Chinese gaming and social media giant Tencent said second quarter net profit rose 37%, beating market estimates, on higher demand for its videogames as coronavirus-related lockdowns kept people indoors.
Author: Agency Staff
Bitcoin’s recent run higher has brought out a lot of old predictions – and some new ones – about the future of crypto prices.
Chronic under-performance of South Africa’s economy over the past decade is pushing the continent’s dominant powerhouse to the edge of economic and political disaster.
Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the Covid-19 would lead to a flood of online orders.
Microsoft on Wednesday said the Surface Duo, its dual-screen smartphone powered by Android, will start at a price of $1 399 and arrive in stores from 10 September. It will not be sold in South Africa at launch.
Tesla on Tuesday announced a five-for-one stock split, sending the electric car maker’s recently high-flying shares up 7% in extended trade.
Donald Trump’s WeChat ban targets a celebrated Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, threatening one of the more eye-catching stock rallies of 2020.
HMD Global, the maker of Nokia-branded smartphones, has secured $230-million of investment from partners including Google and Qualcomm to help accelerate its development of 5G devices.
The appointment of a white treasurer at Eskom has become mired in allegations of racism, deepening a political dispute between a rabble-rousing opposition party and a cabinet minister.
Manufacturers all along the solar supply chain have boosted prices in the past month after a 19 July explosion forced the shutdown of a major polysilicon factory in Xinjiang, China.