The Japanese conglomerate Toshiba has received a buyout offer from a private British equity fund in a deal worth $20bn. When the scandal-hit firm revealed the bid by CVC Capital Partners, its shares were temporarily halted on Tokyo’s stock exchange. In the United States, however, Toshiba’s listed shares skyrocketed almost by 20% after they revealed the bid. Toshiba will now ...

A pilot flying an Ethiopian Airlines cargo plane from Addis Ababa accidentally landed it at a Zambian airport that is still under construction. The plane landed on Sunday at the airport in Zambia’s northern Copperbelt province. Simon Mwansa Kapwepwe International Airport located about 9 miles from where the plane landed is currently serving the province. The transport ministry’s permanent secretary, ...

Frank Gashumba has warned Marcus Lwanga, aka God’s Plan, to get back with his daughter Sheilah Gashumba. He said there were only two options for God’s Plan. One is either to get back with his daughter or be dragged back to UK jail. Many things happened silently during the lockdown and especially the peak of the pandemic but the unmasking ...

Earlier today, LG Electronics said it would close down its smartphone business that has only amounted to more losses than profits. In January, the South Korean tech giant said it looked at all options for the division after six years of losses totalling $4.5bn. The company had made large innovations in terms of smartphone development, some of them including ultra-wide-angle ...

President Alberto Fernandez earlier on Saturday announced on Twitter that he tested positive for Covid19. ‘’I wanted to tell you that after presenting a fever record of 37.3 degrees Celsius and a slight headache, I performed a test whose results was positive,’’ said the president. Alberto Fernandez just turned 62 on Friday and he said that although he is awaiting ...