Dennis Mutua

German Changes Stand on Tech Used by Apple and Google to Combat COVID-19

Two weeks ago, two leading American tech companies Apple Inc. (AAPL) and Alphabet Inc. (GOOGL) announced a partnership working together on a smartphone technology that will help in tracing of persons infected with coronavirus. Additionally, the technology will be notifying non infected persons once they come into contact or near persons who had earlier been […]

Embraer Facing Historical Crisis Without a Contingency Plan

Brazil based plane maker Embraer SA (EMBR3) is facing its toughest times in the history of its existence. Coronavirus pandemic has greatly affected airline industries globally, however Embraer is feeling the heat of the pandemic without a plan B. Before global outbreak of the pandemic U.S based Boeing Co (BA) had offered Embraer a commercial […]

LG Reports Losses in Fifth Consecutive Quarterly Reports

Undoubtedly, business hasn’t been as usual for worldwide known South Korean tech company LG Display Co Ltd (KRX: 034220) the firm posted net losses in the first quarter of the year bringing its quarterly results to five consecutive quarterly net losses. In the first quarter ended March 31, LG reported net operating losses of 362 […]

Hertz Working to Restructure Debts Following Demand Decline in Car Rental

U.S based car Rental Company Hertz Global Holdings Inc. (HTZ) has announced its ongoing plans whereby the company is currently engaging debt restructuring experts in pursuit of viable options which the company can take after coronavirus pandemic to reinforce its financial outlook. Information from the company’s insiders indicates the global pandemic has forced demand of […]

Netflix Gains 16 Million New Subscribers Amidst Pandemic

Lockdowns and stay at home orders have been the new orders of the day around the world for the past 3 months or so, economies have been plunging deep and deeper. Nonetheless, as the saying goes one man’s poison is another man’s meat is greatly manifesting its relevance with media service provider and production company […]

Facebook Investing $5.7 Billion in Reliance Industries

Tech giant Facebook Inc. (FB) has announced it will be pumping in investment worth $5.7 billion in the digital unit- Jio Infocomm of Reliance Industries (RELI) in return Facebook will be getting 9.99% stake in the company. Following closure of the deal, it will be the second largest investment ever done by Facebook the first […]

Defense Minister for Taiwan Ready to Resign Over Coranavirus Outbreak in a Navy Ship

Taiwan Minister of National Defense, Yen Teh-fa, issued a public apology concerning an outbreak of deadly coronavirus in a navy ship said to have toured the Pacific Ocean during in the course of last month. The minister said he is willing to resign. “I have asked President Tsai for punishment, and the president has asked […]

YouTube Sued by Ripple due to Cryprocurrency Fraud

Alphabet Inc. (GOOGL) owned video streaming YouTube has been sued by Cryptocurrency Company Ripple citing the video viewing platform has failed to protect innocent clients from cryptocurrency frauds. Among ways in which these frauds are committed include using fake YouTube accounts to dupe unsuspecting victims into sending money with promises of false giveaways. According to […]

IMF Needs to Step Out of Comfort Zone Says Managing Director

The Managing director of International Monetary Fund (IMF), Kristalina Georgieva, has expressed her views that the organization needs to step out of its comfort zone going out of its way so as to help in cushioning global economic plunge caused by coronavirus pandemic. According to a published post in the company’s website, Geirgieva says in […]

Neiman Marcus Set to File for Bankruptcy

U.S based chain of luxury department stores Neiman Marcus Group Inc. (NMG) is looking forward to file for bankruptcy this week according to sources with direct information of the matter. When this happens, Neiman Marcus will become the first American department store operator to go down during this tough economic times brought about by the global […]