Just a few days ago, the TikTok deal looked like a win for China. Now its state-run media are denouncing it as “an American trap” and a “dirty and underhanded trick”.
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The organisers of the Mobile World Congress, the telecommunications industry’s biggest annual gathering, are postponing next year’s event to late June to make it possible to convene safely despite the Covid-19 pandemic.
Chinese state media blasted Oracle’s proposed deal with the hit video app TikTok, calling the agreement hammered out under pressure from the Trump administration a “dirty and underhanded trick”.
Sony shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.
Investors slashed $50-billion from Tesla’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25 000 car that drives itself will be possible within three years.
Huawei Technologies will do everything it can to strengthen its supply chain which has been “attacked”, its rotating Chairman Guo Ping said on Wednesday.
André de Ruyter knew well the adversity he faced at South Africa’s power monopoly – a state-owned wreck hollowed out by corruption that struggles to keep the lights on, pay its bills and play ball with a unionised workforce.
As of 1 January 2021, Nedbank clients will no longer be able to use cheques as a payment option. In an announcement on Tuesday, the bank said this is because few clients make use of the service.
China is unlikely to approve an “unfair” deal Oracle and Walmart said they have struck with ByteDance over the future of video-streaming app TikTok, the state-backed Global Times newspaper said in an editorial.
Motorists and taxpayers appear set to become the cash cow to allow the government to reduce its percentage of the funding of the multibillion-rand expansion of the Gautrain.