Dennis Mutua

Ant Group Valuation Reduced by 15% to $191 Bilion by Warburg

New York based private equity company majorly focusing on private equity Warburg Pincus LLC has reduced its valuation of Chinese fintech company running China’s largest digital payment platform Ant Group by 15% to $191 billion. This information was leaked by an insider source from Warburg who has direct access to knowledge on the matter. The […]

Samsung Picks Texas as the Location For Its New $17 Billion Chip Plant

South Korea based leading technology company mostly known for making consumer electronics Samsung Electronics Co Ltd (KRX: 005930) announced that it has selected Taylor, Texas as the location for its new $17 billion chip factory. This chip plant will be making advanced chips for functions including; 5G, artificial intelligence (AI), mobile and high-performance computing. The […]

Apple and Amazon Slapped With $225M Fine For Collusion by Italian Regulator

Giant tech giant Apple Inc. (AAPL) and leading online retailer Amazon Inc. (AMZN) have been slapped with a $225 million (200 million euros) fine by Italy’s antitrust regulator for collusion. The two United States based companies are accused of engaging into anti-competitive alliance in the sale of Apple and Beats products. The antitrust regulator claims […]

New Buildings in the UK to Have Electric Vehicle Charging Points

It’s now mandatory that new buildings in the UK will be required to install electric vehicle charging points starting next year. This was announced by Prime Minister Boris Johnson who said these changes are as a result of a recent legislation. The Prime Minister said this new legislation will result to 145,000 extra EV charging […]

Ericsson Set to Acquire Vonage For $6.2 Billion

Manufacturer of mobile telecommunication and networking equipment Ericsson (STO: ERIC-B) announced having agreed to acquire United States based provider of business cloud communications Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an […]

Apple Says Its Workers Have the Right to Discuss Salaries and Working Conditions

Leading tech giant Apple Inc. (AAPL) has told its employees that it’s within their rights to discuss their wages and working conditions at the company. Apple issued this statement following a number of workers who have been striking without revealing much to the public due to the company’s reputation for secrecy. Apple made this announcement […]

Theranos Founder Elizabeth Holmes Defends Herself Against Charges of Defrauding Investors

Elizabeth Holmes, the founder of privately held health technology company Theranos was arraigned last Friday in court to face charges of defrauding investors and patients leveled against her. According to the lawsuit, Holmes is being accused of making false claims about Theranos including that its technology could run a number of diagnostic tests more quickly […]

Bayer’s Chief Executive Rules Out Splitting the Company

Werner Baumann, the chief executive officer of German based pharmaceutical and life sciences company manufacturing biotechnology products, agricultural chemicals and seeds Bayer AG (ETR: BAYN) says that the company is in no way considering splitting its three main business into separate publicly traded companies. “We are going to continue the course, which is developing our […]

WeRide Set to Launch Robotaxis on Ontime Ride-Hailing App

China based leading autonomous driving company Weride Corp. announced that it will be launching robotaxis available for public booking on the Ontime ride-hailing app come next year. Ontime ride-hailing is owned by Chinese automobile manufacturer Guangzhou Automobile Group. (HKG: 2238). In a public statement, WeRide says it’s putting measures into place to begin offering test […]

Twitter Expands Access of Free Data for Developers

Widely used social media network Twitter Inc. (TWTR) says that it will be expanding free access of its social networking website data to help software developers to come up with tools and products which can promote safer conversations and interactions across the online space. This move will come as part of the company’s wider plans […]