Business

Afrexim Signs $1bn Deal With Dangote

BEVERLY HILLS, July 3, (THEWILL) - The African Export Import, AFREXIM, Bank has signed a $1billion memorandum of understanding, MoU, with the Dangote Group of Companies as part of its bid to expand businesses in Africa through disbursement of N9...

Exclusive: Dropbox Seeks To Hire IPO Underwriters – Sources

Data-sharing business Dropbox Inc is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest U.S. technology company to go public since Snap Inc (SNAP.N), people familiar with...

Big Pharma Turns To AI To Speed Drug Discovery, GSK Signs Deal

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The world's leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday. Other pharmaceutical giants including Merck & Co, Johnson...

U.S. Warns Businesses Of Hacking Campaign Against Nuclear, Energy Firms

The U.S government warned industrial firms this week about a hacking campaign targeting the nuclear and energy sectors, the latest event to highlight the power industry's vulnerability to cyber attacks. Since at least May, hackers used tainted "phishing" emails to...

EU Slams $2.7b Fine On Google

SAN FRANCISCO, June 27, (THEWILL) - Google, a unit of Alphabet, the world’s leading technology company, has been slammed a record $2.7 billion fine by Europe’s anti-trust agency. The fine signalled a tough stance by the agency in the first...

Charter, Comcast Explore Wireless Partnership With Sprint: Sources

U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter. Sprint, controlled by Japan's SoftBank Group...

With Alphabet, Google Faces A Daunting Challenge: Organizing Itself

Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself. Nearly two years ago, Google co-founder Larry Page announced the...

Apple CEO Touts India Impact In Push For Deeper Market Access

Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United...

Oil Up On Weaker Dollar, Supply Glut Caps Gain

Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains. Brent crude futures LCOc1, the international benchmark for oil prices, had gained 25...

Forex: CBN Boosts Markets With $240m

BEVERLY HILLS, June 23, (THEWILL) - In the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of Nigeria (CBN) on...