Bitcoin breached $10 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset.

A jobs bloodbath is looming at pay-television operator MultiChoice Group, which said on Friday it will enter into a “consultation process” with 2 194 of its employees as part of a “strategic realignment of its customer service delivery model”.

A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack Technologies took a different route, and saw its shares soar as it went public without an IPO.