Kenyan banks want to take on Safaricom’s M-Pesa and other players

“If you cannot beat ’em, be part of ’em” is the strategy taken by conventional banks in Kenya attempting to seize a bigger chunk of the cell cash market dominated by Safaricom’s M-Pesa service. Because of its widespread adoption by small companies and people in Kenya, Tanzania, Mozambique, DR Congo, Lesotho, Ghana and Egypt, M-Pesa … Read more

SoundHound is laying off half its staff and offering “pathetic” severance pay

screenshot: https://www.soundhound.com/ SoundHound, a speech AI firm, laid off virtually half of its remaining workforce — about 200 workers — as a part of a significant company-wide downsizing final week, based on three workers who misplaced their jobs and an e-mail from the CEO that was considered by Gizmodo. Additionally, the previous SoundHound workers are … Read more

Musk’s trial for 2018 tweets about Tesla privatization begins

Using into the courthouse like…picture: swimming pool / swimming pool (Getty Photos) 4 years earlier than Elon Musk purchased and privatized Twitter, he claimed he would put his electrical automobile maker, Tesla, on that path. The second richest man on the planet is now going through his time in court docket for these claims. On … Read more

LVMH CEO Bernard Arnault’s daughter, Delphine Arnault, appointed Christian Dior Couture as CEO

Step into greater footwear.photograph: Francois Durand / Stringer (Getty Photographs) Bernard Arnault, chairman and CEO of the luxurious group LVMH, entrusts his daughter with the administration of Christian Dior Couture. Efficient February 1, Delphine Arnault, 47, who has served as Louis Vuitton’s govt vp since 2013, will take the reins at LVMH second largest modelthe … Read more

Climate gentrification is coming to hurricane-ravaged Florida

Boats litter a canal residence on Sanibel Island, Florida on October 1, 2022 after Hurricane Ian. picture: Sean Rayford/ (Getty Photos) You would possibly count on actual property costs to fall in an space not too long ago devastated by a hurricane, However a brand new examine finds the alternative is true, and post-storm value … Read more

How much tax should the rich pay to fight poverty and hunger?

Among the richest and strongest folks on the planet attend the World Financial Discussion boardphotograph: Arnd Wiegman (Reuters) We hear loads in regards to the richest 1% on the planet, however how massive is the inequality hole and the way can or not it’s bridged? In a brand new report, British charity Oxfam tried to … Read more

Twitter’s auction reduces clutter at its San Francisco headquarters

Public sale gadgets should be picked up at Twitter headquarters.photograph: Justin Sullivan (Getty Photos) Twitter has auctioned off a whole lot of “surplus” gadgets from its company headquarters. The bidding for the greater than 631 gadgets, together with high-performance kitchen home equipment, electronics, furnishings and extra, begins on January 17 at 7 p.m. auctioneer World … Read more

Earnings from America’s largest banks are likely to disappoint

Banks usually are not so optimistic about their prospects.picture: Spencer Platt (Getty Photographs) The monetary world is anticipating a report earnings day on Friday (January 13) – however based mostly solely on the variety of banks reporting earnings – the outcomes they’re set to launch usually are not trying rosy. Analysts’ expectations for 4 of … Read more