Dennis Mutua

Ericsson Afraid of Losing 5G Market Share in China

Sweden based multinational networking and telecommunication company Ericsson (STO: ERIC) has expressed its worries that its 5G market share in China might be declining due to a disagreement over which Chinese vendors claim have been excluded from Sweden’s roll-out of ultra-fast networks. The company says it has been invited and continues to getting invites to […]

India Asks Social Media Companies to Stop Using ‘Indian Variant’ in Reference to COVID-19

The Indian Information Technology Ministry has wrote to major social media companies requesting them to drop the term ‘Indian Variant’ when making reference to a new strain of COVID-19 virus which was first detected in the country. This variant was first identified by World Health Organization (WHO) in India last year, WHO named the coronavirus […]

SEC Approves Nasdaq Proposal Allowing Companies Raise Capital via Direct Listing

The United States Securities and Exchange Commission (SEC) has approved a proposal by American stock exchange operator Nasdaq to allow companies raise capital through direct listing rather than going through the traditional initial public offering (IPO). In its filing on the matter, SEC argues that the proposal put forward by Nasdaq is consistent with the […]

Apple Generated Commissions of Over $100M From Fortnite Online Game

IPhone manufacture Apple Inc. (AAPL) received commissions of over $100 million from Epic Games‘ online video game ‘Fortnite’. The game was only available on App Store for two years. This information was revealed by Apple’s head of game business development for the App Store, Michael Schmid during an antitrust trial in federal court in Oakland, […]

Oatly Raises $1.4 Billion From New York IPO

Food brand company producing dairy products alternatives from oats Oatly said it managed to raise $1.4 billion form its New York Stock Exchange initial public offering held on May 19. Starting from May 20 the company will be trading on NYSE under the ticker symbol ‘OTLY’. The company priced its shares at $17 per share […]

IBM Set to Acquire Brussels Based Waeg

U.S based multinational technology company International Business Machines Corp. (IBM) will be acquiring leading salesforce platinum consulting partner Waeg in a deal which will diverse the hybrid cloud and intelligence strategy of IBM. Waeg has its headquarters in Brussels Belgium which coordinates services to its clients across Europe. This development was announced by IBM’s senior […]

Britain’s Consumer Price Inflation Doubles in April

Economic data release on May 19 shows that consumer price inflation in Britain doubled in the month of April as it stood at 1.5% which is on a higher side compared to the 0.7% recorded for the month of March. This data was captured and released by the Office for National Statistics. According to the […]

German Antitrust Watchdog Initiates Probe Against Amazon

The Antitrust Regulator in German, The Federal Cartel Office, has initiated an investigation against United States based technology and e-commerce company Amazon Inc. (AMZN) to establish if the company is exploiting its market dominance status in the country. “In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for competition,” […]

Oxford Biomedica Doubles its Revenue Estimates For the Year

London based gene and cell therapy company focusing on development of gene-based medicines Oxford BioMedica (LON: OXB) has revised up its revenue estimates for the year after biopharmaceutical company AstraZeneca Plc. (LON: AZN) placed additional vaccine orders. AstraZeneca and Oxford BioMedica signed an agreement for mass production of the COVID-19 vaccine developed by AstraZeneca and […]

Microsoft Confirms Having Investigated Bill Gates’ Involvement With an Employee

United States based multinational technology company Microsoft Corp. (MSFT) confirmed that it investigated allegations suggesting the company’s founder Bill Gates had some involvement with an employee of company. This incidence is suspected to have occurred around 20 years ago however Microsoft came to hear of it in 2019. After the rumors started making rounds, the […]