The Bank for International Settlements will test the use of central bank digital currencies with South Africa and other countries in an experiment that could lead to a more efficient global payments platform.
Author: Agency Staff
Ireland hit Facebook’s WhatsApp with a record €225-million fine on Thursday following an inquiry into the messaging app’s transparency around sharing personal data with other Facebook companies.
YouTube has signed up more than 50 million paid subscribers to its music service, a major milestone for Google’s video site that has long been criticised by record labels and Hollywood studios for giving away their work for free.
Apple will loosen rules on its App Store that have banned companies like Netflix from providing customers a link to create a paid account to bypass Apple’s in-app purchase commissions.
South Africa faces “another era of isolation” if it persists with coal power generation, the CEO of Eskom said, arguing a pivot to cleaner energy would boost the competitiveness of the country’s exports.
Eskom is starting a pilot programme to allow businesses to buy green power. It gives businesses a mechanism to purchase clean energy from the utility without having to own a renewable energy generator.
South Africa may limit the use of public amenities to the people who have been vaccinated against Covid-19, the health minister said.
Zoom shares tumbled nearly 17% on Tuesday after the video-conferencing company signalled a faster-than-expected drop in demand and analysts questioned its future plans.
Intuit, the developer of TurboTax and QuickBooks software, is in talks to buy e-mail marketing company Mailchimp for more than US$10-billion, according to a report.
Eskom has posted a fourth consecutive annual loss as it continued to service a mountain of debt, repaired ageing plants and lost electricity revenue because of a drop in demand.