Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit Oracle reported fiscal third-quarter earnings on Thursday that trailed analysts’ expectations. The stock initially slid 6% in extended trading before rebounding. Here’s how the Oracle did: Earnings: $1.13 per share, adjusted, vs. $1.18 per share as expected by analysts, according to Refinitiv. Revenue: $10.51 billion, vs. $10.51 billion as expected by analysts, according to Refinitiv. Oracle’s revenue increased 4% from a year earlier in the quarter, which ended Feb. 28, according to a statement. Net income declined 54% to $2.32…

Read More

TikTok granted a 7-Day deadline extension

TikTok granted a 7-Day deadline extension The Trump administration has given Byte Dance, TikTok’s owner another week to complete a sale of its popular video-sharing app. This is in regards to resolving U.S. national security concerns raised earlier in the year. The deadline extension The new extended deadline is Dec. 4. The popular app fate was caught up for months in U.S. President Donald Trump’s crackdown on Chinese technology companies. The app has more than 100 million downloads in the United States. The administration claims that American’s private data was…

Read More

Future Jobs to look out for in the coming years.

Future Jobs to look out for in the coming years. Technology is day by day becoming the way of life for each and every one of us. This is going to affect the employment industry in the near future. We cannot simply dare to escape its existence, growth, and interruption in our lives are bound to increase. This applies to our sources of income, and our daily jobs which have been fully revolutionized by technology. Most jobs that were manually done by hand have been replaced by machines reducing the…

Read More

Bolt ventures into food delivery business

Bolt Food

Bolt ventures into the food delivery business Bolt, a Taxi-hailing service is venturing into the food delivery business in Kenya targeting alternative revenue streams as the market has seen reduced mobility in the wake of Covid-19 restrictions. Bolt advertised the position of Country Manager for its food delivery arm in Kenya signaling the beginning of operations towards the end of the year. “We’re already present in 30+ markets across Europe and Africa. Now, it’s time for us to bring the know-how around building a mobility platform to the food delivery…

Read More

CBK Proposes law for mobile loan apps

MTN Rwanda

CBK Proposes law for mobile loan apps Digital app lending companies operating in Kenya are set up for a shake-up after the country’s central bank proposed new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices. If approved, digital lenders will require approval from the central bank to increase lending rates or launch new products. The move comes in the wake of mounting concern about the scale of predatory lending given the proliferation of startups offering…

Read More

Telkom Kenya cancels merge with Bharti Airtel

Telkom Kenya

Telkom Kenya cancels merge with Bharti Airtel Telkom Kenya said on Wednesday it was no longer looking to merge its business with the Kenyan unit of India’s Bharti Airtel, citing challenges in securing the required regulatory approvals for the deal reports Reuters. Bharti Airtel had said in February 2019 that its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation’s smallest operator in which the state still has a 40% shareholding after a majority stake was sold in 2007. The deal, whose terms have never…

Read More

Microsoft to continue exploring potential Tiktok deal

Microsoft to continue exploring potential Tiktok deal Last Friday, reports emerged that Microsoft was in talks to purchase TikTok from the Beijing-based company ByteDance. The same day, Trump mentioned plans to ban the social media platform from operating in the U.S. This Sunday, Microsoft said in a statement that it is moving forward with talks to buy TikTok after speaking with President Trump, who has threatened to ban the popular video app in the U.S. “Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring…

Read More

‘Buy on Google’ is now running commission-free

Buy on Google ,Commission feesgoogle waive

‘Buy on Google’ is now running commission-free Google is making it free for retailers to sell products in search results by waiving Commission fees for sales made via the ‘Buy on Google’ option. ‘Buy on Google’ is a payment option that lets customers buy products without leaving Google search results. The option to buy products directly on Google is made available to customers when they click on shopping listings in search results. Like other online payment providers, Google has always charged a commission fee for sales made through its platform.…

Read More

Venture Vaya Africa, launches an electric taxi service

Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent.

Venture Vaya Africa, launches an electric taxi service Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. Vaya Africa, a company registered in Mauritius, responsible for the transport of people and goods in Africa and the generation of adjacent revenues in this sector, launched a new product on the Zimbabwean market. It is the electric vehicle called “Vaya Electric”. The South African headquarters of Vaya Africa has acquired a…

Read More

Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon is making strides into developing its own self-driving vehicles, agreeing to buy Californian start-up Zoox in a deal said to be worth more than $1bn (£810m). The takeover was first reported by tech website The Information and was later confirmed by Amazon.  Talks were said to have started between the two companies last month. Zoox’s chief executive Aicha Evans and chief technology officer Jesse Levinson will continue to lead the team as a standalone business after the deal has completed, Amazon said. The takeover is believed to be part of Amazon’s plans to begin…

Read More