The World Bank is the first key institution to cut its economic growth forecast for South Africa to below 1% for 2020 due to electricity supply concerns.
Author: Agency Staff
HP has again rejected an unsolicited takeover offer from Xerox, saying the potential deal “significantly undervalues” the PC maker.
Brazil will not accept any pressure from the US over whether to allow the Chinese company Huawei to bid for its 5G network, said Marcos Pontes, the minister for communications.
Twitter is adding another safety control to help curb abuse and harassment on its social network. Users will soon be able to limit the group of people that can reply to their tweets.
The energy minister’s reluctance to fast-track renewable power projects could prolong the electricity shortages, which have caused the economy to stagnate and sapped investor confidence.
Eskom, South Africa’s biggest polluter, said it will slash emissions of three major pollutants by 2035 while it asks for exemptions to incoming standards to avoid as much as R37-billion in expenditure.
Whether a planned reduction in rewards for mining bitcoin will boost prices or it’s already factored in is dominating discussions across mediums from Twitter to analyst reports.
There is a high likelihood that Eskom will implement stage-2 load shedding on Wednesday evening to replenish water resources for its pumped storage schemes and to minimise the use of diesel.
Bitcoin climbed to the highest since November after breaching the $8 000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally.
Orange, France’s biggest phone company, has picked BNP Paribas and Morgan Stanley to advise on a proposed initial public offering of its Middle East and Africa business, sources say.