Dennis Mutua

General Motors Expands its Design Studio in China

United States auto manufacturer General Motors Co. (GM) says that it has expanded its studio design in China which will only be focusing on developing electric and connected cars. GM says that going forward the Chinese design studio will no longer design petrol vehicles. Not long ago, the GM which is the largest vehicle manufacturer […]

President Biden Orders Investigations Into Latest Ransomware Attack

United States President Joe Biden has ordered the country’s intelligence agencies to probe into a latest ransomware attack which affected various U.S business entities. The intelligence have been mandated to find the perpetrators of this unfortunate event. Some American agencies have come out pointing fingers at Russia alleging the attack was carried out by a […]

Syngenta to Use $10 Billion From Shanghai IPO to Fund Acquisitions and Expansion

World leading provider of agricultural science technology focusing on seed and crop protection products Syngenta AG (SYT) says that it will be using the $10 billion it will fetch from its Shanghai stock exchange initial public offering to finance growth and acquisitions. The company made the announcement through its official website following the IPO announcement […]

President Putin Signs Law Which Will Require Foreign IT Firms to Open Offices in Russia

On July 1, Russia’s President Vladamir Putin signed a bill which will require foreign IT companies to open offices in Russia into law. This clearly means that any information and technology company which wants to operate in the European nation will have to set up offices in Russia’s territory first. This new development has already […]

Nissan Confirms Its Presence in the UK is a Long Term One

Japan based auto manufacturer Nissan Motor Corp. (TYO: 7201) has affirmed that its presence in the UK will be a long term one, this is after the company set up a $1.4 billion investment of a new electric vehicle plant and battery facility in northern England. The Japanese automaker assured of its presence and operations […]

Mexico’s President to Respect Court Order Directing Legalization of Recreational Marijuana

The President of Mexico Andres Manuel Lopez, has pledged to abide by a court order directing the government and legislators to legalize recreational use of Marijuana in the country. The President however said, he has opened a door for a public referendum on the matter. Earlier in the week, Mexico’s Supreme Court ruled in favor […]

Didi Raises $4.4 Billion From United States IPO

China based ride hailing company operating passenger transportation platform Didi Global Inc. (DIDI) announced having fetched a staggering $4.4 billion from its U.S initial public offering held on June 29. The company sold 317 million American Depositary shares (ADS) with each share going for $14. Earlier on, Didi had said that it would be floating […]

Uber to Allow Employees Work up 50% of Their Time Remotely

Ride hailing and delivery company Uber Technologies Inc. (UBER) says that it will allow its employees work up to 50% of their work-time remotely. The company says this new work policy re-organization comes as part of its revamped return-to-office strategy. This announcement comes as one of the most flexible policies by a Unites States technology […]

Ireland Contemplating if to Only Allow Those Vaccinated Drink Inside Pubs and Restaurants

Ireland is deciding whether it should only allow those vaccinated have drinks inside pubs and restaurants. The government of Ireland says that it will be holding cabinet meetings to deliberate on this. Ireland’s minister of transport Eamon Ryan, while addressing to journalists said that the government is considering a recommendation from the National Public Health […]

U.S e-Commerce Giants Breaking Laws in India Says Commerce Minister

India’s minister of commerce, Piyush Goyal, is accusing leading United States e-commerce companies operating in India of flouting the country’s laws. The e-commerce companies in this context include Amazon Inc. (AMZN) and Walmart Inc. (WMT). According to the minister, these companies have been arrogant and continuously flouting local laws by engaging in predatory pricing practices. […]

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