Telefonica and Liberty Global have agreed to create the UK’s largest phone and Internet operator, a deal that threatens its rivals and marks another industry-defining merger for billionaire John Malone.
Author: Agency Staff
South Africa’s biggest business grouping has urged the government to accelerate its phased approach to restarting the economy, days after the state began easing a strict nationwide lockdown.
South African business confidence slumped to all-time low in April in a clear sign of the economic impact of of a nationwide lockdown seeking to curb the spread of the coronavirus pandemic.
Uber Technologies will eliminate 3 700 jobs and permanently close 180 driver service centres, the first in a series of cost-cutting measures to be announced in the next two weeks.
It’s been left for dead more than once. Yet bitcoin is once again staging a comeback reminiscent of the token’s glory days, with evangelists pegging their hopes on a technical event as the new catalyst.
Spotify built the world’s largest audio-streaming service by convincing millions of people around the world to pay for music. CEO Daniel Ek now sees an even bigger opportunity in advertising.
Jay Y Lee, the billionaire scion of Samsung Group, issued a personal apology for his company’s role in a scandal over succession that rocked South Korea and promised not to hand down leadership to his children.
Airbnb is cutting 25% of its workforce as the coronavirus pandemic continues to pummel the travel sector. About 1 900 Airbnb employees across the world will be affected
President Cyril Ramaphosa has won praise for his response to the coronavirus outbreak. Now, he’s risking a public backlash after members of his cabinet reversed some of his measures and made racially charged statements.
For now, telecommunications companies insist the pandemic will only delay the roll-out by several months. That may be optimistic.