Dennis Mutua

Square’s Shareholders Approve Issuance of New Shares for Afterpay’s Acquisition

The stakeholders of United States digital payment company and financial service provider Square Inc. (SQ) have approve the issuance of new shares for the $29 billion acquisition of fellow financial technology company Afterpay Ltd. (ASX: APT). If this acquisition deal goes through, then it will go down as the largest ever buyout deal in the […]

Facebook Shutting Down its Facial Recognition System Due to Increasing Concerns

Giant social media company Facebook Inc. (FB) says that it will be shutting down its facial recognition system due to huge backlash and increasing concerns from the general public which has been questioning the use of this technology. The facial recognition automatically identifies users in videos and pictures. The company’s vice president of artificial intelligence, […]

Duncan Wanblad Appointed the CEO of Anglo American

Global mining company and world’s largest producer of platinum Anglo American Plc. (LON: AAL) has appointed Duncan Wanblad as its new chief executive officer to replace outgoing chief executive Mark Cutifani, who is set to leave the company next year April having worked for the company for almost 10 years. Around two years ago, Wanblad […]

Apple Suspends iPad Production as Global Chip Shortage Bites Deeper

Giant technology company manufacturing consumer electronics Apple Inc. (AAPL) has suspended production of iPad tablets so as to direct more components to production of lately released IPhone 13. The IPhone manufacturer resulted to this move as the global shortage of chips continue to bite deeper causing major disruptions in production activities in many companies. The […]

BlackRock Fetches $673 Million for Climate Infrastructure Fund

United States based management investment company BlackRock Inc. (BLK) announced having raised $673 million meant for a climate focused infrastructure fund. The company says this amount is higher than what it was targeting to raise. This project will be seeking to invest in climate focused initiatives such as green energy and renewable energy in emerging […]

Microsoft and Sega Considering a Cloud Gaming Partnership

Giant tech company Microsoft Corp. (MSFT) and Japanese video game developer and video game machine manufacturer Sega Sammy Holdings Inc. (TYO: 6460) are reportedly considering a strategic partnership to develop big budget video games using Microsoft cloud gaming technology. Microsoft which owns widely used gaming console Xbox has a cloud computing platform, Azure Cloud which […]

German Labor Union Movement Lobbying for Strikes at 7 Amazon Sites in Germany

Verdi, a German labor union movement is calling for employees working in seven Amazon Inc. (AMZN) sites in the country to go on strike following a pay dispute with the leading online retailer. Verdi is calling for the workers to go on strike for the first two days of the month. “The strikes are planned […]

American Airlines Cancels 1,400 Flights Citing Staff Shortage

United States leading airline company American Airlines Group Inc. (AAL) announced having canceled over 1,400 flights over the past weekend attributing shortage of staff and bad weather conditions to the unfortunate development. The company says it canceled 376 flights on Friday, 551 flights on Saturday and an additional 480 flights on Sunday. According to FlightAware, […]

GameStop’s COO Resigns Barely 7 Months After Assuming the Office

Jenna Owens, the chief operating officer at video game developer and consumer electronics manufacturer GameStop Corp. (GME) has left the company barely 7 months after the company poached her from leading online retailer Amazon Inc. (AMZN). Owens joined GameStop back in March and her departure goes down as the first of a top executive at […]

Hyundai Falls Short of Q3 Profit Estimates

South Korea based manufacturer of automotive Hyundai Motor Co. (KRX: 005380) reported its results for the third quarter of the year in which it fell short on what analysts’ were expecting from the company in the quarter. In the third quarter ended September 30, the company reported a net profit of $1.10 billion (1.3 trillion […]