WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group, according to a person familiar with the matter.
Author: Agency Staff
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
Eskom is approaching the courts in an effort to force energy regulator Nersa to reconsider electricity tariffs for the next three financial years.
The US and China agreed on the outlines of a partial trade accord on Friday that President Donald Trump said he and his counterpart Xi Jinping could sign as soon as next month.
That growing apprehension marks a stark turnaround for a company that has seemed invincible for years.
As other automakers plan battery-powered SUVs and trucks, Toyota’s vision for the future of driving remains a hydrogen-sipping sedan.
SAP CEO Bill McDermott, who led Europe’s largest software company during a decade of rapid changes in the industry, is stepping down and will be replaced by Jennifer Morgan and Christian Klein as co-CEOs.
Apple CEO Tim Cook defended the company’s decision to remove a mapping app in Hong Kong, saying the company received “credible information” indicating the software was being used “maliciously” to attack police.
President Cyril Ramaphosa poured cold water on proposals by his finance minister, Tito Mboweni, that state power utility Eskom sell some of its power plants to help settle its debt.
Samsung Display plans to spend $11-billion developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals.