Dennis Mutua

Moderna COVID-19 Vaccine Will be Going for $25 to $37

COVID-19 vaccine developed by Massachusetts based Biotechnology Company Moderna Inc. (MRNA) will be going for $25 to $37. This was revealed by the company’s Chief Executive Officer Stephane Bancel during an interview with German weekly Welt am Sonntag. Since Moderna announced its 94.5% effective COVID-19 vaccine , the European Commission has been engaging the drug […]

Thyssenkrupp to Lay Off 5,000 Employees due to Disruptions Caused by the Pandemic

German based industrial engineering and steel manufacturing company ThyssenKrupp AG (ETR: TKA) has announced that it will be laying an additional 5,000 employees as the pandemic has caused major distortion in operations of the company. This latest lay off will bring the number of employees laid off by the company courtesy of the pandemic to […]

China Gives $2.1 Billion Debt Relief to Developing Countries

China has increased its debt relief to developing to $2.1 billion under the G20 framework making it the largest debt relief by any member state of the group. This information was revealed by China’s Finance Minister Liu Kun. The corona virus pandemic has really injected a lot of damages in developing countries leaving most of […]

Phoenix Approves $12 Billion Development Deal With TSMC

On November 18 City Council of Phoenix, Arizona voted in favor of a $12 Billion development deal with chip manufacturer Taiwan Semiconductor Manufacturing Co (TPE: 2330) in which the company will build a factory in the city. The Council voted 9-0 in favor of the agreement with Taiwan Semiconductor, prior to the voting session mayor […]

Banco Santander Acquires Wirecard’s Tech Assets

German based payment processor and financial service provider Wirecard AG (ETR: WDI) has sold its tech platform together with its tech assets to Spain based financial services provider Banco Santander SA (BME: SAN). The sale was announced by Wirecard’s insolvency administrator Michael Jaffe “Banco Santander will acquire the technology platform of the payment service provider […]

Digital Rights Group Files Complaints Against Apple’s Tracking Tool

Privacy activist Max Schrems led digital rights group Noyb in filing complaints against an online tracking tool owned by Apple Inc. (AAPL) the group made the filing with Spanish and German data protection authorities. In the filing the group claims the online tracking tool allows IPhones to store users’ data without permission from the users […]

Huawei Selling its Smartphone Brand Honor

Leading Chinese tech giant Huawei Technologies Co Ltd will be selling its budget brand smartphone unit Honor with an aim of keeping the brand alive. Huawei will be selling the smartphone brand to a consortium of more than 30 agents and dealers. On Nov 17 the consortium issued a statement announcing the deal. The deal […]

Simon Property Scales Down Buying Price for Taubman Stake by 18%.

U.S based commercial real estate company Simon Property Group Inc. (SPG) will be cutting down its purchase price for an 80% stake in fellow real estate investment company Taubman Realty Group (TRG). During a joint statement the companies said Simon Property will be reducing its purchase price by 18% due to what the companies call […]

Bolt Will be Investing $118 Million in Europe’s e-Scooter Market in 2021

Ride hailing company Bolt will be investing more than 100 million euros ($118 million) in European e-scooter market come 2021. Following this investment the Estonia based will become the largest e-scooter rental company in Europe. The company is intending to introduce 130,000 scooters to 100 cities across Europe in 2021. CEO and co-founder of Bolt […]

Apollo Global to Acquire Great Canadian Gaming for $1.66 Billion

Apollo Global Management (APO) will be purchasing Great Canadian Gaming Corp (GC) in a deal worth C$2.16 billion ($1.66 billion). Apollo says it will use cash managed by its affiliates to finance the deal. Apollo is offering C$39 per share which represents a 34.9% share premium of the stock’s closing price on November 10. The deal […]