Google parent Alphabet reported thinner profit margins as the Internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.
Author: Agency Staff
South Africa is looking to spend billions of rand to secure energy from mega-projects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity.
Apple investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix, Activision Blizzard and Sonos are among those JPMorgan sees as strong strategic fits.
Civil society organisation Corruption Watch said it has launched an application in the high court in Pretoria to have former Eskom board members declared delinquent.
Sony reported weaker profits in the PlayStation business and cut its revenue forecast for the year, triggering the steepest share decline in two and a half years.
The Public Investment Corp’s board of directors offered to resign amid an inquiry into allegations of wrongdoing, throwing the South African manager of more than R2-trillion deeper into crisis.
The chairman of Huawei says the company would “never do anything to harm any country, any organisation or any individual”, according to an interview in The Globe and Mail published on Saturday.
Now, in the wake of two US criminal indictments, Huawei faces the task of working out the best legal strategy for allegations that could threaten the company’s very existence.
Apple temporarily pulled important app-development tools from Google after the iPhone maker decided the Internet giant broke its rules, according to people familiar with the matter.
Recent evidence splashed across newspaper front pages and televised hearings about bribes and sweetheart deals suggest the rot runs far deeper than most people thought.