UK’s data protection watchdog has ordered handing over of all information that Cambridge Analytica has about the US citizen David Carroll. A demand to know the information that the analytic firm has on the U.S. citizen was put forward by Prof Carroll in a legal action which is the source of the data demand. Cambridge…
The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…
Although Cognizant reported a revenue rise of 10%, its net income for the first quarter fell to $520 million compared to $557 million from a year ago. On Monday, Cognizant Technology Solutions Corp, an IT services company, stated, its revenues have risen by 10% stemming from higher spending by clients in the healthcare and financial…
Egypt has been identified as the world’s third fastest growing economy – trailing only India and Uganda, by a recent Harvard report. The annual economic growth of Egypt is expected to reach 6.63 percent by 2026 according to the Global Growth Projections report unveiled by the Center for International Development (CID) at Harvard University. Uganda…
Following the rejection of a new pay deal by the French staff at Air France-KLM, its chief Jean-Marc Janaillac has announced his resignation form the strike-hit airline. “I accept the consequences of this vote and will tender my resignation to the boards of Air France and Air France-KLM in coming days,” he said. A new…
Warnings about the “nightmare” related to the changes in the new accounting rules have been issued earlier by Warren Buffett. And now it’s beginning. In the first quarter a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. was reported by the Omaha, Nebraska-based company mainly because of the rules the mandate reporting of unrealized gains…
The owner of British Airways has been snubbed by a new upstart airline – and not once but twice. There had been two occasions that IAG, the parent company of British Airways, had presented offers to buy out the newly set up Norwegian Air Shuttle. However, it had been refused the deal on both the…
Anheuser-Busch, the largest beer manufacturers in the world has reportedly placed order for “up to 800” electric trucks with Nikola Motor Co. – a Arizona-based electric truck producer, the auto manufacturer announced recently. Nikola said that the 2019 Consumer Electronics Show would be the occasion when it would unveil its a final production version of…
Adidas, one of the largest manufacturers of sports apparel in the world beat rivals Nike and Under Armour on their home turf in North America as the company reported another consecutive quarter of double-digit sales growth for the region. There was a 21 per cent growth in the sales of the company in the region for the first…
The deal essentially acts as a point of entry for Wal-Mart into India’s highly competitive e-commerce market. Flipkart and Wal-Mart can finally level the playing field against Amazon.com, the world’s biggest online retailer. On Friday, as per a Bloomberg report citing anonymous sources, Indian e-commerce giant Flipkart has agreed to sell an a 75% equity…
