Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28997
Posts / Week:86.1
Archived Since:June 8, 2011

Blog Post Archive

Millionaire bankers feel sorry for struggling millennials

WASHINGTON - Millennials get a lot of press -- good and bad -- but Credit Suisse reckons they should have our sympathy. Its Global Wealth Report says those who came of age after the turn of the century have had a “run of bad luck,” and that low wealth tend to be disproportionately found among the younger age groups. Show More Summary

Tesla is a ‘hotbed for racist behaviour,’ worker claims

WASHINGTON - Tesla Inc.’s production floor is a "hotbed for racist behavior," an African-American employee claimed in a lawsuit in which he alleged black workers at the electric carmaker suffer severe and pervasive harassment. The employee...Show More Summary

Apple is working on 2018 iPad redesign with facial recognition

INTERNATIONAL - Apple Inc. is working on a redesigned, high-end iPad for as early as 2018 that incorporates key iPhone X features such as slimmer edges and facial recognition, according to people familiar with the matter. However, the...Show More Summary

Bitcoin is not for the faint of heart

WASHINGTON - Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology upgrade on Nov. 8, the largest cryptocurrency...Show More Summary

Kaspersky Lab hopes to continue working with Barclays in UK – General Manager

MOSCOW - Russian cybersecurity company Kaspersky Lab hopes to continue its cooperation with Barclays despite accusations that the former has been spying on the London-based bank's customers, the company’s General Manager in the United...Show More Summary

Qualcomm rejects Broadcom's $103 billion takeover proposal

INTERNATIONAL - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103 billion akeover bid, saying the offer "dramatically" undervalued the U.S. company. "After a comprehensive review, conducted in consultation with...Show More Summary

Emirates injects cash into first class luxury travel

INTERNATIONAL - The world’s biggest operator of long-haul aircraft fleet’s, Emirates, is said to be throwing its weight behind the future of first, world class, luxury travel. Bloomberg reports that Emirates is pouring millions into an upgrade of the ultra-luxury category on its Boeing 777 aircraft. Show More Summary

Parallel Wireless scoops another coveted award

CAPE TOWN - The US-based wireless technology firm, Parallel Wireless, won a coveted award at Africa- Com last week in recognition of helping to connect Africa’s unconnected population. The Nashua headquartered firm became the recipient...Show More Summary

Bitcoin shorts retreat in sign selling pressure could be easing

INTERNATIONAL - Bearish investors in bitcoin have started to cover their short positions, suggesting selling pressure may be waning after concern over the cryptocurrency’s future wiped out some $38 billion in value in the past week.Show More Summary

The want for luxury items sees Richemont post 80% increase in profit

JOHANNESBURG - Swiss luxury group Richemont on Friday posted an 80percent rise in first-half profits, buoyed by strong growth across all of its divisions in the six months to September. The group’s bumper rise in profits, however, failed...Show More Summary

A poor Kenyan sheepherder now mines Cryptocurrencies and proves a point

INTERNATIONAL - Eugene Mutai’s Nairobi apartment is filled with the sound of money: That would be the hum of a phalanx of fans cooling the computers he’s programmed to mine cryptocurrencies around the clock. The 28-year-old has given up a chunk of his living quarters to the enterprise. Show More Summary

Ford and Zotye to invest $756m for China electric cars

INTERNATIONAL - Ford Motor Co. and partner Anhui Zotye Automobile Co. will invest 5 billion yuan ($756 million) to make and sell small electric cars in China as automakers step up investments in low-emission vehicles in the world’s biggest...Show More Summary

Why wearing a Rolex when you travel can actually make you safer

INTERNATIONAL - At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right. So we’re talking to globe-trotters in all of our luxury fields—food, wine, fashion, cars, real estate—to learn about their high-end hacks, tips, and off-the-wall experiences. Show More Summary

Burberry CEO's upscale vision leaves investors feeling poorer

INTERNATIONAL - Four months into the job, Burberry Group Plc’s new boss presented his vision for the company. Investors didn’t like what they heard, sending the stock tumbling the most in five years. The problem: Marco Gobbetti’s new Burberry looks like a more expensive version of the existing one. Show More Summary

Internet giant says they can help Snapchat publish video games

INTERNATIONAL - Chinese internet giant Tencent Holdings said yesterday it could help Snapchat owner Snap publish video games and improve advertising sales after acquiring a 12percent stake in the US social media network. Snap’s disclosure...Show More Summary

Truecaller phone app maker in talks with Airtel about Africa

INTERNATIONAL - Swedish phone-app developer True Software Scandinavia AB is in talks with wireless operators including Bharti Airtel Ltd. to expand its fast-growing Truecaller spam-filtering service in Africa. Truecaller is seeking to...Show More Summary

Positive outlook in Kenya

INTERNATIONAL - Kenya's economy should rebound in 2018 after drought and political turmoil during a prolonged election cycle cut nearly 1percent from this year’s early economic growth forecast, Finance Minister Henry Rotich said on Tuesday. The economy is expected to grow by more than 6percent next year, Rotich said. Show More Summary

Nissan predicts lower profit

INTERNATIONAL - Nissan yesterday revised down its operating profit outlook to ¥645billion (R80.5bn) from ¥685bn for the current financial year after the carmaker admitted some of its vehicles had been produced without proper safety inspections for decades. Show More Summary

WATCH: Kenyan company showcases free internet tech at #AfricaCom

CAPE TOWN - Free wifi is a gamechanger and a Kenyan tech company is one of the operators at the forefront of rolling this out in ever increasing waves across the continent. According to BRCK head of business development, Alex Masika,...Show More Summary

Google launches major opportunities for African entrepreneurs and app developers

JOHANNESBURG - Google has announced two major new developments, which will provide a major boost to African entrepreneurs and app developers. In line with the commitment Google CEO Sundar Pichai made to support African entrepreneursShow More Summary

Copyright © 2015 Regator, LLC