Electronic Arts to be bought by Saudi-led consortium for $55bn

AFP|Published

The group includes US investment firms Silver Lake and Affinity Partners, the Miami-based firm founded by Jared Kushner, former White House advisor and son-in-law ...

Microsoft offers no-cost Windows 10 lifeline

AFP|Published

The US tech giant plans to end support for Windows 10 on October 14, a move that has drawn criticism from consumer advocacy groups and sparked concerns among users ...

Germany's Lufthansa to slash 4 000 jobs as headwinds mount

AFP|Published

As Lufthansa faces mounting challenges, including rising costs and reduced profits, the airline announces a significant reduction in its workforce. What does this ...

Starbucks $1 billion restructuring to close stores, cut jobs

Bloomberg|Published

Starbucks is set to close stores and eliminate 900 jobs as part of a $1 billion restructuring effort aimed at revitalising the coffee chain under CEO Brian Niccol, ...

In India's Mumbai, the largest slum in Asia is for sale

AFP|Published

Soon, bulldozers are expected to rumble into Asia's largest slum, in the heart of the Indian megalopolis of Mumbai, flattening its labyrinth of filthy alleyways ...

Trump allies to control TikTok under new US deal

AFP|Published

The deal would see Chinese ownership of TikTok reduced to 20 percent in the United States, and Beijing on Friday reiterated a call for "open, fair" treatment on ...

EU rejects Apple demand to scrap landmark tech rules

AFP|Published

Apple and the EU have repeatedly locked horns over the bloc's Digital Markets Act (DMA), which Brussels says seeks to make the digital sector in the 27-nation bloc ...

Oligarch accused of $1-bn fraud extradited to Moldova

AFP|Published

Former lawmaker Vladimir Plahotniuc, who has been wanted since 2019 over allegations of corruption, arrived at the airport in the Moldovan capital just days ahead ...

Bloomberg, AfDB start initiative to attract investment in Africa

Bloomberg|Published

Michael Bloomberg and the African Development Bank have launched a groundbreaking partnership to attract private sector investment in Africa, aiming to unlock the ...

OECD ups world economic outlook as tariffs contained, for now

AFP|Published

The OECD has revised its global growth forecast upwards, citing resilience in the economy despite the uncertainties surrounding US tariffs. What does this mean for ...

Leadership lessons from Katlego Maphai, CEO of Yoco

Wesley Diphoko|Published

Discover the invaluable leadership lessons from Katlego Maphai, the visionary CEO of Yoco, as he reflects on his journey and the future of the company.

Fired LVMH executive seeks $2 million after whistleblower claim

Bloomberg|Published

Kenneth Kralick, a former LVMH executive, is suing Moët Hennessy for €1. 7 million ($2 million), claiming his dismissal was retaliation for exposing alleged sanctions ...

Google faces court battle over breakup of ad tech business

AFP|Published

Will Google be forced to dismantle its ad tech business? As the US government challenges the tech giant in court, the outcome could reshape the digital advertising ...

Innovation investment growth at 15-year-low: UN

AFP|Published

Global innovation funding has fallen to its lowest rate since 2010, as high inflation impacts research and development spending and venture capital deals decline. ...

Thyssenkrupp says India's Jindal Steel makes bid for steel business

AFP|Published

India's Jindal Steel International has made a significant offer for Thyssenkrupp's steel division, potentially reshaping the future of the struggling German giant. ...

Australia's ANZ bank hit with record fine over 'widespread misconduct'

Published

The fine is the largest ever announced by the regulator against a single entity, the Australian Securities and Investments Commission (ASIC) said.

Tesla pivots to robots as investors question sales and soaring valuation

Bloomberg|Published

Elon Musk is steering Tesla towards humanoid robots, but as investor confidence wavers amidst stagnating sales and soaring valuations, can this bold pivot truly ...

Top Japan start-up Sakana AI touts nature-inspired tech

AFP|Published

Since its 2023 launch, the value of their firm Sakana AI has soared past $1 billion, becoming Japan's fastest start-up to reach so-called unicorn status.

Promising growth, Nigeria shea nut export ban pinches producers

AFP|Published

Nigeria's shea nut industry, responsible for 40% of the world's supply, faces turmoil as a sudden export ban threatens the livelihoods of producers like Adija Rahman. ...