Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles. For a second time, Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped. Bloomberg News reported Tuesday that Musk made the proposal in a letter to Twitter, according to people familiar with the case who were not identified. Musk has been trying to back out of the deal for several months after signing on to buy the social…

Ten minutes into our Zoom call, Cory Doctorow’s voice begins to stutter. His internet connection is giving out—first the audio goes, and then the video too. He fiddles with cables for a few minutes while I, halfway across the world, wait behind a black screen. When Doctorow reappears, he tells me a story. The city in California where he lives borrowed money to lay high-speed internet cables to serve businesses in the center of town. But the terms of the deal prohibited the city from connecting the cables to people’s homes. A cable carrying a 100 gigabit-per-second internet connection runs…

President Muhammadu Buhari has approved the appointment of Aminu Umar-Sadiq as the managing director and chief executive officer (MD/CEO) of the Nigeria Sovereign Investment Authority (NSIA). The president also appointed Kolawole Owodunni and Bisi Makoju as executive directors. The appointment of the new MD/CEO follows the expiration of the tenure of Uche Orji, whose tenure expired on September 30, 2022, after serving two five-year terms following his appointment on October 2, 2012. Yunusa Tanko Abdullahi, special adviser, media & communications to the finance minister, said this in a statement made available to TheCable on Monday. The NSIA (Establishment) Act 2011…

One of the most underdiscussed challenges in entrepreneurship is the importance of effective communication – not just with your team, but with your investors, board members, vendors and partners. I can't remember who said this to me originally, but it's a phrase I say to myself often: "In the absence of information, people will create their own stories". When an announcement is made with little explanation, when a recurring event stops happening or if someone stops being as present or engaged, people's minds naturally go to a worst-case scenario. They start making assumptions and leaping to conclusions, all because the…