Gerard Williams III was a lead chip architect at Apple. Last year, Gerard left Apple and founded his own startup Nuvia. According to Nuvia’s website, it is trying to reimagine silicon design to create a new class of processor that delivers the performance and energy efficiency needed to power the next era of computing. Apple sued Gerard last year that he created Nuvia using Apple resources. Apple also accused him of poaching its employees and tried to stop Nuvia from hiring Apple employees. Gerard Williams III has now filed a response in court about Apple’s claims. Gerard now claims that Apple is now trying to poach his startup’s employees. He mentioned in court filing that Apple wants to “suffocate the creation of new technologies and solutions by a new business, and to diminish the fr
THE Reserve Bank of Zimbabwe (RBZ) says it will use various open market operation tools to deal with uneven distribution of money in the economy amid indications 50 percent of total bank deposits are concentrated in the hands of only 200 corporates. Critically, the central bank said doing so was important to counter potential hazards such as speculative currency trading, which have potential and risk of upsetting exchange rate stability and consequently, drive inflation. The bank and Treasury are targeting annual inflation rate of around 50 percent and monthly rate lower than 5 percent by end of this year. The monthly rate for January currently stands at 2,2 percent from 16,55 percent in December 2019. The planned measures come against the backdrop of speculative currency tra...
The Daily News took to Twitter (the tweet has since been deleted) to announce that readers would now be able to access their content on the internet: VISIT OUR WEBSITE AND READ ALL THE NEWS FOR FREE!! https://dailynews.co.zw Even though the tweet was taken down, I did manage to access Daily News and I have no subscription. Publishing online and understanding what the audience wants Over the past few years, we’ve seen a number of publications flirt with different approaches regarding how they roll out content online. At one point, Herald, NewsDay and Daily News all decided that they would stop publishing full stories online in order to stop other publishers from stealing their stories. This was a terrible move because it didn’t focus on the reader at all. In fact, publicatio
2020’s Monetary Policy Statement is out now and RBZ has once again discussed what their plans for the local Fintech industry are. Background The focus on Fintech alluded to last September in the mid-term monetary policy. The RBZ decided to create a National Fintech Steering Committee which would provide “policy direction in the Fintech space”. New developments In the most recent Monetary Policy Statement, the RBZ says they’ve come up with a “regulatory sandbox framework” that will be used to connect Fintech’s and financial institutions: Further to the advice in the 2019 Mid Term Monetary Policy Statement, the Bank has embarked on several initiatives to establish the Fintech agenda. The Bank is in the process of finalizing a regulatory sandbox framework. The framework will out
UEFA has announced that tickets for this year’s EURO 2020 tournament will be distributed via a blockchain-based mobile application to improve and enhance the security and efficiency of the match experience for fans attending the games. The reason they are taking such an approach is that they believe they can stomp out duplicate tickets by taking this approach: The new state-of-the-art mobile ticketing system will provide secure ticket distribution and help prevent the replication and duplication of tickets, with QR codes only being activated by Bluetooth once fans are in close proximity to the stadium. UEFA blog post With 28.3 million ticket requests for the tournament UEFA also believes having 1 million mobile tickets will also put less strain on the planet “by significantly red
NETONE board members that tendered resignations letters last week have cited lack of professionalism and tenets of good corporate governance at the mobile network operator by some board members as the reason behind their departure, The Herald Finance & Business can reveal. The mobile network operator has been rocked by resignation of its board chairman – James Mutizwa, audit committee chair, Sibonile Dhliwayo and human resources committee chair, Keumetsi Mpandawana – that are citing lack of objectivity in the conduct of business by some of the members. However, the board’s vice chairperson, Ms Susan Mutangadura, immediately dismissed the claims by the trio, arguing it was the three’s democratic right to express their views after departure. The three are said to have quit the b
ONE of Government’s main priorities this year is exchange rate stability that Treasury says will be achieved through the Reuters Trading System and keeping an eye on money supply growth, a Cabinet minister has said. This comes after President Mnangagwa, whose administration reintroduced local currency after a 10-year hiatus amid crippling US dollar shortages, said one of the main priorities this year is currency stability. Zimbabwe had used a multi-currency basket since February 2009 after scrapping the local unit after its value had been ravaged by hyperinflation. However, the Zimbabwe dollar has lost significant value against the greenback. Exchange rate fluctuation, since Zimbabwe floated the domestic currency on the interbank market and later adopted a mono currency has bee
The Financial Securities Exchange Limited (Finsec) says Small to Medium Enterprises (SMEs) from across the sector are scrambling to register for on-boarding on its Growth Enterprise Market (GEM) portal a month after its launch. The GEM portal is a dedicated online platform designed for SMEs in need of raising capital for retooling operations, increase productivity, or to increase their product range and or to expand into diversified markets. This caters for companies that cannot list on the primary exchange like the Zimbabwe Stock Exchange (ZSE) primary bourse. Finsec general manager Garikayi Munema, said the response from SMEs to the GEM portal was encouraging as SMEs from across sectors had already submitted applications. “The response we have received from the market so far
Fast-growing and market leader in the property sector, Craft Properties (PVT) Ltd, has scooped a global and prestigious award in Malaysia after coming out tops in the business leadership category. The Kadoma-based property development entity was awarded the World Business Leader Award at a glamorous event held by the International World Confederation of Businesses at the Bizz Amea in Kuala Lumpur. The event was held on November 27, 2019. Founder and chief executive Kudakwashe Taruberekera, was rewarded for being a successful leader who works in an innovative, knowledgeable and systematic manner. He was rewarded for leading an entrepreneurial company honouring all its privileges and obligations. Mr Taruberekera said: “This is an important award to Craft Properties (PVT) Ltd Z
Reconstruction of some of the major roads severely damaged by Cyclone Idai in Chimanimani District early last year nears completion, a recent tour has revealed. Chimanimani and Chipinge were the most affected districts by the tropical storm in eastern Zimbabwe, which destroyed infrastructure worth millions of dollars and left thousands dead in Mozambique and Malawi. Last year, Government contracted companies to rebuild some sections affected by Cyclone Idai and a recent visit revealed that the contractors have made significant progress on set targets. The scope of works were so complicated given that some of the damaged road sections had become inaccessible, making deployment of construction equipment extremely difficult. Manicaland Province chief engineer Mr Atherton Zindoga, ...