Shares of Intel slumped and its rivals surged on Friday after the US chip maker signalled it may give up manufacturing its own components after falling far behind schedule developing its newest technology.
Author: Agency Staff
Woolworths saw online food sales for its South Africa business leap 87.8% in the 52 weeks to 28 June as consumers turned the Internet and shunned stores amid the Covid-19 pandemic.
Billionaire Elon Musk’s SpaceX is in talks to raise new capital at a valuation of US$44-billion, according to people with knowledge of the matter.
Intel CEO Bob Swan spent almost an hour on Thursday discussing an idea that would once have been unthinkable for the world’s largest semiconductor company: not manufacturing its own chips.
Zimbabwe’s president has picked a fight with the country’s most successful businessman. The economy may be the loser.
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business.
Microsoft’s flagship cloud computing business, Azure, reported quarterly sales growth of under 50% for the first time ever on Wednesday, sending the tech giant’s shares down 2%.
MTN Nigeria expects its profit margin to dip by almost half a percentage point this year as its leased tower services feel the impact of weaker currency exchange rates, it said on Thursday.
Apple co-founder Steve Wozniak says YouTube has for months allowed scammers to use his name and likeness as part of a phony bitcoin giveaway similar to one that was quickly extinguished by Twitter last week.
Tesla CEO Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.