Tencent Holdings has lost US$48bn (R566bn) of market value over two days, pummelled by a warning on margin pressure as well as a surprise sale of stock by its biggest shareholder. Asia’s largest company slumped
Author: Agency Staff
If a green ride-sharing service were to flourish anywhere it would be in Munich, where you can rent no-emission cars on just about any city-centre street. And yet Linde is about to shut its two-year experiment with hydrogen
Uber Technologies has denied a Kenyan newspaper report that it plans to introduce unmanned flying taxis in the East African nation. Business Daily, a Nairobi-based publication, reported Wednesday that the
Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving
Facebook CEO Mark Zuckerberg broke his silence on the crisis over political-advertising firm Cambridge Analytica’s access to user data on the social network, outlining concrete steps the company is taking to make sure
Facebook CEO Mark Zuckerberg outlined some concrete steps the social network will take to protect user data, his first public response to the crisis over Cambridge Analytica’s access to information from the platform. He said
Telkom has raised R1bn in its first debt issue of the year as South Africa’s biggest landline provider looks to invest in its network and take on rivals including MTN Group and Vodacom Group. After a five-year hiatus, Telkom started
Facebook tried to get ahead of its latest media firestorm. Instead, it helped create one. The company knew ahead of time that on Saturday, The New York Times and The Guardian’s Observer would issue bombshell reports that
Uber Technologies has halted autonomous vehicle tests after one of its cars struck and killed a woman in Tempe, Arizona, in what is likely the first pedestrian fatality involving the technology. The 49-year-old woman, Elaine
Extensive changes are in the offing at South Africa’s troubled state-owned companies as new public enterprises minister Pravin Gordhan moves to tackle their many management and financial failings. Power utility Eskom and