Britain’s Serious Fraud Office has charged Barclays Bank with unlawful financial assistance to Qatari investors, extending to the lender’s operating […]
Warning Signs Flash for Kenya Currency Amid Political Crisis
As Kenya’s shilling appreciates in spite of a political crisis that shows little sign of abating, warning signs are starting […]
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 […]
Samsung chairman named as suspect in $7.5 million tax evasion case
Samsung Electronics’ (005930.KS) ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an […]
Casino Mogul Steve Wynn Steps Down as CEO Amid Harassment Allegations
Steve Wynn has stepped down as the CEO of Wynn Resorts after allegations of sexual misconduct piled pressure on the […]
America’s Richest Doctor Is Buying the ‘Los Angeles Times’
The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people […]
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 […]
Bitcoin Breaks Below $6,000
The rout in cryptocurrencies intensified, sending Bitcoin to its lowest level since October, as worries over tighter regulation by U.S. […]
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 […]
Zinox Group acquires Konga
The Zinox Group has reportedly acquired Konga but the financial aspects of the deal are still not in the public […]
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 […]
EBay to Ditch PayPal for Dutch Processor Adyen
EBay Inc. will shift its payments business from long-time partner PayPal Holdings Inc. to Adyen BV, a global payments […]
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 […]
Nigerian Stocks Among World’s Best-Performers
Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the […]
China Denies Allegations of Spying into African Union’s Headquarters For Five Years
The African Union, a coalition of 55 countries established in Addis Ababa, Ethiopia, has reportedly been a victim of state-sponsored […]