SoftBank Corp. Invests in Cubic Telecom to Pioneer the Future of Software-Defined Connected Vehicles and IoT Assets Globally

SoftBank Corp., a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd., a leading global provider of software-defined connected vehicle1 solutions headquartered in Dublin, today announced they signed a definitive agreement whereby SoftBank will invest approximately €473 million2 in Cubic Telecom for a 51.0% equity stake3 in the…

Inflation cools to 4.1% in November

By Keisha B. Ta-asan, Reporter HEADLINE INFLATION cooled to its slowest pace in 20 months in November amid easing prices of food as well as restaurant and accommodation services, the Philippine Statistics Authority (PSA) said on Tuesday. Preliminary data from the PSA showed headline inflation climbed 4.1% in November, slower…

Daniel Ngumy’s touch from God’s hand

Profiles Daniel Ngumy’s touch from God’s hand Tuesday December 05 2023 ALN Kenya managing Partner Daniel Ngumy during the interview at his office in Nairobi on November 29, 2023. PHOTO | LUCY WANJIRU | NMG He may be intimidating at first instance with his looming frame, but he is gentle,…

What is the budget dispute about?

Shortly after the outbreak of war, when it became clear that we were at the beginning of a campaign that would have huge economic consequences, the government said that it would revise the 2023-2024 budget to take account of it. This week, however, following the approval of the revised…

European luxury property group Signa files for administration

Signa Holding, the central company in the sprawling property group that owns half of New York’s Chrysler Building, almost all of Germany’s biggest department stores and part of Selfridges in London, filed for administration on Wednesday. The rapid unravelling of the group has left lenders across Europe racing to assess…

Flutterwave IPO hunt ignites review of listed African pioneers

In 2021, soon after Flutterwave raised $170 million, an excited Olugbenga Agboola, its founder and CEO, informed Reuters that the company “may consider the possibility of listing in New York or a possible dual listing in New York and Nigeria.” Since then, at nearly every step the company has been…