Uber Technologies is cutting approximately 3,300 corporate jobs, roughly 10 percent of its global workforce, as part of a sweeping operational restructuring designed to flatten management hierarchies and concentrate capital on ride-hailing, delivery, and autonomous vehicles. The retrenchment slashes management roles by 20 percent and reduces overall headcount to under 30,000, returning staffing to levels…
A SAPO office in the Eastern Cape. (Image source: SAPO via X) The South African Post Office (SAPO) is preparing to exit business rescue after its practitioners asked the High Court to terminate the proceedings. However, its long-delayed digital modernisation now rests on the shareholder and newly-appointed board after government failed to provide R3.8 billion…
In a definitive transition for the world’s most valuable technology company, Apple announced that John Ternus will become its next Chief Executive Officer. Ternus, the company’s 50-year-old hardware engineering chief, is slated to take the reins on 1 September 2026. At that time, Tim Cook will transition to the role of Executive Chairman, concluding a…
Bourse Régionale des Valeurs Mobilières has revised the composition of its benchmark BRVM 30 index following its quarterly review, according to a notice published on April 1. The exchange added 4 companies to the index: Coris Bank International BF, Nei-Ceda CI, Eviosys Packaging Siem CI, and Setao CI. The changes reflect adjustments based on market…
Lytania Johnson named FNB CEO. FirstRand has made some changes to the leadership team within its banking portfolio, with Lytania Johnson assuming the dual role of FNB CEO and CEO of retail and business banking (RBB). Harry Kellan, current CEO of the retail and commercial segment and FNB, will step down and take early retirement…
Nairobi — President Donald Trump has escalated efforts to further distance the United States from international organizations and entities focused on climate, the environment, and energy. This strategy is in step with his administration’s established approach to undermine and redirect funds and international cooperation away from climate and clean energy programs. But where some see…
Ex-US Open champ suffers meltdown in a third-set flashpoint after an errant photographer’s action caused a point replay. France’s Benjamin Bonzi sent 13th seed Daniil Medvedev crashing out of the US Open in a stormy late-night thriller that boiled over into chaos following an extraordinary third-set meltdown by the Russian. Bonzi advanced to the second…
