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The rand plumbed a record low after the country lost its last investment-grade credit rating, and investors anticipated it may slide deeper into junk as the spread of the coronavirus decimates the economy.

South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with the fallout from the coronavirus outbreak, the Sunday Times reported, citing finance minister Tito Mboweni.

World News

Larry Ellison and Larry Page, the bosses of Oracle and Google, share a name. But they clearly do not share the same view of a particular intellectual property (IP) matter. On 16 April, a jury began hearing arguments in a trial to determine whether Google’s Android operating system infringes copyrights and patents owned by Oracle. The

By many measures, Turkcell is thriving. It is Turkey’s biggest mobile operator, serving 35m subscribers there and another 30m through subsidiaries and minority stakes in other countries. It boasts 10bn Turkish lira (US$5,6bn) in annual revenues and a market capitalisation of $10,7bn (it is listed in both New York and Istanbul). And all

Social network giant Facebook is allegedly targeting 17 May as the potential date for its initial public offering, according to a TechCrunch report that cites unnamed sources familiar with the company. The IPO date might be off depending on how much time federal regulators need

Research in Motion (RIM) is reportedly attempting to sell itself after rejecting the former co-CEO’s plan to open up its network to carriers. But for some reason it is not pursuing the creation of a lucrative category between smart phones and feature phones — the super feature phone: less than a smartphone, but far more than a feature phone