Category: seeks
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Ex-Kenya Power manager seeks Sh42m for extended acting role
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A former Kenya Power manager has sued the company for Sh42 million, accusing the electricity distribution company of employing her on a temporary basis for six years. In a petition filed at the Employment and Labour Relations Tribunal, Zilpa Uma Ayara said her employer kept her in her position throughout…
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Ripple Seeks To Pause Fines As Legal Battle With The US SEC Continues
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In a major turn of events, the payment giant has requested a halt to financial sanctions. Ripple Labs As its long legal dispute with the U.S. Securities and Exchange Commission (SEC) continues. Ripple Takes Bold Step With Residency Application On Wednesday, the Ripple team at letter Apply to stop the…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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KQ seeks State’s help over Sh1.5bn blocked in Ethiopia
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Kenya Airways is seeking to release more than Sh1.5 billion frozen in Ethiopia due to foreign exchange restrictions that have seen the company struggle to repatriate profits amid a severe dollar crunch. CEO Alan Kilavuka told Daily business The governments of Ethiopia and Kenya are in talks to ease a…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Maasai Mara seeks to recover Sh215m from ex-VC Walingo
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Maasai Mara University has filed a lawsuit seeking to recover Sh215 million from its former vice chancellor, Mary Walengo, whom it accuses of obtaining the money through corruption. In a suit filed at the High Court in Narok, the university alleges that between June 2017 and September 2019, Professor Walengo…
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Indonesia Seeks Bigger Biodiesel Blend to Reduce Fossil Fuel Use
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Breadcrumbs Path Links PMN Business Indonesia is seeking to blend more palm oil into diesel to cut its use of fossil fuels, with the ambitious target raising the risk of tightening tropical oil supplies. Article author: Bloomberg News Ecolisterin Published on August 19, 2024 • Read for 2 minutes You…
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Landas lab-grown diamonds co LUSIX seeks debt settlement
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Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices fell by 90% on global markets. Beneland’s Lab Grown Diamond (LGD) Product Lucix Losix is expected to seek a settlement after failing to raise money from existing investors led by…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…
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Interior Minister Arbel seeks new airport at Beit She’an
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Within a decade, Tel Aviv’s Ben Gurion Airport will reach its maximum capacity. Only recently, after years of postponements, committees, reports and decisions, did the government approve a planning budget for the construction of an airport in Ramat David in the Jezreel Valley in northern Israel, or in Nevatim near…
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Petitioner seeks to suspend tobacco websites, blogs
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The Ministry of Health and the Tobacco Control Authority have been given 14 days to respond to a petition requesting the suspension of all websites, blogs and social media accounts of manufacturers and distributors of tobacco and related products, including shisha products, that do not display health warning labels and…
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Harris campaign seeks relationship reboot with crypto leaders, Ro Khanna to host virtual event
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U.S. Rep. Ro Khanna is set to host a roundtable discussion between representatives of Vice President Kamala Harris’ campaign and crypto “industry leaders” on August 5. According to Fox News correspondent Eleanor Terrett, the event represents a “renewed push” to “establish a fresh start with the industry.” ?SCOOP: California Congressman…
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Harris campaign seeks relationship reboot with crypto leaders, Ro Khanna to host virtual event
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U.S. Rep. Ro Khanna is set to host a roundtable discussion between representatives of Vice President Kamala Harris’ campaign and crypto “industry leaders” on August 5. According to Fox News correspondent Eleanor Terrett, the event represents a “renewed push” to “establish a fresh start with the industry.” ?SCOOP: California Congressman…
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Lawyer seeks change of staff compensation law
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A Nairobi-based lawyer has filed a lawsuit seeking to have parts of the Work Injury Benefits Act (WIBA) struck down as unconstitutional, arguing that personal injury matters cannot be decided by the WIBA administrator. WIBA is an insurance cover that protects employers in the event that their employees are injured…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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Explainer: Electric snowmobile maker Taiga seeks creditor protection
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Breadcrumbs Path Links Goods energy Electric car News Running out of money after struggling to expand business Get the latest news from Gabriel Friedman straight to your inbox. subscription Published on July 12, 2024 • Last updated 33 minutes ago • Read for 5 minutes You can save this article…
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…