China’s Xiaomi said the worst period of pressure on its smartphone business had passed as the pace of memory price increases looked set to slow in the second half, while it sees its fast-growing electric vehicle business delivering a larger share of revenue. Xiaomi on Tuesday posted a 42.6% fall in second-quarter adjusted net profit…
Herotel will introduce Amazon’s low-Earth orbit (LEO) satellite broadband service to South Africa under the brand name Evry, aiming for a commercial launch in 2027. CEO Van Zyl Botha confirmed that Herotel will serve as the importer of record, absorbing foreign currency risks on hardware terminals while maintaining stable retail pricing over an initial three-year…
Apple is increasing the monthly cost of its Apple Music streaming service for South African subscribers. Local customers received email notifications regarding the adjusted pricing structure, which is set to take effect on 27 August 2026. Read: Cape Town approves the Equinix 170MW data centre The price adjustments across tiers are as follows: Individual Plan:…
Abidjan, Côte d’Ivoire – Ghana and Côte d’Ivoire, the world’s two largest cocoa producers, have signed a joint declaration pledging closer cooperation on pricing, local processing, environmental protection and scientific research, as the two countries seek to secure better incomes for millions of cocoa farmers The declaration was signed at a high-level bilateral summit in…
Oil prices top of mind at the Calgary Stampede rodeo – CBS News Watch CBS News The Calgary Stampede is the largest outdoor rodeo in the world. And with Alberta holding the fourth-largest proven oil reserve in the world, high oil prices are playing a part in the show. Ian Lee reports.
Oil prices rose Wednesday after U.S. Secretary of State Marco Rubio said Iran was not serious about reaching a deal to end the fighting, and vowed the U.S. military would continue to protect shipping through the Strait of Hormuz. Brent crude futures, the international benchmark, traded about 2.5% higher at $93.32. U.S. West Texas Intermediate…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies. U.S. West Texas Intermediate futures…
SK Hynix CEO Kwak Noh-jung SK Hynix CEO Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion. “We forecast that next year will be…
Oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies….
US-Iran peace talks ease market volatility but uncertainty keeps oil prices hovering, complicating recovery efforts Published On 29 Jun 202629 Jun 2026 United States President Donald Trump is touting relief at the pump as US gas prices begin to fall ahead of potential peace talks despite ongoing clashes in the Strait of Hormuz. “GAS PRICES…
