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.
Author: Agency Staff
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.
President Cyril Ramaphosa has defended lockdown rules imposed to curb the spread of the coronavirus as citizens grow increasingly irked over seemingly illogical restrictions.
Business activity in South Africa’s manufacturing industry fell to a record low in April, when a nationwide lockdown aimed at curbing the spread of the coronavirus pandemic brought output to a near standstill.
Global shipments of smartphones fell at the fastest rate on record in the first quarter, illustrating the devastating impact of Covid-19 on consumption and production.