Dennis Mutua

PayPal’s Acquisition Deal to Purchase Plaid Facing Antitrust Probe

A deal in which online payment system company PayPal Inc. (PYPL) was to acquire financial technology startup Plaid Inc. is glaring at antitrust scrutiny after the U.S. Justice Department filed a petition with a U.S. district court in Massachusetts. The Justice Department is demanding more details concerning the business disclosed to the public. Currently the […]

Turkey President Erdogan Supports Boycotts Against France Due to ‘Blasphemous Cartoon’

The President of Turkey Tayyip Erdogan has urged his fellow citizens to cease buying goods from France due to some cartoon images being displayed across France of Prophet Mohammad. “I am calling to all my citizens from here to never help French brands or buy them,” said President Erdogan. These images did not sit well […]

Geely Establishing a New Plant with an Annual Manufacturing Capacity of 30,000 EV’s

China based electric vehicle manufacturer Geely Automobile Holdings Ltd (GELYF) will be building a new plant with a production capacity of 30,000 premium electric vehicles annually. The new plant will be located in the western city of Chongqing and it will be fully managed by a newly registered company. According to the company’s website, the […]

United States Sanctions a Russian Institute for Developing a Dangerous Malware

The United States has sanctioned a Russian research institute over development of what the U.S calls a dangerous malware. This malware is said to have the ability of causing catastrophic industrial damage. The institute is called Central Scientific Research Institute of Chemistry and Mechanics, it also has a Russian acronym TsNIIKhM. Additionally the institute is […]

Huawei Reports Single Digit Growth in Q3 Results

China based tech giant Huawei Technologies Co Ltd announced its results for the third quarter registering a 3.7% growth in the quarter. This becomes the only quarter of the year the company failed to post double digit growth in its quarterly results. In a statement provided by the company, for the period January to September […]

Brazilian Volunteer for AstraZeneca COVID-19 Vaccine Clinical Trials Dies

A volunteer in Brazil for the clinical trials of COVID-19 vaccine being developed by Europe based pharmaceutical company AstraZeneca Plc. (LON: AZN) in collaboration with Oxford University has passed away. Oxford confirmed the sad news further adding after a meticulous assessment no concerns about safety of the clinical trial the trials came up hence the […]

Lily Secures External Advisor for COVID-19 Drug Plant Problem

Indianapolis based pharmaceutical company Eli Lily and Co. (LLY) has announced that it has procured services of an external advisor to review its COVID-19 drug plant problem. This comes after inspectors from Food and Drug Administration (FDA) found Lily’s drug for COVID-19 violating quality control standards resulting to the company halting its vaccine development trials. […]

Pompeo Says U.S and Brazil Must Reduce Dependence on Chinese Imports

U.S secretary of State Mike Pompeo has said that both the United States and Brazil need to reduce overdependence on critical imports from China. Pompeo believes doing so would do well for the security of the two countries. He made the remarks during a virtual summit which strengthened business partnerships between the two countries. The […]

Snap Beat Revenue and User Growth Estimates in Q3 Results

Social media and camera company Snap Inc. (SNAP) announced its results for the third quarter of the year ended September 30. The company said in this pandemic period more new users have been signing up to its messaging app Snapchat to chat with their family members and friends. In the third quarter, the company generated […]