Amazon scraps plans for New York headquarters

Amazon.com Inc. said it's axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politician

MTN Uganda CEO deported

MTN has stated that its CEO in Uganda, Wim Vanhelleputte, has been deported from the country."MTN has not been notified of the grounds for the

RTG partners small players via its virtual platform

GIANT hospitality concern Rainbow Tourism Group (RTG) continues to guide the industry in the development and support of smaller players in the industr

Cisco gives bullish revenue forecast due to software shift

Cisco Systems Inc. gave a strong forecast for the current quarter, signaling confidence that corporations are continuing to spend on the company's com

Users protest after Tencent invests in Reddit

Reddit Inc. said Monday that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit's

Amazon will buy startup Eero to help connect home devices

Amazon.com Inc. has agreed to acquire Eero, a builder of WiFi-networking tools, in another deal aimed at bolstering the retail and technology giant's

iPhone shipments plummet in China as Huawei tightens grip

Apple Inc.'s Chinese smartphone shipments plummeted an estimated 20 percent in 2018's final quarter, underscoring the scale of the iPhone maker's retr

Enquirer fights back in Bezos 'nude selfies' scandal

The lawyer for the chairman of the National Enquirer's parent company said there wasn't any blackmail, extortion or political motivation involved in t

Toshiba to cut profit forecast in half

Toshiba Corp. is preparing to cut its full-year profit forecast by at least half, hurt in part by higher expenses in its energy business, Nikkei Asian

Huawei will accept EU supervision on 5G networks

Huawei stated that it will accept EU supervision over its equipment and activities following warnings from the United States about the inclusion of it

Matabeleland to get $25m from Econet

Matabeleland provinces will get 25 percent of the $100m Econet Challenge Fund announced this week by the firm's founder and executive chairman Mr Stri

Wirecard shares fall due to market manipulation investigations

Investigations into German payments company Wirecard AG intensified as police in Singapore raided local offices, while Munich prosecutors started a pr

MTN is said to prepare for share sale of African unicorn Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn (about R20bn)

Sony plans $910-million share repurchase

Sony Corp. is buying back as much as 100 billion yen ($910 million) of its own stock, the electronics maker's first-ever large scale repurchase.

Twitter shares fall due to slow user growth

Twitter Inc. gave a lackluster first-quarter sales forecast and reported tepid user growth, suggesting changes to improve the social-media platform ha

Match beats estimates as Tinder subscribers soar

The international dating scene is swiping right on Tinder, helping spark a 17 percent surge in total average subscribers in the last quarter for paren