South Africa signalled a shift in budgetary policy, backtracking on planned tax increases as it switched focus to reigniting the coronavirus-battered economy by bolstering consumption and investment.
Author: Agency Staff
South Africa could spend as much as R19.3-billion over the next three years to vaccinate most of its population against Covid-19, national treasury said in a budget presented to parliament on Wednesday.
The architect of Australia’s laws forcing Google and Facebook to pay media companies for content claimed victory on Wednesday though critics said last-minute changes favoured Big Tech.
Facebook’s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021.
Spotify will nearly double its market presence by launching in 85 new markets in the next few days, making the music streaming service available to more than a billion people around the world.
Huawei Technologies saw slight revenue and profit growth in 2020, in line with its expectations, its rotating chairman said on Tuesday, even as Washington toughened up sanctions against the equipment maker.
Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grow nervous at sky-high valuations and leveraged players take profit.
Nasa scientists on Monday unveiled first-of-a-kind home movies of last week’s’ daredevil Mars rover landing, vividly showing its supersonic parachute inflation over the red planet.
Tesla’s years-long dominance of electric car sales may soon be over as traditional car makers introduce a slew of new battery-powered models, one of its German rivals said.
Mercedes-Benz is bolstering the C-Class line-up with versions that carry more powerful batteries to help its popular sedan withstand a trend toward sports utility vehicles.