Markets

Nigeria Finally Lifts Twitter Ban Following Agreement to Open an Office in the Country

Nigeria has lifted the ban it had imposed on micro blogging and social media platform Twitter Inc. (TWRT) following a fall out after Twitter deleted a post from President Muhammadu Buhari that threatened to punish regional secessionists back last year. Thereafter, the government of Nigeria banned the social network from operating in the country and […]

GM Recognizes Vehicle Emission Rules Set by California’s Authorities

Automobile manufacturer General Motors Co. (GM) said that it has agreed to recognize the vehicle emission rules put in place by California’s authorities under the Clean Act Air. GM says recognizing this rules will make it eligible to receive government fleet purchases from the state of California. The automobile manufacturer made this acknowledgment through a […]

Walmart Hiring 3,000 U.S Drivers to Expand Home Delivery Services

United States based retail company operating hypermarkets, discount stores and grocery stores Walmart Inc. (WMT) is set to hire more than 3,000 drivers in the United States so as to expand its home delivery services across the country. In addition, the company said it will be establishing a fleet of all-electric delivery vans to boost […]

Twitter Bans the Personal Account of U.S Representative Marjorie Taylor Greene

Microblogging and social networking platform Twitter Inc. (TWTR) announced having permanently banned the personal account of U.S representative for Georgia Marjorie Taylor Greene, @mtgreenee, for violating the company’s policies on misinformation about COVID-19. Not long ago, Twitter had issued a short-term suspension on Greene’s account due to tweets she had posted about COVID-19 which Twitter […]

Medallion Financial Charged With Fraud by United States SEC

Finance company offering taxi medallion, asset based, sub-debt and consumer loans Medallion Financial Corp. (NASDAQ: MFIN) has been charged with fraud by the United States Securities and Exchange Commission (SEC) for trying to inflate its stock price to its buyers. According to the complaint filed in Manhattan federal court, SEC is accusing the company together […]

Jidu Auto to Begin Mass Production of its Robot Electric Vehicle in 2023

Jidu Auto an electric vehicle joint venture of Chinese technology company specializing in internet and artificial intelligence Baidu Inc. (HKG: 9888) and china based automotive manufacturer Geely Automobile Holding (HKG: 0175) says that it will start mass production of its ‘robot’ electric vehicles in 2023. This announcement was made by the company’s chief executive officer, […]

Musk Exercises All His Stock Options Expiring in 2022

Elon Musk, the founder and chief executive officer of leading electric vehicle manufacturer Tesla Inc. (TSLA) has exercised all of his stock options due expiry next year. This comes as an indication that the billionaire has ended his stock sales which he initiated not long ago so as to pay his taxes for the year. […]

Intel Issues an Apology Over Xinjiang Supplier Statement

United States based tech company and world leading chip manufacturer Intel Corp. (INTC) has issued an apology to its Chinese customers and partners concerning a public letter it had released two days ago urging its suppliers to avoid sourcing products or labor from China’s the western region of Xinjiang. According to the annual letter to […]

Oracle Focusing on Doubling its Client Base in Latin America

U.S based computer technology and enterprise software company Oracle Corp. (ORCL) says that it’s working on increasing its client base by double and ramping up its profits in Latin America come next year. This was revealed by the company’s executive vice president for Latin America, Luiz Meisler, who claimed that for the company to achieve […]

YouTube TV Strikes Deal to Restore Access to Walt Disney Channels

Alphabet Inc. (GOOGL) owned YouTube TV has started restoring access to channels from entertainment and media company Walt Disney Co. (DIS) on its platform after the two companies reached a distribution agreement following a two-day deadlock on the matter. YouTube took on twitter to announce having reached a solution on the matter, nonetheless neither of […]