Author: The Editorial Team

LAGOS (Capital Markets in Africa) –  Every time we ask Siri a question on our iPhones, we’re using artificial intelligence, of course, but in what other ways will it infiltrate our lives? AI already goes beyond just Siri or Alexa. Every time you get directions from Google Maps, it’s AI that’s working out the shortest path from A to B. When you get a film recommendation on Netflix, it’s AI that knows about people’s preferences…

LAGOS (Capital Markets in Africa) – Russian President Vladimir Putin’s decree imposing a new payments system for gas supplies has placed the European Union and Russia at loggerheads, with Moscow demanding that EU companies open accounts in rubles. The issue, sparked by Russia’s war in Ukraine and the Western response to it, escalated on April 27 after Russia cut off gas sales to Poland and Bulgaria, which refused to pay in rubles. At stake is…

NEW YORK (Capital Markets in Africa) – As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused on the social-media company’s bottom line, and floated the idea of cutting both costs and jobs, according to people familiar with the matter. On calls with teams of bankers before the deal was announced, Musk fielded questions on how he would generate financial returns at Twitter. While nothing is…