Tech

Paul de Leusse is the new CEO of Orange Bank
Tech

Paul de Leusse is the new CEO of Orange Bank

Orange Bank’s Board of Directors has appointed Paul de Leusse to succeed André Coisne as Chief Executive Officer of Orange Bank. The company said Paul de Leusse will be in the new role alongside his role as the Orange Group’s Deputy Chief Executive Officer in charge of mobile financial services. […]

Millicom acquires 80% stake in Cable Onda
Tech

Millicom acquires 80% stake in Cable Onda

Millicom said it is acquiring a controlling 80% stake in Cable Onda. Cable Onda is the largest cable and fixed telecommunications services provider in Panama, Latin America’s fastest-growing economy. The transaction values 100% of Cable Onda at an enterprise value of $1,460 million, with a cash consideration of approximately $1,002 […]

Medici Ventures buys stake in VinX
Tech

Medici Ventures buys stake in VinX

Overstock’s subsidiary, Medici Ventures said it has invested in VinX. VinX is an Israel-based company developing a blockchain platform to streamline wine futures trading while reducing fraud through secure supply-chain tracking from product provenance. VinX plans to create a token-based digital wine futures platform based on the Bordeaux futures model […]

KKR, Tencent invests $175 million in Voyager Innovations
Tech

KKR, Tencent invests $175 million in Voyager Innovations

KKR and Tencent Holdings Ltd., have bought up to US$175 million worth of newly-issued shares in Voyager Innovations. The investment will give both companies a substantial minority stake in the Philippines’digital technology company. Upon the closing of the transaction, which is expected within the fourth quarter of 2018, PLDT will […]

Sharp completes acquisition of Toshiba PC Unit
Tech

Sharp completes acquisition of Toshiba PC Unit

Toshiba Client Solutions (TCS) has become a member of Sharp group, following the completion of the transfer of 80.1% of its stock from Toshiba Corporation to Sharp Corporation. Closure of the transaction follows an announcement by Toshiba and Sharp on June 5 this year, and positions TCS to make a […]

Elon Musk comes under fire as SEC sues him for fraud
Tech

Elon Musk comes under fire as SEC sues him for fraud

The founder of Tesla, the world’s largest electric car maker, Elon Musk, has been sued for fraud by the US Securities and Exchange Commission. The SEC has accused Musk of fraud because of his “false and misleading” tweets about potentially taking Tesla private last month. It would be recalled that […]

Daimler appoints Ola Kallenius as Chairman
Tech

Daimler appoints Ola Kallenius as Chairman

Owners of Mercedes Benz, Daimler said its Supervisory Board has decided to appoint Ola Kallenius for a new term of five years as Chairman of the Board of Management. Daimler said in a statement that his appointment will be effective in direct connection, and also to appoint him as the […]

BRIEF: Keith Enright to head privacy at Google
Tech

BRIEF: Keith Enright to head privacy at Google

Alphabet’s Inc., Google said it has appointed Keith Enright as the head of its privacy regulation desk. The tech giant appointed Ken Enright in its bid to align with federal regulation of data and user privacy regulations. Ken said in a statement that: “My team’s goal is to help you […]

This is not a movie
Tech

This is not a movie

As time passes, we are moving towards the edge of tomorrow. Our push for the cutting edge in technological innovation has pushed mankind beyond expectations. Aside Blockchain and Bitcoin and its zigzag valuation, you might have seen and heard artificial intelligence (AI), a buzzword being bandied around by believers and […]