The South African Reserve Bank cut its benchmark interest rate for the first time in more than a year as it almost halved its economic growth forecast for the year.
Author: Agency Staff
Netflix tumbled after the streaming giant reported a surprise loss of US customers for the second quarter, renewing concerns about its growth prospects at a time of looming competition.
JPMorgan Chase & Co is hiring in sub-Saharan Africa as the New York-based bank works with companies to list their shares in London despite Brexit uncertainty.
Regulators will need to “step up” to contain any dangers emanating from Facebook’s planned libra token, but shouldn’t attempt to crush the initiative, according to International Monetary Fund acting MD David Lipton.
Bitcoin slid below $10 000 just three weeks after surging above it for the first time in more than a year as US legislators expressed deep scepticism about the viability of cryptocurrencies.
Apple plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.
South Africa’s indebted power utility Eskom was already searching for a CEO and an executive to lead a turnaround of the company. It will now have to cast its net even wider to include a treasurer.
US technology giants are headed for their biggest antitrust showdown with congress in 20 years as lawmakers and regulators demand to know whether companies such as Google and Facebook use their dominance to squelch innovation.
The US congress holding hearings on Facebook’s plan for a possible digital coin suggests that the high-profile debut for libra was likely a public relations effort gone bad.
The company that brought you free digital maps and e-mail wants to do the same thing for your drone.