Deutsche Telekom’s T-Systems computer services unit is cutting more than a quarter of its positions to reduce costs after draining money for years. The unit will cut as many as 10 000 jobs, of which
Author: Agency Staff
Facebook co-founder Mark Zuckerberg came within a whisker of leapfrogging Warren Buffett as the world’s third-richest person on Wednesday. Zuckerberg, more than half a century younger than the Berkshire
TuneIn, the online radio service, has enlisted LionTree Advisors to help the company evaluate strategic options, including a possible sale. TuneIn hired the boutique investment bank in recent weeks, CEO John
21st Century Fox has accepted a sweetened, $71.3-billion bid from Walt Disney Co for its entertainment assets, outbidding Comcast in a battle for one of the media industry’s biggest prizes. The $38/share price is about
Government will consider introducing computer coding in South Africa’s education system, communications deputy minister Pinky Kekana said on Wednesday. “The time has come for us to introduce basic coding in our
Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new
South Africa’s inflation rate fell in May as food prices rose at the slowest pace since 2013, reducing chances that the central bank will increase interest rates later this year. Consumer prices climbed 4.4% from a year
Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital-asset trading venues. Bithumb, ranked by Coinmarketcap
With batteries getting cheaper and governments promoting their use, electric vehicles are going to be sucking up a whole lot more of the world’s power in coming years. How much? About 9% of total global electricity demand
Ethiopia will split its state-owned telecommunications company and sell stakes in the two new entities piecemeal to international operators, Prime Minister Abiy Ahmed said. Ethiopian Telecommunications, or EthioTelecom