The stock market is a weighing machine of companies’ potential rather than their current circumstances. That is doubly true for Amazon.
Author: Agency Staff
Nigeria is seeking about $2-billion in back taxes from MTN Group, another curve ball directed at Africa’s biggest wireless carrier that’s come to light less than a week after it was ordered to refund $8.1-billion in “illegally” repatriated funds.
Amazon.com shares rose as much as 1.9%, pushing the company briefly beyond a market value of US$1-trillion, a milestone Apple reached just last month.
China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter.
President Cyril Ramaphosa has suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered vehicles, adding to a growing array of high-end brands targeting Tesla.
MTN Group and four lenders won approval from Nigeria’s central bank to repatriate funds in a ruling last year, indicating Africa’s largest wireless operator is at least now complying with regulations it’s accused of flouting prior to 2015.
For the past eight years, South Africa was heading down the road to being run as a criminal enterprise.
MTN Group may receive a naira-denominated refund if Africa’s biggest wireless carrier returns the $8.1-billion that Nigeria says was illegally taken out of the country.
US President Donald Trump, stepping up his criticism of technology firms he says are favouring liberal points of view, said they may be in a “very antitrust situation” but repeatedly said he can’t comment publicly on whether they should be broken up.