Shares in both Naspers and its European spinoff Prosus tumbled on Tuesday, following Tencent’s sharp fall after a Chinese state media article described online videogames as “spiritual opium”.
Consumers and businesses will have to fork out an additional 91c for a litre of fuel as of Wednesday. Government announced that both grades of 95 and 93 octane will increase by this amount.
When China began opening up to investment four decades ago, many expected that as its economy became more capitalist, its politics also would become more democratic. They didn’t.
Google is making a bigger bet on smartphones by joining rivals Apple and Samsung Electronics in designing the device’s most critical component in-house: the main processor.
Tencent shares were on track to fall by their most in a decade on Tuesday after a Chinese state media outlet branded online videogames “spiritual opium”.
There are widespread doubts that renewable energy projects can happen fast enough to replace coal. So a controversial fossil fuel remains part of the planned energy mix: natural gas.
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A US court has moved to dismiss a lawsuit brought against MTN Group, in which it’s alleged the operator paid protection money to the Taliban in Afghanistan.
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Ethiopia will reopen bidding for its second telecommunications operator licence this month, two senior government officials said on Monday, including the right to operate mobile financial services.