Recent Posts

Samsung targets 10% revenue growth in Africa

Bloomberg Samsung Electronics Co. is targeting an annual 10 percent increase in revenue from Africa over the next decade, even as competition from cheaper consumer devices intensifies. The South Korean company will concentrate on key markets including South Africa, Kenya, Nigeria, Ghana and Senegal, according to Africa Chief Executive Officer Sung Yoon. The more mature of those markets are expanding ...

Read More »

The $40bn wealth gap that divides India’s richest brothers

Bloomberg Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart — to about $40 billion apart. Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance Industries Ltd. into the $100 billion club. ...

Read More »

US charges Russian with midterm vote meddling

Bloomberg The US charged a Russian woman with conspiring to interfere in both the 2016 and 2018 elections, marking the first criminal charges related to next month’s congressional midterm vote. Elena Alekseevna Khusy-aynova of St. Petersburg, allegedly served as the chief accountant for an operation known as “Project Lakhta,” the Justice Department said in a statement. The department identified the ...

Read More »
Send this to a friend