Dennis Mutua

Bezos Receives Backlash After Supporting U.S Corporate Tax Hike

Currently the world’s richest man and Amazon Inc.’s (AMZN) chief executive officer Jeff Bezos said that he is supporting a hike in the U.S. corporate tax rate proposed by the administration of President Biden as part of an infrastructure overhaul. President Biden is seeking to increase corporate tax to 28% down from the current 21%. The […]

U.S and Iran to Hold Indirect Talks About Bolted 2015 Nuclear Deal

The United States and Iran are set to hold indirect talks concerning the failed 2015 nuclear deal between the two countries. This deal was thwarted after the administration of former U.S President Trump failed to reach a consensus with Iran on some issues. The two parties will be holding indirect talks on the nuclear deal […]

Emergent Bio Receives $23 Million Vaccine Production Order

U.S based drug manufacturing company Emergent BioSolutions Inc. (EBS) has received an extra vaccine production order of $23 million for Johnson & Johnson’s COVID-19 vaccine. The company says this extra order is coming from a major agency based in the United State but failed to reveal the agency. Emergent Bio says it will be using […]

Gatik Working With Isuzu to Build Autonomous Delivery Trucks

Startup developing technology for deploying autonomous vehicles for short-haul logistics Gatik is partnering with Isuzu North America Corp to build autonomous delivery trucks which Gatik will be using to serve its retail clients better. Silicon Valley based Gatik works with other companies including retailer Walmart Inc. (WMT) in Louisiana and Arkansas and Loblaw Companies Ltd […]

France Cuts 2021 Economic Growth Rate to 5%

France Economy Minister Bruno Le Maire claims the country’s economy will only grow by 5% in 2021, a downward revision from the earlier forecasted 6% economic growth rate for the year. The Minister attributed this downward revision to the third wave of the pandemic which has forced France and other European nations back to lockdown […]

Facebook Accused of Leaking Personal Data of Over 500 Million Users

Pioneer social media platform Facebook Inc. (FB) is being accused of leaking personal data of at least 500 million users of the Facebook social network. A hacker group is claiming to be in possession of personal data belong to over 500 million users. This set of data includes mobile numbers and other personal data. However, […]

Auditors Discover Accounting Errors in Two U.S Units of IT Company Atos

Financial auditors have discovered some accounting errors in two United States units of French IT consulting firm Atos SE (EPA: ATO). The units affected are Atos IT Outsourcing Services LLC and Atos IT Solutions and Services Inc. According to the statement issued by the auditors these errors constitute to about 11% of the company’s consolidated […]

Microsoft Mitigates Microsoft 365 Services Technical Hitch

Leading tech company Microsoft Corp. (MSFT) says it has mitigated a technical hitch issue with Microsoft 365 services, Azure and its workplace messaging app Teams. Following the outage, many users were unable to access services across the three platforms. “We have confirmed that the underlying DNS outage has been mitigated. Currently we’re validating the recovery […]

BlackRock Closes Down its Shanghai Private Fund Unit

U.S based investment management company BlackRock Inc. (BLK) will be closing down its private fund unit in Shanghai. The global asset manager says it resolved to close down the unit so as to focus on its mutual fund business in China. Citing a post from the website of Asset Management Association of China (AMAC), less […]

TSMC Investing $100 Billion to Scale Up Chip Production

Leading global chip manufacturer Taiwan Semiconductor Manufacturing Company (TPE: 2330) will be investing $100 billion over the next three years to scale up its chip manufacturing capacity. Currently, the Taiwan based company is the world’s largest contract chip producer. Some of the largest clients for TSMC include Qualcomm Inc. (QCOM) and IPhone manufacturer Apple Inc. […]