Dennis Mutua

Lucid Motors to go Public Through a Merger Deal with Churchill Capital IV

America based luxury electric vehicle manufacturer Lucid Motors says it has agreed to go public through a merger deal with Special Purpose Acquisition Company Churchill Capital IV Corp (CCIV). This merger deal will leave the combined company with a market valuation of $11.75 billion. Lucid based in Newark, California is headed by a former engineer from […]

Discovery Expecting 12 Million Streaming Subscribers by End of February

American mass media company Discovery Inc. (DISCA) is looking forward to have 12 million streaming subscribers by the end of February. Since the pandemic began the company has been recording increasing numbers of new streaming subscribers due to movement restrictions imposed across the world to reduce spread of the deadly virus. Discovery Inc. operates a […]

WhatsApp to Implement Privacy Policy Update Despite Backlash

Facebook Inc. (FB) owned online messaging platform WhatsApp will be implementing its controversial privacy policy which will allow the app to share limited users’ private data with Facebook and its group firms. Under the privacy update also, users will be allowed to read it at their own pace additionally a banner will be displayed showing […]

Credit Suisse Posts a Net Loss of $392.79 Million in Fourth Quarter

Swiss based capital market company Credit Suisse Group (SWX: CSGN) posted its financial results for the fourth quarter in which the company registered a net loss of $392.79 (353 million Swiss franc) in the quarter. The second largest Swiss lender also registered a 22% net profit decline in 2020, the company attributes this decline to […]

Facebook Blocks News Feeds in Australia

For some time now Australian authorities and social network Facebook Inc. (FB) have been at loggerheads concerning Facebook paying for content circulated on its platform. An escalation of the matter has resulted to Facebook blocking all media content in Australia. On February 18, people in Australia woke up to find empty news feeds after Facebook […]

Developer of Human Tissue Humacyte Agrees to go Public via Merger with SPAC

Developer of human tissue- based investigational products Humacyte Inc. had agreed to a deal to go public through a merger with a Special Purpose Acquisition Company (SPAC) Alpha Healthcare Acquisition Corp. (AHAC). Humacyte mainly engages in developing universally implantable bioengineered human tissues and organs. This deal will be one of a kind since it’s very […]

Nestle Selling Pure Life and Other Struggling Water Brands for $4.3 Billion

Foods and drinks processing corporation Nestle SA (SWX: NESN) announced that it will be selling Pure Life plus some other struggling water brands based in north America for $4.3 billion to two private equity firms. The two private equity firms purchasing the brands are Metropoulos & Co and One Rock Capital Partners. Among the struggling […]

Swiss Competition Agency Opens Investigation into MasterCard

The Swiss competition watchdog Swiss Competition Commission (COMCO) has opened a probe to investigate worldwide used financial service company MasterCard Inc. (MA) over a possible obstruction of SIX’s National Cash Scheme (NCS). The NCS is a group of rules for withdrawals among other transactions conducted at the cash machines at the banks. “The obstruction occurs […]

Jaguar Cars to go All Electric by 2025

Jaguar the luxury brand of car manufacturer Jaguar Land Rover has announced that its cars will go all electric by the year 2025. The company will also launch its entire electric car model lineup by 2030. The company made this announcement on February 15 immediately after joining the global race of manufacturing zero-emission vehicles. Tata […]

Redefine Meat Raises $29 Million From its Latest Financing Round

Animal free-meat company Redefine Meat announced having raised a total of $29 million from its latest financing round which was led by venture capital firms Hanaco Ventures and Happiness Ventures. The company will be using the proceeds to support its 3D- printed meat business substitutes across the world. Redefine Meat has developed a technology it […]