Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Investment firm SoftBank Group snapped its nine-day winning streak Tuesday after its shares plunged as much as 5.69% following its announcement of a $2 billion investment in Intel. As part of…
African Heads of State have expressed strong confidence in investors following positive responses to commitments made on the opening day of the African Union-Africa Water Investment Programme (AU-AIP) Water Summit 2025. Speaking on the sidelines of the summit on Thursday, Executive Secretary and CEO of the Global Water Partnership (GWP), Alex Sialabwi, said investors and…
African Ministers of Water have used the AU-Africa Water Investment Programme (AU-AIP) Water Summit 2025 to highlight the multibillion dollar opportunities in the water sector. The Ministers presented bulk water projects currently underway in their countries during a ministerial roundtable on how they are de-risking the water sector. Among the large water projects presented included…
US President Donald Trump speaks during a news conference to discuss crime in Washington, DC, in the Brady Press Briefing Room at the White House in Washington, DC, on August 11, 2025. Jim Watson | AFP | Getty Images The heaviest of U.S. President Donald Trump’s “reciprocal” tariffs — a full 145% on imports of…
Christopher Geerdts, MD of BMI-T. The rapid growth of cloud computing and AI is creating major opportunities for South African service providers – but also widening the digital divide. This was the key message from Christopher Geerdts, MD of BMI-T, during his keynote address at the ITWeb Cloud and Data Centre Summit, held on 7…
A sign outside MTN Group’s head office in Johannesburg. Image: TechCentral Shareholders in MTN Group’s long-running black empower scheme known as MTN Zakhele Futhi can look forward to a payout later this month – and a modest profit on their investment. The scheme, which is in the process of being unwound, will begin distributions to…
U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours. The benchmark 10-year Treasury yield was more than 3 basis points lower at 4.249%, and the 30-year yield moved more than 3 basis points lower to 4.808%. The 2-year yield slipped more…
Oil prices fell sharply Monday after a missile strike by Iran on a U.S. airbase in Qatar left no reported casualties, raising investors’ hopes that there might be a path to de-escalate the conflict in the Middle East. U.S. crude oil fell $5.33, or 7.22%, to close at $68.51 per barrel, while global benchmark…
