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Proscription Of IPOB: Plot By The South-East Governors And Ohaneze To Support Nigerian Government In Rendering Ala Igbo Defenseless – IPOB

  Going by unfolding events and the imminent danger of attack by Fulani terror herdsmen in the South East and South South, it has become imperative for concerned citizens to compel Gov. Dave Umahi, Ifeanyi Ugwuanyi, Okezie Ikpeazu, Rochas Okorocha, Willie Obiano and Ohaneze Ndigbo to reverse their public proscription of IPOB or else they…

Kevin’s Week in Tech: Let’s Check In on the Other Social Networks, Shall We?

Kevin’s Week in Tech: Let’s Check In on the Other Social Networks, Shall We? Photo Twitter reported a profit that was driven, in part, by its data licensing business — the part of Facebook’s business that got it into trouble. Credit Richard Drew/Associated Press Each week, Kevin Roose, technology columnist at The New York Times, discusses developments in the tech industry, offering analysis and maybe a joke or two. Want this newsletter in your inbox? Sign up here.
Hello again! I write to you this week from my underground bunker, deep below The New York Times’s headquarters, where I’ve gone to avoid all news about Kanye West’s political views.
As usual, there was some Facebook news during the week: The company reported strong first-quarter earnings and user growth, showing that not even a global privacy freakout can keep those sweet, sweet “likes” and shares coming. The company’s chief technology officer, Mike Schroepfer, pulled the short straw and got stuck on crisis cleanup duty this ..

Pound falls sharply against dollar and euro as UK economy almost grinds to a halt

Weak growth figure increases likelihood Bank of England will keep interest rates at 0.5% next month
The pound crashed more than 1 per cent against the dollar on Friday morning after official figures revealed that the UK economy almost ground to a halt in the first quarter.
Sterling fell 1.04 per cent against the dollar to $1.3768 and 0.9 per cent against the euro to 1.1395 on the back of news that UK GDP grew just 0.1 per cent in the first three months of the year.
Analysts had expected a slowdown due to the “Beast from the East” which covered much of the country in snow, causing travel chaos and halting construction work.
Read more Pound sterling falls to five week low against US dollar But the worse-than-expected number prompted fears that the economies problems are more deeply rooted than just bad weather, and increased the likelihood that the Bank of England will not raise interest rates next month.
GDP per person, which strips out economic growth resulting from a rise in p..

Amazon responds to Trump criticism with stunning results but we do need to have a debate over its increasing power

The President has hit out at Jeff Bezos' company over tax and the impact on other retailers and the US Postal Service. His motivations are suspect
“Living well is the best revenge,” the great REM once sang.
Amazon’s Jeff Bezos seems to have taken the members of the sadly no longer active alternative rock band at their word in the wake of his feud with Donald Trump.
His e-commerce giant smashed Wall Street’s expectations for the first quarter of this year, with sales jumping 43 per cent. The cherry on top of the cake for investors was that Amazon, which has typically spent money faster than it makes it, also doubled profits when analysts had expected a fall.
Read more Jeff Bezos' wealth jumps $12bn in one day as Amazon shares soar 10% Surging Amazon revenue pushes shares to record high Amazon will now deliver packages to the boot of your car The resultant surge in its shares added $12bn (£9.3bn) Mr Bezos’ personal fortunate, taking it to a staggering $134bn. The Amazo..

RBS trebles profit but what about the customer?

The “net promoter score” for small businesses was awful while retail customers aren't exactly singing the bank's praises
If you set aside the shadow of an enormous looming US fine for flogging dodgy mortgages before they caused the financial crisis, RBS is looking chipper, which isn’t something you typically associate with this bank.
Profits for the first three months of this year trebled to nearly £800m amd the sector’s analysts, most of whom had predicted a lot less, came as close to saying “yowza” as they ever get.
You might have heard something similar coming from Chancellor of the Exchequer's office too. If the Americans would just make their minds up on that penalty it looks like we might finally be able to sell the taxpayer's stake in the damn thing!
Read more RBS profits triple to £792m as taxpayer-owned bank continues recovery RBS agrees $500m mis-selling settlement with New York Why are banks getting away with misbehaving? The great big bluebottle..

HelloFresh aims for €1.5bn IPO valuation

The healthy meal-kit startup is looking to raise up to €311m to expand its business
HelloFresh, the meal-kit startup backed by Rocket Internet, is targeting a market valuation of as much as €1.5bn (£1.3 bn) in an initial public offering this week, the company said in a statement Sunday.
The company, which sells meal kits in 10 markets and remains unprofitable, set a price range of €9 to €11.50 a share. It’s looking to raise €243m to €311m to invest in expanding its business. The shares are expected to start trading in Frankfurt on 2 November.
HelloFresh chief executive Dominik Richter said the company wanted to “become the clear No 1 player on the US market in 2018.” The company, which has about 1.3 million active customers, is seeking to break even within the next 15 months, he said.
Read more Meituan Dianping: Little-known Chinese tech startup valued at $30bn The IPO will test investor appetite for food-delivery businesses just as Amazon’s purchase of Whole Foods threatens to ..