Author of the article: Reuters Scott Murdoch and Kane Wu HONG KONG — Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said. The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider…
A health worker administers the AstraZeneca vaccine to a member of the Gurugram Police in Gurugram, India on February 5, 2021. An Indian journalist live-tweeted his deteriorating condition as he sought Covid-19 treatment.Vinay Srivastava tried several hospitals, but died on Saturday without medical attention.It came amid dire India's Covid-19 crisis, where there are up to…
Absa statement:The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the…
Capital Markets Tuesday April 20 2021 NSE trading floor. FILE PHOTO | NMG Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL.This comes after NSE granted online forex trader EGM Securities the operating…
In January and February, there were around $300m in non-fungible token sales, according to Cointelegraph. But for many, NFTs are bewildering in the least. BizNews founder Alec Hogg makes sense of this digital movement with Invest Africa chairman Rob Hersov and Josh Minsk, COO of Momint. Hersov invested $50,000 into the local NFT-backed social media…
Apr 19, 2021 (The Expresswire) -- According to 360 Research Reports, the “Microwave Power Transmission System Market" 2021 by Types (Induction, Magnetic Resonance), Application (Standalone Chargers, Automotive (In Vehicle), Electric Vehicle Charging, Furniture, Industrial) and Region - Global Forecast to 2025", is anticipated to rise at a considerable rate during the forecast period, between 2020…
Pfizer Backed Down From Demand That Was ‘Risk’ to South AfricaBy Antony Sguazzin and Paul Vecchiatto(Bloomberg) – Deliveries of Pfizer Inc.’s Covid-19 vaccine to South Africa were delayed by demands from the US drugmaker that determine the guarantees needed to indemnify the company from any negative effects from the shots.The condition was resisted by the…
Companies Tuesday April 20 2021 Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA By PATRICK ALUSHULA More by this Author Summary Safaricom in February announced its first ever interim dividend of Sh0.45, more than three months after announcing a six percent drop in profit, pounded by the impact of the coronavirus crisis.People familiar…
Author of the article: HONG KONG — Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2%, swinging into positive territory after…
Author of the article: Reuters Jessica Jaganathan SINGAPORE — Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery rose by 29 cents,…
Author of the article: Bloomberg News Bloomberg News Bloomberg News (Bloomberg) — The aggressive rebound in global economic growth still isn’t enough for most of the world’s central banks to pull back on their emergency stimulus. In Bloomberg’s quarterly review of monetary policy covering 90% of the world economy, the Federal Reserve, European Central Bank…
Author of the article: HOUSTON — Exxon Mobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico. The plan would require “$100 billion or more” from companies and government agencies to store…
South Africa’s health regulator asked the government to lift the pause on administering the J&J Covid-19 vaccine provided certain conditions are met.South African regulator recommends lifting J&J vaccine banBy Felix Njini(Bloomberg) – South Africa’s health regulator asked the government to lift the pause on administering Johnson & Johnson’s Covid-19 vaccine provided certain conditions are met.“These…
Author of the article: Bloomberg News Bloomberg News (Bloomberg) — China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at China’s 2021 Auto Show,…
PARIS: The global Covid-19 death toll passed three million on Saturday as the pandemic continues to speed up despite vaccination campaigns, leading countries like India to impose new lockdowns to fight spiralling infection numbers. It is the latest grim milestone after the novel coronavirus surfaced in central China in December 2019 and went on to…
Joining Carrie Adams in her naughty corner this week is Wikus Human, a young sommelier who our wine queen describes as “very talented and making a huge name for himself, through sheer hard work and a long love affair with wine”. Wikus joins Carrie to discuss all things wine. – Jarryd NevesWikus Human on his…
Author of the article: MILAN — Andrea Orcel will fulfill his dream of becoming a bank boss on Thursday when UniCredit investors back the veteran dealmaker as chief executive, but disquiet over his pay, among the highest for a banker in Europe, means his tenure begins on the defensive. Orcel only narrowly defeated a shareholder…
Author of the article: Reuters Thyagaraju Adinarayan LONDON — Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary. A chunky $168 million of Coinbase shares were added to its flagship ARK Innovation fund,…
/EIN News/ — Highlights: Strategic Review Committee has commenced process of rightsizing headcount for immediate cost reductions, reducing annual operating expenses by approximately $2 million, excluding restructuring charges. The Company maintains a strong liquidity position with approximately $23.5 million in cash and cash equivalents as of March 31, 2021 with a $100 million base shelf…
Commodities Thursday April 15 2021 A woman plucks tea leaves at a farm. FILE PHOTO | NMG By GERALD ANDAE More by this Author Summary Farmers attached to Kenya Tea Development Agency (KTDA) will receive Sh734 million this week as dividends from the seven subsidiaries of the firm.The dividend payout relating to the financial year…
The Covid-19 vaccine rollout has been painfully slow thus far, with the government missing its own inoculation goals within the first month. Commentators have pointed out that the Government’s desire to control every aspect of the vaccination programme has severely hobbled its progress. According to the health working group B4SA‘s latest update, this situation will…
Sasol, a top emitter of greenhouse gases in South Africa, is working toward a 2030 target to reduce emissions from its operations by at least 10% from 2017 levels. By Paul Burkhardt and Felix Njini(Bloomberg) – Sasol plans to develop the use of green hydrogen by fuel cell vehicles on a major South African freight route…
Former intelligence minister David Mahlobo is facing a police investigation over illegal spying activities on critics of former president Jacob Zuma. A former State Security Agency (SSA) operative’s affidavit named more than three dozen high-profile figures who were under surveillance on former president Jacob Zuma‘s instruction through high-tech equipment provided by the Russians. Among them…
One of South Africa’s most senior judges, John Hlophe, Western Cape judge president, has been accused of, among other things, moonlighting, tax evasion, racism and an allegation that he tried to sway a Constitutional Court judgement in favour of former president Jacob Zuma. Over the weekend, Hlophe was found guilty of impeachable conduct by a…
South Africa’s political landscape is unique and complex, underpinned by a history of racial inequality and discrimination. The idealism of a ‘Rainbow Nation’ is held aloft whenever a politician needs to tug at the heartstrings of South Africans. The reality is far removed. The wrong word, uttered by the wrong person is quickly churned into…
Author of the article: TOKYO — Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that KKR & Co and Brookfield are also planning offers. Satoshi Tsunakawa, who previously led the company before Kurumatani and until Wednesday…
Author of the article: Bloomberg News Dinesh Nair and Matthew Martin By Dinesh Nair and Matthew Martin (Bloomberg) — Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom. But the country…
Author of the article: Reuters Aaron Sheldrick and Yuka Obayashi TOKYO — Japan’s Nuclear Regulation Authority (NRA) said on Wednesday that Tokyo Electric Power Co (Tepco), operator of the wrecked Fukushima Daiichi nuclear plant, will be prevented from restarting its only operable atomic power station after safety breaches at the facility were uncovered last year.…
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