Qualcomm on Tuesday said it has acquired Arduino, an Italian not-for-profit firm that makes hardware and software for developing prototypes of robots and other electronic gadgets. San Diego-based Qualcomm is a major supplier of chips at the heart of mobile phones but has been expanding into other fields such as connected vehicles, wireless earphones, laptop…
Nedbank has acquired Durban-based payments fintech iKhokha for R1.65-billion in an all-cash deal. According to Nedbank, the acquisition marks a “significant milestone” in the bank’s strategy to deepen its support for small and medium-sized enterprises. “The acquisition is a pivotal moment in our strategy to empower the SME market,” said Ciko Thomas, group managing executive…
US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US. The new rate will come into effect in 21…
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