Uber Technologies CEO Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will strip him of some duties and appoint an independent chair to limit his influence after a slew of scandals
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Safaricom may expand its popular mobile banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya. The sale of a 35% stake
After a Sunday meeting that lasted more than six hours, a representative for Uber Technologies’ board said directors have approved several changes, without providing clarity on the fates of CEO Travis Kalanick or his confidant and head of business, Emil
Not long ago, SpaceX founder Elon Musk cracked what he once labelled a monopoly for US defence department space launches, successfully breaking into a business that was dominated by United Launch Alliance. The DOD’s appetite
A crack has finally formed in the foundation of the US bull market. Now investors must decide if any structural damage has been done. This year’s hottest stocks, companies from Facebook and Apple to Netflix and Nvidia, buckled
Apple CEO Tim Cook has warned Massachusetts Institute of Technology graduates that technology – and social media in particular – can divide society even as it’s intended to bring people together. “The Internet has enabled
Tesla stock is the new ultimate driving machine. Shares of Elon Musk’s electric-car maker climbed 1,4% as of 11.10am Friday, boosting its market capitalisation to US$61,6bn, about $280m more than BMW. Tesla now ranks as the
SoftBank Group is taking over Google parent Alphabet’s robot dreams, buying Boston Dynamics to pursue a future when more machines intermingle with humans. As part of the transaction with Alphabet, SoftBank
Donald Trump’s closest friends and allies have begun to publicly warn the US president that his Twitter tirades are fueling mayhem in the White House and risk jeopardising his presidency. “The tweeting makes everybody crazy,” said Trump’s
Apple CEO Tim Cook said the company has helped UK officials investigate terror attacks, while reiterating his dismay over US plans to quit the Paris agreement on climate change