Facebook has suspended Huawei’s ability to pre-install the social network’s apps on its smartphones.

Google has warned the Trump administration that it risks compromising US national security if it goes ahead with export restrictions on Huawei, and has asked to be exempted from any ban, according to a report.

The country’s big four traditional banks – Absa, FNB, Nedbank and Standard Bank – have together shut 695 branches since their respective peaks in the earlier part of this decade.

Behind the cryptocurrency curtain hides a seedy underworld where these electronic tokens are being used to launder the proceeds of illegal gambling and facilitate illicit drugs, weapons and rhino horn transactions.

Facebook bosses have lost control of the social network and is unlikely to regain it, a former Harvard classmate of Mark Zuckerberg has claimed.

An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.