Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.

China’s economic recovery from the depths plunged during the Covid-19 pandemic has continued, providing support for a world economy suffering its deepest recession since the Great Depression.

View the latest contribution from TechCentral cartoonist Jerm.

Promoted | LUMA and Praekelt.com have co-created a chatbot that makes legal help available and accessible to all South Africans.

Promoted | Users in newly developing markets need a device that will deliver all the benefits that broadband has to offer at a price that they can afford. The answer lies in powerful yet affordable “smart feature phones”.

Nyiko Shiburi has been appointed as CEO of MultiChoice South Africa, replacing Mark Rayner, as the pay-television group announces sweeping management changes.

The commission’s “Competition in the Digital Economy” paper says that South Africa doesn’t set up a regulatory framework, it could soon find itself trying to govern companies that have amassed huge power.

South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second biggest city, Cape Town.

British Airways has been fined £20-million by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400 000 customers.

Ant Group plans to increase the valuation target for its initial public offering to at least $280-billion due to strong demand. That would make it worth more than three times US banking giant Citibank.