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Elon Musk disclosed on Monday that he had bought a 9.2% passive stake in Twitter Inc. Musk holds 73,486,938 shares of common stock in his personal capacity, according to a regulatory filing. This makes him Twitter’s largest shareholder. As a passive investor, Musk typically should not play an active part in running the company. However, […]
The American Billionaire Jeff Bezos to fly on the first crewed space flight to outer space with his brother Mark from the rocket company Blue Origin Next month. This comes after billionaire Jeff Bezos steps down as the Chief Executive Officer of Amazon the multinational technology company. Jeff Bezos will join his brother Mark Bezos […]
Nagad, locally developed platform, surprised the fintech world through ground-breaking service Forty million users in just two years! Starting from idea to scratch, currently Nagad became the fastest-growing mobile financial service in the world, helping the marginalized people to get financially included, a biggest step to the digital divide reduction for the nation. Since its […]
The President of United States (U.S.), Joe Biden is planning for a new economic package of $3 trillion to boost the economy, infrastructure and domestic needs. This package also includes in narrowing down the economic inequality, reducing carbon emissions with giant infrastructure plan that may be financed in part through tax increases on corporations. After […]
Elon Musk , the founder, CEO and chief designer of SpaceX is trying to build a new city called Starbase in Texas. The SpaceX founder, Elon Musk had tweeted “creating the city of Starbase, Texas.” SpaceX’s Texas facilities are located in Boca Chica Village a town on the state’s Southern tip near Brownsville. Since 2014 […]
The American business magnate and philanthropist Bill Gates worries that manufacturing could wane climate goals , he believes that there is currently no way to make steel or cement without releasing climate warning emissions. Bill Gates says that neither investors nor governments are looking hard to solve that problem. That’s the sector that bothers me […]
The maritime Southeast Asian country Singapore, without the support measures by the government to squab the huge blow of COVID-19 pandemic, the economy would probably have contracted by twice. According to Ministry of Finance (MOF) The assessment of key COVID-19 budget measures found that the economy of Singapore could have depreciated by 12.4 per cent […]
Jeff Bezos, The founder of e-commerce giant Amazon is to step down as Chief Executive Officer as the company reported its third consecutive record profit and quarterly sales of $100 billion for the first time. Brian Olsavsky, the cheif financial officer of Amazon said Jeff is not leaving he will become executive chairman, so that […]
Bill Gates , the co-founder of Microsoft has warned that the upcoming pandemic could be 10 times worse and the humanity is not prepared for it. He also mentioned that people must learn a lesson from COVID-19. According to Gates, “we are not prepared for the next pandemic,” and he also hopes that the current […]
South Africa is to set about an ambitious economic reform agenda that has similarities with Saudi Arabia’s efforts to stimulate investments. South Africa President Cyril Ramaphosa last month revealed a plan that aims in helping the country recover from corona’s impact. This plan includes fast tracking projects and boost infrastructure spending. Like Saudi Arabia, South […]
Joe Biden, Democratic presidential candidate, expressed confidence that he will win the election. Joe Biden has enough states to win the election and reach the magic number of 270 electoral votes. Joe Biden expressed this statement when he was projected to win critical battleground states of Michigan and Wisconsin. Joe Biden holds low leads in […]
Wusool, a program for women, in the Kingdom to benefit more working women in their transportation has been updated. It is to help Saudi Arabia women in the private sector with transport cost. Wusool is backed by Saudi Human Resources Development Fund with the aim to cut cost of transportation for working women on their […]
