BMW restructuring plan bets on AI and new models

BMW restructuring plan bets on AI and new models

BMW has set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price. As Europe’s car industry struggles with weak demand, Chinese competition and US…

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Apple’s smart-home plan has a launch date

Apple’s smart-home plan has a launch date

Apple plans to make its long-delayed push into the smart-home market on 13 October with a new hub code-named J490, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company also plans to announce the first update to the HomePod mini since the device’s 2020 debut and its first new TV set-top…

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This entrepreneur went from Goldman Sachs to building a financial firm in Nigeria – all part of his 30-year plan

This entrepreneur went from Goldman Sachs to building a financial firm in Nigeria – all part of his 30-year plan

Femi Ogunjimi co-founded the Nigerian financial firm CardinalStone in 2008. He now focuses on its private equity arm, CardinalStone Capital Advisers, which invests in companies across West Africa. He spoke to How we made it in Africa editor-in-chief Jaco Maritz about his journey as an entrepreneur and investor. Topics discussed during the interview include: The…

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