Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. “[Friday] is a value-outperforms-growth day,” said Jed Ellerbroek, portfolio manager at…
Asia-Pacific markets were mostly lower on Tuesday after losses on Wall Street, with investors holding back ahead of the U.S. Federal Reserve’s decision on Dec. 10 stateside. The central bank is widely expected to cut rates by another 25 basis points at its final meeting of the year, bringing the Federal Funds rate to 3.5%-3.75%….
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Jung Yeon-je | Afp | Getty Images Japan’s Nikkei 225 notched a fresh record Thursday at 45,754.93, marking six consecutive sessions of gains. The broad based Topix also closed at a new high…
City Power’s Mondeor Switching Station in Johannesburg. Power utility City Power has engaged Chinese tech giant Huawei to curtail electricity losses amounting to over R3 billion every year. The City of Johannesburg entity is set to roll out Huawei’s Intelligent Distribution System (IDS), a solution designed to help curb network abnormalities, reduce rampant energy theft,…
The United Nations (UN) has called upon the African continent to establish integrated food corridors to connect different African production areas to main national and regional markets, in an effort to reduce post-harvest losses and improve food systems across the continent. In a statement at the Annual Summit of the African Food Systems Forum, UN…
The popular Ford Ranger model is manufactured at the company’s plant outside Pretoria Ford Motor’s South African unit plans to lay off more than 470 employees as it seeks to adjust production capacity to match current and future market demands, the South African Solidarity union said on Thursday. Ford has sent an official notice to…
Klaus Vedfelt | Digitalvision | Getty Images As rounds of layoffs continue within a historically strong stock market and resilient economy, it is still uncommon for companies to link job cuts directly to AI replacement technology. IBM was an outlier when its CEO told the Wall Street Journal in May that 200 HR employees were…
Elon Musk’s satellite internet service comes after months of US funding cuts and tariffs put immense pressure on the country’s economy. The CEO of T-Connect Lesotho, Phelane Phomane, at the launch of Starlink. Image: Sechaba Mokhethi / GroundUp Starlink, Elon Musk’s satellite internet service, has launched in Lesotho through T-Connect Lesotho. The launch comes after…
