Dennis Mutua

PayPal to Introduce ‘Buy Now Pay Later’ Option in Australia

United States online payment system PayPal Inc. (PYPL) will be introducing its ‘buy now pay later’ (BNPL) option in Australia. The company made this announcement on March 9 further specifying it will be launching the service on June. PayPal has already rolled out this option in the United States and Britain. By the end of […]

China Launches Digital COVID-19 Vaccination Certificates for Cross-Border Travels

On March 9 China launched digital COVID-19 vaccination certificates for Chinese citizens planning cross-border travels. China becomes the latest entry into the list of countries which are issuing such certificates as the world is looking into ways to open economies which have been greatly affected by the pandemic. Vaccines are being rolled out across the […]

Meitu Beauty App Surges After Investing in Cryptocurrency

Shares of China based photo editing and beauty app Meitu Inc. (01357) surged after the Hong Kong stock exchange listed company invested in cryptocurrency. On 8 March the company announced having invested $40 million in cryptocurrencies. Moments after the announcements shares of the company rallied by 8%. According to regulatory filings, Meitu bought Ether worth […]

Three Chinese EV Makers Aiming a Joint $5 Billion Hong Kong IPO

Three electric vehicle manufactures from China are planning for a joint listing in the Hong Kong Stock Exchange whereby they will raise $5 billion from the IPO. The companies include Nio Inc. (NIO), Xpeng Inc. (XPEV) and Li Auto Inc. (LI). All the three EV makers are listed on United States stock markets. The companies […]

Trump Demands 3 Republican Groups to Stop Using His Name to Raise Funds

Former United States President Donald Trump has issued an order to three Republican Party linked groups to stop using his name to raise funds. This was announced by Trump’s advisor who claims the groups have using Trump’s name for financial gain. Earlier Politico had published a post suggesting that Trump had sent a sent cease-and-desist […]

White House Tracking Emergency Patch Dispatched by Microsoft

The White House said that it’s keeping a close watch on an emergency patch recently dispatched by tech giant Microsoft Corp. (MSFT). This patch was released after an unknown hacking group recently hacked systems of organizations using a flaw in Microsoft’s server software. This was announced by President’s Biden national security advisor Jake Sullivan on […]

Year on Year Car Sales in Britain Declines by 36%

The pandemic indeed affected movement of individuals in the UK, since the pandemic set foot Europe has been one continent which has been imposing lockdowns after lockdowns in efforts to combat rapid spread of the deadly virus. These movement restrictions significantly affected the transport and automobile industries. Britain has recorded a year on year car […]

Identity Management Company Okta to Purchase Auth0 for $6.5 Billion

Identity and access management company Okta Inc. (OKTA) said it had reached a deal to purchase Auth0 its smaller competitor in a deal worth $6.5 billion. This deal will be an all stock one, so far it will be the largest software deal in 2021. Okta majorly provides software which assists companies to manage and […]

Russia Accuses U.S of ‘Anti-Russian Lunge’ following New Sanctions

Late evening on March 2, Russia’s foreign ministry made a public statement accusing United States of a “hostile anti-Russian lunge” following the new string of sanctions imposed to Moscow by the administration of President Joe Biden. “We will respond based on the principle of reciprocity, but not necessarily symmetrically,” said Russia’s foreign ministry spokeswoman Maria Zakharova […]

Hong Kong Contemplating Whether to Allow SPAC Listings

Companies getting listed in the U.S stock markets through merger with Special Purpose Acquisition Companies (SPACs) is becoming common as some private companies seems to prefer this method rather than the traditional method of holding an initial public offering. Hong Kong Stock Exchange is contemplating about allowing companies to get listed via merger with SPACs […]