Big Tech’s AI spending rattles markets
San Francisco — E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google,... Read more
7 Feb
AI and cloud in spotlight as big tech earnings roll out
San Francisco — US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial... Read more
2 Aug, 2024
‘The cost of eggs has risen to extreme levels’ – Egg shortage leaves supermarket shelves empty in SA
Johannesburg – Supermarket retailers in South Africa said on Thursday they were grappling with an egg shortage triggered by... Read more
12 Oct, 2023
Barbie sales shoot up as movie frenzy hits SA
Johannesburg – Barbie dolls are flying off the shelves in South Africa as “Barbie” movie mania has hit the... Read more
27 Jul, 2023
Amazon to cut more than 18 000 jobs, CEO says
Washington – Amazon announced on Wednesday it will cut more than 18 000 jobs from its workforce, citing “the... Read more
5 Jan, 2023
SA court hits pause on construction of Amazon’s Africa HQ in Cape Town
Johannesburg – A South African court has paused construction on a Cape Town complex set to house Amazon’s Africa... Read more
20 Mar, 2022
South African court okays $1.6bn payout for Steinhoff claims
Johannesburg – A South African court on Monday approved a $1.6-billion (1.4-billion-euro) payout by embattled retail giant Steinhoff to settle... Read more
24 Jan, 2022
Amazon may quit African HQ deal if blocked, Cape Town court hears
Johannesburg – Online retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town,... Read more
20 Jan, 2022
US retail sales up 8.5% this holiday season
Washington – US consumers were in the mood to spend this holiday season, with retail sales soaring 8.5% over last... Read more
27 Dec, 2021
Alibaba profit tumbles, outlook lowered as China reins in tech
Shanghai – Chinese e-commerce leader Alibaba Group said on Thursday its latest quarterly profit tumbled 81% and lowered its... Read more
19 Nov, 2021
