Google plans to invest up to $50 million in African early and growth-stage startups via its Africa Investment Fund, ramping up efforts to support more businesses on the continent. Google made known its plans today in a virtual event where CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in tech-led initiatives in Africa. These initiatives range from improved connectivity via Google’s subsea cable Equiano to investments in small… Source link

LAGOS, Oct 6 (Reuters) – Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital transformation, it said on Wednesday. The unit of U.S. tech company Alphabet Inc (GOOGL.O) made the announcement at a virtual event where it launched an Africa Investment Fund, through which it will invest $50 million in startups, providing them with access to its employees, network and… Source link

The developing world represents the best chance of growth for large internet companies, and today one of the very biggest set out its strategy for how it plans to tackle that. Google said that it would be investing $1 billion to support “digital transformation” across Africa. This will include landing a subsea cable into the continent to enable faster internet speeds, low-interest loans for small businesses, equity investments into African startups, skills… Source link

(VIANEWS) – Yandex (YNDX), Axcelis Technologies (ACLS), NMI Holdings (NMIH) are the highest sales growth and return on equity stocks on this list. Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option? 48.3% sales growth and 4.4% return on equity Yandex N.V., an Internet and technology company, provides Internet search engine in Russia and internationally. … Source link

It’s the collaboration consumers never knew they needed: a breakfast cereal based on a sweet treat made from a fast-food giant. Kellogg’s (K) and Wendy’s (WEN) are teaming up for the Frosty Chocolatey Cereal. The two brands announced the dessert turned breakfast meal on Tuesday — but consumers will have to wait until December to take a spoonful of the chocolatey collaboration, when it’s set to hit retailers’ shelves nationwide.  And the crispy, cocoa-coated round cereal bites, combined… Source link

The Education Department (ED) is rolling out a series of major changes to a notoriously troubled Public Service Loan Forgiveness (PSLF) program for student loan borrowers in public service. “Borrowers who devote a decade of their lives to public service should be able to rely on the promise of Public Service Loan Forgiveness,” Secretary of Education Miguel Cardona said in a press release. “The system has not delivered on that promise to date, but that is about to change for many borrowers… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, October 6, 2021 It’s true: We are ‘in trouble no matter what’ We’ve now entered the phase of the (perpetually) tortured debate over the debt ceiling that invokes apocalyptic economic imagery, namely “recession” and “default.” With just under two weeks to go before the pivotal Oct. 18 deadline, Treasury Secretary Janet Yellen… Source link

Google unveiled a suite of sustainability features focused on giving consumers more information so they can choose to cut their greenhouse gas emissions. Driving the news: The product rollout this morning will immediately be noticeable if you use Google Maps, utilize the company’s flight search tools, search for companies to invest in or simply query the search engine about the causes of global warming. Details: Google aims to enable a “billion sustainable actions” by 2022, said Kate Brandt,… Source link

(Bloomberg) — U.S. futures fell with stocks as surging energy prices stoked inflationary pressures ahead of a key U.S. employment report. Treasury yields extended an advance. Most Read from Bloomberg S&P 500 and Nasdaq 100 contracts declined, with tech giants such as Apple Inc. and Facebook Inc. down in premarket trading. European equities slid to a two-month low, with natural gas prices soaring even as the European Union pledged swift action to ensure the spiking costs don’t stifle the… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave Oct 6 (Reuters) – Alphabet Inc’s (GOOGL.O) Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday. The early-phase research project is among new software initiatives inside Google… Source link