Author Agency Staff

World

Instagram hits a billion users, pushes into video

Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new

Current affairs

Inflation slows to 5-year low

South Africa’s inflation rate fell in May as food prices rose at the slowest pace since 2013, reducing chances that the central bank will increase interest rates later this year. Consumer prices climbed 4.4% from a year

World

Cryptocurrencies fall after yet another heist

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital-asset trading venues. Bithumb, ranked by Coinmarketcap

World

Ethiopia to break up its telecoms monopoly

Ethiopia will split its state-owned telecommunications company and sell stakes in the two new entities piecemeal to international operators, Prime Minister Abiy Ahmed said. Ethiopian Telecommunications, or EthioTelecom

World

Tesla hit by ‘extensive’ sabotage

A disgruntled Tesla employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an e-mail Elon Musk sent to staff. The worker, who had been denied

World

ZTE tanks as US lawmakers seek to restore ban

ZTE dived 24% after American lawmakers green-lit a bill to restore severe penalties on the Chinese telecommunications gear maker, potentially up-ending a deal struck with US President Donald Trump to allow it

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