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MARKETSCharted: Top Destinations for Africa’s Exports (1995-2020)Published 4 hours ago on June 26, 2023 By Sebastian Gräff green checkmark icon Featured Creator Article/Editing: Pallavi Rao Winner of the 2023 Creator Program Challenge. A sankey chart showing the top destinations for 25 years of Africa’s exports. Click to view this graphic in a higher-resolution Charted: Top Destinations for Africa’s Exports (1995-2020) Just under 30 years ago, exports originating...

Data Management Firm Databricks to Acquire AI Startup MosaicML for $1.3 Billion BY PYMNTS | JUNE 26, 2023 | Databricks is buying generative artificial intelligence (AI) startup MosaicML in a $1.3 billion deal. The acquisition is designed to meet the rapid demand among businesses for their own version of ChatGPT, The Wall Street Journal (WSJ) reported...

KPMG Cuts 5% of American Staff Amid ‘Economic Headwinds’ BY PYMNTS | JUNE 26, 2023 | KPMG In Canada Debuts Cloud Accounting Service For SMBs Accounting firm KPMG is letting go 5% of its American workforce. The cuts at KPMG — one of the “Big Four” consultants — will take place through the summer, a company spokesperson...

Meta Launches Subscription Service on Games for Virtual Reality Headsets BY PYMNTS | JUNE 26, 2023 | Meta Launches Subscription Service on Games for VR Headsets Meta has launched a new subscription service on games for its virtual reality (VR) headsets. The new Meta Quest+ provides two “handpicked” titles a month, Meta said in a Monday (June...

Odoo Receives $164 Million to Expand Business Software Suite Globally BY PYMNTS | JUNE 26, 2023 | Odoo Odoo has received a strategic investment of 150 million euros (about $164 million) to continue its global expansion. The Belgium-based provider of open-source integrated business software applications for small and medium-sized businesses (SMBs) received the investment from global growth...

Amazon Undertakes $7.8 Billion Expansion of Ohio Data Operations BY PYMNTS | JUNE 26, 2023 | Amazon Web Services (AWS) says it is upping its investment in its Ohio data center operations. The company announced Monday (June 26) that it will spend an estimated $7.8 billion to expand its data centers in the state by 2030. The...

Apple and Broadcom Lose Appeal on Patent Infringement Case BY PYMNTS | JUNE 26, 2023 | Apple and Broadcom have lost an appeal in a long-running patent infringement case related to Wi-Fi in Apple devices. The U.S. Supreme Court declined to hear their appeal regarding Apple vs California Institute of Technology, Seeking Alpha reported Monday (June...

Quant Opens Blockchain Infrastructure Platform to Businesses BY PYMNTS | JUNE 26, 2023 | Quant Blockchain-for-finance firm Quant has opened its infrastructure platform to business customers. The company’s Overledger Platform — used in the Bank of England and Bank for International Settlements’ retail central bank digital currency (CDBC) project — is now available via software-as-a-service (SaaS), Quant...

Finance Automation Platform Ramp Acquires AI Startup Cohere.io BY PYMNTS | JUNE 26, 2023 | Finance automation platform Ramp has acquired artificial intelligence (AI) startup Cohere.io. This acquisition will bring generative AI to finance, which will help automate workflows, improve customer experiences, and save businesses time and money, the companies said in a Monday (June 26)...

NCR Names Executives and Focus of Spinoff ATM Business BY PYMNTS | JUNE 26, 2023 | NCR has taken the next step in spinning off its ATM business. The firm has filed the Form 10 registration statement with the Securities and Exchange Commission (SEC) for the planned spin-off, NCR said in a Monday (June 26) press...

LAW AND JUSTICEGERMANY Ex-Audi boss given suspended sentence in 'dieselgate' case 23 minutes ago23 minutes ago Rupert Stadler is the highest-ranking executive convicted over the VW emissions-cheating scandal. The German auto industry giant admitted to manipulating software in 2015. https://p.dw.com/p/4T6Dh Former Audi boss Rupert Stadler during his court appearance in May 2023 when he admitted to his role in the diesel emissions scandal The trial...

HOUR BY HOUR 🔴 Live: Russia conducts fighter jet drills over Baltic Sea Russia's defence ministry said early on Tuesday that it was conducting tactical fighter jet exercises over the Baltic Sea to test readiness for combat and special tasks operations. Read our liveblog for the latest developments in Russia and the war in Ukraine. All times are Paris time (GMT+2). Issued...

HOUR BY HOUR 🔴 Live: Putin says Wagner mutineers can join Russian army or 'go to Belarus' Russian President Vladimir Putin addressed the nation about Wagner's aborted rebellion on Monday, thanking soldiers and mercenaries for avoiding bloodshed and stating that Wagner mutineers could either join the army or "go to Belarus". Earlier, the mercenary group's chief Yevgeny Prigozhin defended his actions...

Goal to decarbonise power system by 2035 'jeopardised by lack of plan' The Public Accounts Committee said the government has a challenging ambition to decarbonise the power sector by 2035 – but no overarching delivery plan exists to reach that goal. Faye Brown Political reporter @fayebrownSky Wednesday 21 June 2023 00:46, UK Listen to this article 0:00 / 3:35 1X BeyondWords Audio created using AI assistance A man stands...