Author: Agency Staff

The US on Tuesday accused China of continuing a state-backed campaign of intellectual property and technology theft even as the world’s two largest economies have descended into a tit-for-tat tariff war.

The finances of Eskom, Transnet and other companies owned by South Africa’s government have deteriorated to such an extent that they now pose a significant risk to the nation’s finances, the auditor-general said.

Foxconn Technology Group, the biggest assembler of Apple iPhones, aims to cut $2.9-billion from expenses in 2019 as it faces “a very difficult and competitive year”, according to an internal company memo.

Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.