Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions.
Cosatu, the country’s biggest labour federation, said it wants the R104-billion Eskom’s debt held by the state pension fund manager to be converted into equity owned by workers.
Ericsson has become the latest technology firm to pull out of the upcoming Mobile World Congress show over concerns about the coronavirus outbreak.
Boris Johnson’s decision to allow Chinese technology giant Huawei a role in Britain’s 5G network could threaten a post-Brexit trade deal between the UK and America, US vice President Mike Pence has indicated.
Donald Trump blasted Boris Johnson with “apoplectic” rage during a heated phone call over the UK’s decision to allow Huawei into its 5G network, according to a report.
Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached 1.7 million shares, or $3.45-billion.
Setting aside the global health implications, Apple and its suppliers may have got lucky with the timing of the coronavirus outbreak.
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.
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Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.