Google lost its biggest regulatory battle yet, getting a record €2.4bn fine from European Union enforcers who say the search-engine giant skewed results in its favour to thwart smaller shopping search services. Google has 90 days to “stop its
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Eskom recently repeated that it will not conclude supply contracts with the developers of new renewable energy power stations. These developers were selected under a programme to facilitate private sector involvement in the
We don’t have to like the way technology is changing the world. Given the technological disruption that’s happening everywhere, it’s reasonable to expect a little Luddite pushback. The growing share of cash in advanced economies might fall in
MultiChoice parent Naspers has disclosed that it has grown the number of pay-television subscribers on its books substantially in the past year, though pressure on prices in a weak economy, coupled with
On 27 June, the ATM turns 50. Former US Federal Reserve chairman Paul Volcker once described it as the “only useful innovation in banking”. But today, the cash that ATMs dispense may be on the endangered
Naspers will approach investors in the US and the UK next week about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its Internet businesses. The proceeds for the bond will shore
On TalkCentral this week, Vodacom breaks the 500Mbit/s mobile download barrier, Uber’s CEO quits and Liquid Telecom outlines its plans for Neotel. Plus, it seems you can now “root” your drone. Also this week, we pick our best deals
Facebook is no longer just about “connecting the world”. CEO Mark Zuckerberg has written a new mission statement: to “give people the power to build community and bring the world closer together”. Zuckerberg has been rethinking
[dropcap]L[/dropcap]iquid Telecom believes there is a big opportunity to exploit the spectrum assets held by Neotel, the company it acquired…
As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies, two investors were on a plane to deliver the news that they wanted the CEO gone. Matt Cohler and Peter Fenton, partners at venture capital firm