There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer […]
The World’s Biggest Container Shipping Line Is Now Worried About Amazon and Alibaba
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from […]
Federal Funds for Clean Coal Project Mispent on Liquor and Spas
Millions of dollars of federal funds for a failed carbon capture and sequestration project were improperly spent on liquor, lobbying, […]
Amazon Is Laying Off Hundreds of Employees at Its Seattle Headquarters
Amazon (AMZN, +3.50%) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the […]
Meet The First Female Laureate Of The Mo Ibrahim Prize For Achievement In African Leadership
“I am proud to see the first woman Ibrahim Laureate, and I hope Ellen Johnson Sirleaf will continue to inspire […]
Wiese Cuts Stake in Steinhoff Down to 6%
In an astonishing sign of lack of confidence in Steinhoff International, Steinhoff’s former chairperson Christo Wiese has cut his stake […]
“Second place is first loser”: Google’s Waymo Against Uber
After two days of legal wrangling, lawyers for Google’s self-driving car company Waymo on Wednesday injected a little bit of […]
Tesla Loses Head of Global Sales To Lyft
Tesla has lost another executive—this time its president of global sales and service, and CEO Elon Musk says he has […]
Konga acquisition: It seems Kinnevik and Naspers lost a combined 184% return on investment
Swedish investment company, Kinnevik and South African media group, Naspers have been longtime public investors in Konga, which was recently […]
Naspers asks Investec to pull ‘damaging’ analyst report
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company […]
Investec’s Koseff, Kantor Step Down After 40 Years at Helm
Investec Plc Chief Executive Officer Stephen Koseff and Managing Director Bernard Kantor will step down in October after 40 years […]
Attention Walmart Vendors: Your Shipping Costs Are About to Spike
Walmart executives will ask vendors to deliver more merchandise on time or face fines, in an effort to keep their […]
Fed puts brakes on Wells Fargo when bank needs to step on gas
The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for […]
Samsung’s Jay Y. Lee Freed in Surprise Korean Court Verdict
A South Korean high court unexpectedly let Samsung Electronics Co. Vice Chairman Jay Y. Lee walk free after suspending his […]
Steinhoff Refers Ex-CEO to Police on Suspicion of Corruption
Steinhoff International Holdings NV reported former Chief Executive Officer Markus Jooste to South Africa’s anti-graft police, pinning the blame for […]
Japan’s Fujifilm to take over Xerox in $6.1 billion deal, create JV
Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into […]
Facebook Is Banning All Ads Promoting Cryptocurrencies
Facebook Inc. is banning ads on its social network that promote cryptocurrencies, initial coin offerings and binary options, saying they’re “frequently […]
It Will Take Over Two Centuries To close The Gender Pay Gap
Oxfam International published a report on inequality on Monday, as the world’s richest and most influential plan to meet tomorrow […]
Nigeria to Start Building $5.8 Billion Power Plant in 2018
Nigeria plans to start building a $5.8 billion hydro-power plant in the eastern Mambila region this year, after it agrees […]
Japan Seeks to Clean Up Cryptocurrency Markets After $530 Million Coincheck Heist
Japan’s financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together […]