Prosus said on Friday will cut ties with its Russian online marketplace Avito, and will not seek to benefit economically from its ownership of the business.
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Landmark EU rules targeting US tech giants are likely to set a global benchmark and may even force changes in the companies’ business models, lawyers and experts said.
The Reserve Bank raised its main lending rate by 25 basis points to 4.25% on Thursday, citing inflation risks linked to the war in Ukraine.
Adobe gave a disappointing outlook for the current period, suggesting increased competition is making a dent against the company’s signature design software.
Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since it went public in 2004.
The rand has strengthened to a five-month high on expectations that the central bank will raise interest rates. Portfolio inflows also underpinned its rally.
Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent Holdings may be the next to jump on the bandwagon.
The high court has halted construction of Amazon.com’s new Africa headquarters after some descendants of South Africa’s earliest inhabitants said the land it would be built on was sacred.
Chinese authorities are considering requiring Tencent to include WeChat Pay in a newly created financial holding company.
Altron has sold its Xerox agency, Altron Document Solutions (ADS), to Xerotech, a subsidiary of Bi-Africa Investment Holdings.