President Donald Trump on Thursday night warned Facebook over its plan to create a digital currency, the libra, a move that poses a new obstacle to the company’s cryptocurrency ambitions.
Author Agency Staff
A proposal by the biggest owner of Eskom’s debt to convert its R88-billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.
Virgin Galactic’s sister company, Virgin Orbit, has conducted a drop test of its air-launched satellite booster over California in a key step towards space missions.
The White House is launching an investigation into France’s proposed tax on Internet giants such as Google, Amazon and Facebook, in a move that could lead to US taxes on French imports.
The US said it would grant licences allowing companies to export goods to Huawei but won’t remove the Chinese firm an export blacklist, as talks between the world’s two biggest economies resumed.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
German economics minister Peter Altmaier plans to build up a German cloud service to allow European companies to store data independent of Asian or US rivals such as Amazon.com.
South African business leaders are becoming frustrated with the pace of reform under President Cyril Ramaphosa. His cabinet choices and spending pledges haven’t helped.
South Africa’s troubled state-owned power utility has yet another thing to worry about – a big carbon tax bill expected to kick in from 2023.