ABB said it is in close dialogue with SoftBank and the two firms are working on the transaction. Published Nov 05, 2026, 05:28 PM China’s state planner has told Japanese investor SoftBank it will not allow the US$5.4 billion (S$6.89 billion) acquisition of the…
Nigerian billionaire Aliko Dangote has launched a $2.5 billion fuel storage and pipeline project in Namibia aimed at supplying petroleum products across Southern Africa. Namibian President Netumbo Nandi-Ndaitwah officially unveiled the project on Wednesday at Farm 58 in Walvis Bay. The proposed…
Nigeria’s Dangote Group has held discussions with African stock exchanges on expanding access to the $1.6 billion Dangote Refinery Initial Public Offering (IPO) beyond the Nigerian market, although differences in regulatory requirements have presented challenges. Chief Executive Officer of Abidjan-based BRVM,…
Nigerian billionaire Aliko Dangote has launched a 2.5-billion-dollar fuel storage and regional pipeline project in Namibia’s Walvis Bay, in a move expected to strengthen fuel distribution and energy security across Southern Africa. The project is part of Dangote’s expanding energy…
Liang Wenfeng, founder of the Chinese frontier artificial intelligence lab DeepSeek, broke into the Hurun China Rich List for the first time, landing in seventh place with a fortune of US$41.7 billion (HK$325.26 billion). The global AI boom has pushed…
India's Mukesh Ambani saw his wealth surge, overtaking ByteDance founder Zhang Yiming to become Asia's richest person on Monday. According to Forbes' Real-Time Billionaires List on Thursday, Ambani's net worth rose to US$90.6 billion (HK$706.7 billion), ranking him 22nd globally and…
Nintendo reported a quarterly net profit drop and slower Switch 2 sales, yet maintained annual forecasts. Meanwhile, Sony upgraded its annual earnings thanks to strong game, music, and movie sales. TOKYO: Japanese gaming giant Nintendo reported a drop in quarterly net…
Missile War Monitor: More than 200 drones attack Russia's Ryazan region as Komyshuvakha toll rises to 40 Ukraine's PrivatBank wins final UK ruling on $3bn but still has to collect Ukraine's nuclear plants cut output as attacks on substations disrupt grid Baltic states,…
Kevin Hern is an American businessman and Republican politician who has a net worth of $175 million. After graduating from Arkansas Tech, Hern secured a job as an aerospace engineer with Rockwell International in Atlanta. His starting salary was $36,000 a year,…
Nigeria’s state-owned energy company is considering selling an initial stake of between 5% and 10%, potentially opening one of Africa’s most strategically important oil businesses to public investors. The Nigerian National Petroleum Company Limited plans to concentrate any initial public offering on…
Billionaire rankings from Forbes and Bloomberg, the richest people in the world, fortunes won and lost, and global tycoons such as Bernard Arnault, Aliko Dangote and Masayoshi Son.
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