Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38% drop from a closing high in January is now the deepest since Tencent’s 2004 listing in Hong Kong.
Author: Agency Staff
A North Korean hacking group has tried to steal at least $1.1-billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye.
Netflix is buying its first production studio, the New Mexico facility used to make The Avengers and Sicario, to accommodate its growing output of original movies and television shows.
President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene.
More than a decade into the era of prevalent social networks and smartphones, people still have no way to make informed choices about how to safely conduct their lives online.
Google found a “software glitch” in its Google+ social network in March that could have exposed the personal data of as many as half a million users, but decided not to tell the public until Monday.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders.
Elon Musk’s rocket company launched a commercial satellite for Argentina on Sunday evening, marking SpaceX’s 17th mission of 2018 in the type of steady success that so far has eluded his electric-car maker Tesla.
South African bond yields climbed to the highest this year and the rand weakened to a one-month low as traders digested news that finance minister Nhlanhla Nene has offered to resign.
MTN Group and its bankers have provided more documents that may reduce Nigeria’s US$8.1-billion claim on the carrier, which could be resolved soon, the Central Bank of Nigeria said on Sunday.