Airbnb doubled net revenue in the third quarter and remains on a profitability streak, as the business builds toward an initial public offering expected next year, according to people familiar with its
Author: Agency Staff
Apple is working on a rear-facing 3D sensor system for the iPhone in 2019, another step toward turning the handset into a leading augmented-reality device, according to people familiar with the plan. Apple is evaluating a different
Naspers is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizeable war chest in its hunt for deals. “We have several billion in cash and
Ride-hailing companies like Uber Technologies will see demand boom between now and 2040, hobbling global auto sales growth, according to a new study from IHS Markit. As a growing number of consumers turn to ride-hailing
Deputy President Cyril Ramaphosa said the governing ANC must restore investor confidence and avoid populist policies in order to revive the struggling economy. Bold, decisive action is needed to change South Africa’s growth trajectory
Qualcomm has formally rejected Broadcom’s US$105bn acquisition offer, kicking off what would be the largest technology takeover battle in history. Qualcomm recommended shareholders spurn the deal, saying it’s an opportunistic
The World Wide Web is 28 years old. But these days it often appears to have the growing pains of a teenager. There’s the scourge of fake news, growing pockets of censorship around the world
Vodacom Group shares fell the most in more than a month after Africa’s biggest wireless operator by market value reduced its first-half dividend amid weaker economic conditions in some of its key markets. The stock slumped as
Bitcoin plunged as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 800% surge this
IBM is increasing the pressure on Google in the battle to commercialise quantum computing technology. Quantum computers hold the promise of being able to solve difficult problems from fields