Google shrugs off EU fine, damage to hinge on rivals' plans

2018-07-22 12:07

Europe’s record $5bn fine against Google marks the biggest regulatory attack yet on technology giants. But investors and analysts shrugged off the ruling’s potential to dent Google’s business.

AngloGold's Pityana warns SA on 'reckless' mining rules

2018-07-20 14:02

South Africa risks driving away new investment and crippling its mining sector if 'reckless' new rules are implemented, says AngloGold Ashanti chairperson Sipho Pityana.

Sasol sees profit falling up to 11% on R16bn charge

2018-07-20 09:19

Sasol says full-year profit has probably fallen as the world’s biggest producer of fuel from coal takes a R16bn depreciation charge and accounts for expenses on share-based payments.

Swiss watch exports have biggest half-yearly gain since 2012

2018-07-19 21:45

Swiss watch exports had their strongest first half in six years as demand for high-end timepieces rose in Asia and the US.

Woolworths sees full-year loss after David Jones impairment

2018-07-19 10:23

Woolworths says charges related to its struggling Australian business will result in a full-year loss, its first in at least 16 years.

EU set to fine Google billions over Android - sources

2018-07-18 13:55

The EU is set to fine US internet giant Google several billion euros this week for freezing out rivals of its Android mobile phone system, sources said, in a ruling that risks fresh tensions with Washington.

Uber is target of a US probe over gender discrimination

2018-07-17 16:17

Uber faces an ongoing gender-discrimination probe by the US Equal Employment Opportunity Commission, as new questions arise about the company’s corporate culture.

Airbnb faces ultimatum to comply with EU's consumer rules

2018-07-16 20:20

Airbnb has been warned by the European Union to expect a regulatory clampdown unless its terms and conditions and the way it presents holiday-home prices comply with EU standards.

Bitcoin rises as biggest asset manager studies crypto technology

2018-07-16 15:12

Bitcoin has been headed for its largest increase in two weeks as BlackRock became the latest big name to signal an interest in the technology underpinning digital currencies.

Twitter CEO Jack Dorsey lost 200 000 followers in fake-user purge

2018-07-13 10:47

Twitter's top executive didn’t slide by unscathed in the social-media site’s crackdown on fake followers.

 

WhatsApp limits forwarding in India after lynchings

2018-07-20 22:30

WhatsApp has announced limits on the forwarding of messages by its 200 million Indian users in an effort to stop a spate of horrific lynchings.

Trump says EU is ‘taking advantage’ with $5bn Google fine

2018-07-20 11:31

President Donald Trump has lashed out at the European Union’s $5bn fine against Google in the latest trade-related salvo fired from the White House.

Home DNA testing gains popularity in aging Japan

2018-07-19 22:30

DNA testing at home in Japan is starting to gain traction as more people age and seek answers about their risks for diseases.

Clouds lift for SAP as it raises full-year forecasts

2018-07-19 20:33

German software firm SAP has raised its revenue forecasts for the full year, after sales of its cloud computing products and its bottom line swelled in the second quarter.

MTN said to mull West African unit sale in markets cull

2018-07-18 19:15

MTN’s sale of its Cyprus unit is just the start of a broader exit from small or problematic markets, with the Liberian unit leading a number of West African divisions being considered for disposal.

Uber CEO says company can do an IPO without being profitable

2018-07-17 20:47

Uber CEO Dara Khosrowshahi says he doesn’t think his ride-hailing company needs to be profitable before a planned public offering in the second half of 2019.

Amazon suffers tech crashes and strikes during Prime Day bonanza

2018-07-17 10:36

Amazon.com has kicked off its big Prime Day sales promotion with technical glitches on its website and app, threatening its 36-hour sales extravaganza.

Amplats sees profit jump after operations, prices improve

2018-07-16 16:27

Anglo American Platinum says it expects to report a fourfold increase in first-half profit after operations improved and metal prices rose.

Russia targeted by almost 25 million cyber-attacks during World Cup

2018-07-16 14:14

Russia has been the target of almost 25 million cyber-attacks during the World Cup, President Vladimir Putin said, though he did not indicate who may have been behind the attacks.

Uganda government reviewing controversial social-media taxes after outcry

2018-07-12 13:38

Uganda is reviewing a daily tax levied on users of social-media platforms such as Facebook, Twitter and WhatsApp, as well as tariffs on mobile-money transactions.

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