Concerns over the coronavirus are putting an end to some of the biggest business conferences of the year. IBM is the latest to cancel its main annual event, which was scheduled to draw 30 000 people.
Author: Agency Staff
Huawei pleaded not guilty on Wednesday to racketeering charges filed last month by US prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
A group of US senators wants to remove a preferred investment status for countries such as the UK that allow for the installation of Huawei Technologies equipment in their 5G networks.
Facebook and its partners are considering redesigning the libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators.
Google has called off its flagship conference, I/O, the latest event cancellation as concern about the coronavirus grows among businesses.
President Cyril Ramaphosa said his administration’s drive to turn the economy around will be protracted and is being frustrated by the rapid spread of the coronavirus.
South Africa’s plans to procure more electricity-generation capacity will have to wait as long as six months until the regulator has approved a state resource strategy, the nation’s energy department said.
Cosatu expects a plan that it’s proposing to save Eskom from its debt burden to be ready within weeks, said the labour federation’s parliamentary coordinator.
South Africa’s economy slumped into its second recession in consecutive years as power cuts weighed on output and business confidence dropped, adding to pressure on the central bank to cut interest rates.
South African companies have announced plans to cut more than 10 000 jobs less than three months into 2020 with electronics company Ellies the latest to start the process of reducing its headcount