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State-owned arms manufacturer Denel said it doesn’t have enough cash to pay its staff their full salaries this month, joining other government-owned companies clamouring for support in South Africa.

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Amid rumours that Facebook is considering building its own smartphone and is looking to acquire facial recognition service face.com comes another and arguably more sensible bit of speculation. Facebook is said to be looking to acquire Opera Software in

BlackBerry maker Research in Motion (RIM) is preparing to shed 2 000 of its 16 500-strong global workforce in a large-scale cost-cutting exercise. This is according to a report in the The Guardian on Monday. The newspaper cites Canada’s Globe and Mail newspaper, which claims the information came from

Once a serious rival to search engine Google, Yahoo has slipped in popularity in recent years. Now, it’s launched its own mobile browser, called Axis, in an apparent effort to win back users and remain relevant in the mobile Internet age. Axis is designed for Apple’s iPad and iPhone, with Android and Windows Phone

Shares in Facebook fell sharply shortly after markets opened in the US on Monday, falling by more than 13%, below Friday’s listing price of $38/share, as investors fretted about the company’s ability to grow as quickly as the high listing valuation demands. The share, which seesawed in its first day