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Kenya sells first ever mobile government bonds

Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects.

dateMar 23, 2017 in Business
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Laptop ban creates turbulence for airline profits

A carry-on ban by Washington and London for laptops on flights from some airports will hit the profits of affected airlines, especially the lucrative business class segments of Gulf carriers, analysts said Thursday.

dateMar 23, 2017 in Business
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Taxi-hailing app Grab hits the road in Myanmar

Ride-hailing firm Grab launched a trial service in Yangon on Tuesday, becoming the first international company to enter Myanmar and stealing a march on fierce rival Uber in the largely untapped market.

dateMar 21, 2017 in Business
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S&P cuts troubled Toshiba's credit rating

Standard & Poor's cut its credit rating on Toshiba again Friday, warning that the troubled company's finances were quickly deteriorating owing to huge losses at its US nuclear unit.

dateMar 17, 2017 in Business
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Yahoo names post-spinoff management team

Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed.

A look at some Israeli high-tech successes

Intel announced Monday it will spend more than $15 billion to acquire Mobileye, an Israeli company that develops technology that essentially gives computers a sense of their physical surroundings—the largest high-tech acquisition ...

Volkswagen pleads guilty in US diesel emissions scandal

Volkswagen pleaded guilty Friday to conspiracy and obstruction of justice in a brazen scheme to get around U.S. pollution rules on nearly 600,000 diesel vehicles by using software to suppress emissions of nitrogen oxide during ...

BT Group agrees to separate broadband unit

British telecoms giant BT Group has agreed to legally separate its broadband unit Openreach to remedy concerns over competition in the sector, the company announced Friday.

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