Mark Zuckerberg just became $7.2-billion poorer after a flurry of companies pulled advertising from Facebookâs network – but he’s still the fourth richest person in the world.
Author: Agency Staff
Banks are looking to speed up plans to move creaking legacy platforms onto the cloud, a slow and often costly process, but one that has been given extra urgency by Covid-19.
Microsoft said on Friday it would close its retail stores and take a related pretax asset impairment charge of US$450-million in the current quarter.
Verizon Communications said on Thursday it was pausing advertising on Facebook in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
Amazon.com has agreed to pay over $1-billion to buy self-driving start-up Zoox, according to a report. It would would expand its reach in autonomous vehicle technology.
Naspers affiliate Tencent is buying certain assets of iFlix, a struggling streaming platform with about 25 million users focused in South and Southeast Asia.
Google will begin paying select media outlets featured in a yet-to-be released news service later this year, a major business shift for the search engine.
Too rich for debt relief available to most African nations and hobbled by its politics, South Africa is facing a public financing crisis.
The Trump administration has determined that top Chinese firms, including Huawei and Hikvision, are owned or controlled by the Chinese military, laying the groundwork for new financial sanctions.
South Africa’s headline consumer inflation rate slowed to 3% year on year in April, its lowest in nearly 15 years, from 4.1% in March, data from Statistics South Africa showed.