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Uber Technologies said it will deliver a first-ever quarterly profit by the end of the year, signalling that cost-cutting measures are exceeding even the company’s own recent expectations.

Apple could be about to splash as much as US$3,2bn on Beats Electronics, the maker of a range of popular headphones. According to a report in the Financial Times, a deal could be announced as early as next week. But it may be less the headphones than Beats’s new music streaming service that has attracted the interest of Apple

State, a fast-growing international social communications network built around user sentiment and personal opinion, has been launched in South Africa. The London-based State was founded by British-Lebanese entrepreneurs and brothers Alexander and Mark Asseily. They want to change the way we look at social networks by