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 […]
YouTube Pledges $5 Million to Fund ‘Positive’ Videos
Expect more positivity and less suicide mockery on YouTube in 2018. Following the Logan Paul “suicide forest” video controversy, YouTube […]
Ivory Coast Is On Track to Sell More Cocoa
Ivory Coast sold more cocoa from its main crop this month after favorable growing conditions resulted in better-than-expected deliveries of […]