Construction Work Starts At ‘World’s Largest Offshore Wind Farm’ That Could Power 4.5 million Homes Construction work for a huge offshore wind farm in the North Sea is underway. In an announcement Friday, energy firm SSE said that onshore work for the 3.6 gigawatt (GW) Dogger Bank Wind Farms project had begun […]
Louis Vuitton Eyes Top-Five Jewelry Position, Buys $16.2 billion Sewelo Diamond, Second-Biggest Rough Diamond Ever In a surprise move that points to an increased focus on the jewelry business, the luxury fashion giant has bought the Sewelo diamond. Could Louis Vuitton be about to trade fine leather for fine jewelry […]
Bernad Arnault Gains $1.9 billion To Become Worlds Richest Person Again: Full List Bernard Arnault, chairman and CEO of luxury goods brand LVMH, has overtaken Amazon CEO, Jeff Bezos to become the world’s richiest person the second time, Forbes reveals. According to Forbes’ Real-Time Billionaires List, the French businessman added an […]
Jeff Bezos Loses $760 million As Bernard Arnault Becomes The Worlds Richest Person Jeff Bezos is no longer the world’s richest person — for now, at least. The ecommerce titan’s net worth slid by $760 million to $115.6 billion as Amazon shares dipped 0.7% today. The nine-figure drop may be […]
Africa’s Richest People – And The Tycoon Who Lost Half His Fortune All it took was a new currency in Zimbabwe to wipe out half of Strive Masiyiwa’s net worth. The country’s only billionaire, Masiyiwa built a fortune primarily in telecom. He owns large stakes in two companies that trade on Zimbabwe’s […]
Microsoft Shakes Up The Web Browser With The All-New Edge Microsoft made an announcement that sent shockwaves around the Web. The company was tearing down the Edge browser and rebuilding it from the ground up. Now, there’s an all-new Microsoft Edge browser that you can download on your PC, Mac, […]
FBI Reveals How Brothers Built A $2.8 Million Dark Web Drug Empire With Help From Mom’s Amazon Two brothers have been charged with running a six-year dark Web drug-dealing operation under the name Pill Cosby, laundering $2.8 million in the process, according to a federal indictment. And Forbes has discovered that investigators […]
How Visa Acquired Fintech Startup Plaid For $5.3 Billion Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users’ bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year. The eight-year-old San Francisco company last raised funding […]
Mompha Hid N32.9b Transactions From Government For 25 Months – EFCC At the resumed trial of Dubai-based Nigerian man Ismaila Mustapha a.k.a Mompha on Wednesday January 15, it was alleged that he hid N32.9billion transactions from the Special Control Unit Against Money Laundering (SCUML) for 25 months. EFCC accused the […]
China Pledges To Buy $200 Billion Of American Goods Under Phase One Trade Deal With the Phase One trade deal signing scheduled for tomorrow, new details have emerged about China’s pledge to significantly ramp up purchases of U.S. exports including manufactured goods, food, farm products, energy and services, sources told Reuters. The […]
China Discovers Underwater Spy Drones In Its Waters The secretive world of naval underwater surveys rarely breaks the surface. Now recent events are briefly shining a light into the darkness. In the Adriatic a Croatian fishing vessel caught one of the U.S. Navy’s undersea sensor systems last week. That mysterious object has largely […]
Jeff Bezos To Invest $1 Billion In India As Negative Sentiment Grows Towards The E-Commerce Retailer Dressed in a traditional Nehru jacket, Amazon founder and chief executive Jeff Bezos said on Wednesday from New Delhi that his e-commerce behemoth will invest $1 billion to bring small and medium businesses in […]