Tag: billion
Microsoft set to buy AI speech company for US$16 billion
Bill Gates’ Microsoft has reportedly entered discussions to acquire AI speech recognition specialist company, Nuance Communications for an estimated US$16 billion.
Nuance Communications is the...
Dutch telecom giant, KPN in line for US$15 billion sale
Reports have it that Dutch telecoms giant KPN is on sale for over US$15 billion and two private equity companies are reportedly teaming up...
German arms exports to the Middle East worth over a billion in 2020
dpa/GNA - The German government has approved arms exports worth more than a billion euros in 2020 to countries involved in conflict in...
Malawi 2020/2021 budget at 2.9 billion USD
Malawi Finance Minister Felix Mlusu presented a 2.9 billion U.S. dollars budget on Friday for the country's 2020/2021 Financial Year, with the education sector...
Removing Huawei and ZTE from US will cost US$1.8 billion – Regulator
US tech industry regulator, Federal Communications Commission (FCC) has said that removing Huawei and ZTE tech equipment from the United States will cost small...
Egypt pays off US$6.8 billion in debt in first quarter – central bank
The Central Bank of Egypt (CBE) said on Tuesday that the country paid off 6.8 billion U.S. dollars in debt during the first quarter...
COVID-19 crisis lifts Kenya’s mobile money usage to US$4.2 billion a month
Kenyans transacted a record 450.9 billion shillings (4.18 billion U.S. dollars) on mobile phone in July, with the usage boosted by increased uptake of...
Samsung sells its LCD plant in China to TCL for US$1.8 billion
Samsung Display has sold its LCD plant in Suzhou, China, insiders reveal. The main buyer is the local company CSOT which is owned by...
Aussie national airline Qantas reports US$2.8 billion revenue hit
Australia's national airline Qantas reported a 2.8 billion U.S. dollar revenue hit for the second half of the 2020 financial year on Thursday due...
Apple becomes first U.S. company to hit US$2 trillion market cap
Apple hit a market capitalization of 2 trillion U.S. dollars on Wednesday to become the first publicly traded U.S. company to reach the milestone.
...
MTN Ghana Settles Taxes Totaling Gh₵1.5 Billion
Telecoms giant, MTN Ghana, last year, paid a total of GHC1.48 billion in taxes, out of which, GHC1.3 billion went to the Ghana Revenue...
GCFM Allays the Fears of Clients
Gold Coast Fund Management (GCFM), on Monday, said it has invested more than two billion Ghana Cedis in infrastructure and commercial projects for the...
6th EU-Africa Business Forum opens in Abidjan
The 6th EU-Africa Business Forum opened in Abidjan, Côte d’Ivoire, on Monday, with an emphasis on job creation and investment in millions of young...
Graduates Advised To Avoid Procrastinating Their Goals
Mr Matthew Boadu Adjei, founder of Oasis Capital Ghana Limited, has advised graduates of the University of Ghana, Legon, to be confident, and avoid...
Finance Minister Moves Parliament To Approve Financial Policy
“Rt. Hon. Speaker, Honourable Members of Parliament, on the authority of the President of the Republic, Nana Addo Dankwa Akufo-Addo, I beg to move...
Ghana’ President Cuts Sod For Construction Of Power Plant
President Nana Addo Dankwa Akufo--Addo on Thursday cut the sod for the commencement of the construction of a 400-megawatt power plant expected to address...
Goldfields Settles Its Taxes of 0.5 Billion Cedis for 2016
Goldfields Ghana Limited has emerged as the largest taxpayer for the government of Ghana in 2016.The mining firm paid 501 million cedis (0.5 billion...
Akufo-Addo Ponders Over Energy Sector’s $2.4 Billion Debt
President Nana Addo Dankwa Akufo-Addo has revealed that the previous Mahama-led administration has left behind a heavily indebted energy sector.
He said as of December...
Bawumia Confused Over GHC 7 Billion Expenditure Claim – Minority
The Minority in Parliament has watered down suggestions by Vice President Mahamudu Bawumia that the previous government failed to account for GHC 7 billion...
Market Value of Microsoft Up At US $500 Billion
Microsoft Corp’s (MSFT.O) market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another...
Apple files US$1 billion lawsuit against Qualcomm
Apple iPhone 7 mobile phones are seen at the Apple store.
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday,...
Man returns 1.2 billion yuan mistakenly sent by bank
A man in Changsha, central China's Hunan province has returned about 1.2 billion yuan (175 million USD) mistakenly sent by a bank, Beijing Youth...
Govt to Issue Debt Securities Worth 17.4 Billion Cedis
Government will in the first quarter of 2017, borrow 17,400.00 million cedis through bonds and treasury bills and other government securities.The cash will be...
Franklin Cudjoe Says Ghana Needs US $2 billion to Resuscitate Railways
President of Policy think tank IMANI Ghana, Franklin Cudjoe has said that President Nana Akufo-Addo needs about $2 billion to revive the country’s rail...
George Lucas Agrees to Site $1 billion ‘Star Wars’Museum in LA
“Star Wars” filmmaker George Lucas has settled on Los Angeles for the home of his $1 billion storytelling museum, after pulling the project from...
Railroads forecast to top 3 billion trips in 2017
China's railways are forecast to handle 3.025 billion passenger trips in 2017, China Railway Corp said on Tuesday during its annual meeting in Beijing.
Vegetable...
More Than 1 Billion Yahoo User Accounts Breach
Tech giant Yahoo on Wednesday announced what could be the largest computer hacking in history -- the breach of more than 1 billion user...
Petrofac Earns Contract To Expand Facility At Southern Iraqi Port
British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a...
NPP will acquire $1.6m solely for development purposes
Dr Mahamudu Bawumia, the running mate of the flag bearer of the Party, said one million dollars of the amount would be distributed annually...
Trade between Ghana and China hits $ 2.4 billion
He said in 2015 the trade volume between the two countries reached $6.6 billion.
Although the general trade by 18 per cent in 2015...