A red 1962 Ferrari 250 GTO owned by a former Microsoft employee sold for $48.4-million (about R690-million) on Saturday in California, the most ever paid for a classic car at auction.
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Elon Musk has scrapped his plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet.
Just a few months ago, Tencent reigned as the most valuable company in Asia, but it has since suffered a record stock plunge that has wiped more than $140-billion off its market value.
Japan is making a push to develop flying cars, enlisting companies including Uber Technologies and Airbus in a government-led group to bring airborne vehicles to the country in the next decade.
Volkswagen has mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions.
Facebook said it has investigated thousands of apps and suspended 400 of them since a developer data leak scandal broke in March.
Australia has banned China’s Huawei and ZTE from supplying next-generation wireless equipment to the nation’s telecommunications operators, the latest blow in an escalating global battle over network security.
Apple’s Tim Cook is set to collect stock worth about $120-million (about R1.7-billion) this week thanks to a run-up in shares of the iPhone maker.
Xiaomi delivered a 68% revenue jump and quarterly profit in its maiden earnings report, as the Chinese smartphone giant made strides overseas while fending off a challenge from local rivals such as Oppo.
Once upon a time, Facebook allowed academic researchers access to its data. We know how that story ends: with the Cambridge Analytica scandal.