ZTE is estimating losses of at least 20bn yuan ($3.1bn) from a US technology ban that’s halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecommunications
Author: Agency Staff
South Africa is proposing automakers including Toyota, Ford and BMW more than double production in return for tax breaks so generous that the companies can ship the cars all the way to Europe. The car industry
The US Air Force has delayed the launch of its first Global Positioning System III satellite from this month to October at the earliest as it reviews the upgraded rocket that Elon Musk’s SpaceX plans to use to boost it into
Adobe Systems has agreed to buy e-commerce company Magento for US$1.7bn in a bid to capture a bigger slice of the digital commerce industry from Salesforce.com and Oracle. The Photoshop software provider is making
Sony is buying EMI Music Publishing, getting its hands on a catalogue of 2.1m songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services. The Japanese company will
Intel, the biggest maker of computer processors, said it found another way to attack computers related to the chip security flaws announced earlier this year. The means to protect against the vulnerability is already in place
Facebook co-founder Mark Zuckerberg’s testimony to the European parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the Internet. Zuckerberg agreed to the Web feed after
Sony is done working for peanuts in the hardware business. Kenichiro Yoshida, who took over as CEO in April, is set to unveil a three-year plan on Tuesday that embraces Sony’s growing reliance on income from gaming
Bearish signs are stacking up for South Africa’s rand. Volatility is rising and with it the cost of protecting against a weakening currency, short positioning is soaring and foreigners are fleeing South African bonds at a
BMC Software is working with advisers to weigh a sale, according to people familiar with the matter, five years after Bain Capital and Golden Gate Capital took it private in a $6.9bn deal. The IT management provider has drawn