Verizon Communications Inc. (VZ) and largest provider of mobile telephone services in U.S AT&T Inc. (T) said they have agreed to adopt new precautionary measures to address increasing air safety concerns for the use of C-Band spectrum for 5G wireless. The aviation industry together with the Federal Aviation Administration (FAA) have […]

China Seeking to Stop Delisting of Chinese Companies From U.S Stock Markets

China’s market regulator, China Securities Regulatory Commission, says that its working hard with United States market regulators with an aim to stop Chinese getting delisted from US stock markets when they fail to meet auditing standards used in the United States. For quite some time now, this has been a major issue as Chinese companies […]

China Irked by United States Inviting Taiwan to Democracy Summit

The government of China has been annoyed by the move from the government of United States inviting Taiwan to a Summit for Democracy slated for December 9 and December 10. President’s Biden administration published a list of invited countries this week. The list did not sit well with Chinese government because they count Taiwan as […]

Ant Group Valuation Reduced by 15% to $191 Bilion by Warburg

New York based private equity company majorly focusing on private equity Warburg Pincus LLC has reduced its valuation of Chinese fintech company running China’s largest digital payment platform Ant Group by 15% to $191 billion. This information was leaked by an insider source from Warburg who has direct access to knowledge on the matter. The […]

Samsung Picks Texas as the Location For Its New $17 Billion Chip Plant

South Korea based leading technology company mostly known for making consumer electronics Samsung Electronics Co Ltd (KRX: 005930) announced that it has selected Taylor, Texas as the location for its new $17 billion chip factory. This chip plant will be making advanced chips for functions including; 5G, artificial intelligence (AI), mobile and high-performance computing. The […]

Apple and Amazon Slapped With $225M Fine For Collusion by Italian Regulator

Giant tech giant Apple Inc. (AAPL) and leading online retailer Amazon Inc. (AMZN) have been slapped with a $225 million (200 million euros) fine by Italy’s antitrust regulator for collusion. The two United States based companies are accused of engaging into anti-competitive alliance in the sale of Apple and Beats products. The antitrust regulator claims […]

New Buildings in the UK to Have Electric Vehicle Charging Points

It’s now mandatory that new buildings in the UK will be required to install electric vehicle charging points starting next year. This was announced by Prime Minister Boris Johnson who said these changes are as a result of a recent legislation. The Prime Minister said this new legislation will result to 145,000 extra EV charging […]

Ericsson Set to Acquire Vonage For $6.2 Billion

Manufacturer of mobile telecommunication and networking equipment Ericsson (STO: ERIC-B) announced having agreed to acquire United States based provider of business cloud communications Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an […]

Apple Says Its Workers Have the Right to Discuss Salaries and Working Conditions

Leading tech giant Apple Inc. (AAPL) has told its employees that it’s within their rights to discuss their wages and working conditions at the company. Apple issued this statement following a number of workers who have been striking without revealing much to the public due to the company’s reputation for secrecy. Apple made this announcement […]