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Analysts say Apple iPhone Sales in China Plunge Over 30% in First Week of 2024
During the first week of January, Apple experienced a more than 30% year-over-year decline in iPhone sales in China, in stark contrast to competitors like Xiaomi and Huawei, which maintained flat sales, as per a recent note from Jefferies analysts. Jefferies analysts anticipate a double-digit drop in Apple's iPhone volume in China for the entirety
World Bank Forecasts 3.3% Growth for Nigerian Economy in 2024
The World Bank has revised its growth outlook for Nigeria, foreseeing a robust expansion of 3.3 percent in 2024, according to its Global Economic Prospects report for January 2024. The report also anticipates that the country's per capita income will return to pre-pandemic levels by 2025, showcasing a resilient recovery from the impacts of the
The Trailblazing New Generation of Tech Marketers
The role of B2B tech marketers has emerged as a key player within companies aiming to thrive in the digital space, bridging the gap between complex technology solutions and communicating these to suit the needs of businesses. To succeed in the diverse and dynamic field, marketers need to possess some key qualities. Be inquisitive Be
Wading through complexity: Enterprise connectivity doesn’t need vellies or wellies
Connectivity is fundamental to a thriving enterprise. Cloud sprawl, security, scale, inflexibility, compatibility, integration – these are pervasive challenges for organisations wanting connectivity that’s capable of managing user demands and their infrastructure. Yet, as a recent Forrester survey found, 40% of organisations feel that they are losing control over their technology estates thanks to a
Fujitsu in the firing line over UK Post Office saga
A major Japanese tech giant finds itself in the hot seat as British lawmakers target them for designing faulty accounting software, leading to what's being termed as the largest miscarriage of justice in the country's history. Fujitsu is under scrutiny for developing the Horizon IT system, which resulted in the wrongful convictions of around 700
Report says Johnson and Johnson will pay $700 million over their talcum baby powder
Johnson & Johnson is set to pay around $700 million to settle an investigation by more than 40 states into its marketing of talcum powder, according to sources listed by Bloomberg. The agreement aims to resolve allegations that the pharmaceutical company failed to warn consumers about cancer risks associated with its talcum-based baby powder. Although
Meet KIA’s van of the future packed with advanced technologies
Kia has unveiled its plan to revolutionize the commercial vehicle industry with the Platform Beyond Vehicle (PBV) business, announced at the 2024 CES show in Las Vegas. The strategy begins with a new modular vehicle, showcased by the Kia PV5 Concept, and will progress through multiple phases to introduce advanced technologies. The PBV's customisation concept
IMF Approves $60.7 Million Disbursement for Mozambique
The executive board of the International Monetary Fund (IMF) has concluded the third review of Mozambique's three-year loan program, resulting in an immediate disbursement of $60.7 million to Maputo. With this review, the total disbursements under the $456 million Extended Credit Facility program, approved in 2022, have reached approximately $273 million, according to the IMF.
Amazon’s Twitch set to cut 35% of its workforce
Twitch, Amazon.com's livestreaming platform, is reportedly planning to reduce its workforce by 35%, equivalent to around 500 employees, as part of a cost-cutting initiative. The potential job cuts, expected to be announced soon, follow concerns over losses at Twitch and a series of high-level executive departures in recent months. Managing a large-scale website that supports
Bitcoin expected to hit R894 000 early in 2024
Despite the onset of the new year, Bitcoin, the prominent cryptocurrency, continues to show strength, with its price expected to reach $48,000 (R894,753) in the upcoming weeks. As of Tuesday morning, the Bitcoin price was trading at $45,939 (R858,214), marking a high point of $46,995 on Monday, the highest in the last month. An analysis
FlySafair named the most punctual low-cost carrier globally
FlySafair has claimed the title of the most punctual low-cost carrier globally, according to Cirium's latest On-Time Performance Review. The study, analyzing over 30 million flights annually, considers flights that arrive within 14 minutes and 59 seconds of their scheduled arrival as on time. FlySafair achieved an on-time performance of 92.36%, outshining other carriers. Cirium's
TotalEnergies to Re-Examine Land Acquisitions for Disputed Projects in Africa
French energy giant TotalEnergies announced on Thursday that it has initiated a review of its land acquisition practices for the contentious $10-billion projects in Uganda and Tanzania. The projects include the Tilenga drilling project in Uganda and the East African Crude Oil Pipeline (EACOP), stretching 1,443 kilometers to transport oil to the Tanzanian coast. The
African companies encouraged to adapt to technology to grow
Samson Olatunde, the visionary behind Knowledge Digest Africa (KDA), underlining the pivotal role of technology in propelling African businesses forward. Recently honoured among the top 100 fastest-growing small and medium-sized enterprises (SMEs) in the country for 2023, KDA stands as a comprehensive digital knowledge storage. In a post-award speech in Lagos, Olatunde emphasized the necessity
Baidu Cancels $3.6 Billion Acquisition of JOYY's Livestreaming Business in China
Baidu (9888.HK) has officially abandoned its intended $3.6 billion acquisition of JOYY Inc's live-streaming business in China, as disclosed in a filing with the Hong Kong stock exchange on Monday. The dissolution of the deal raises questions about Baidu's aspirations to broaden its revenue streams. The proposed acquisition of JOYY's Chinese live-streaming business, YY Live,
China ASML exports restricted by the Netherlands
ASML, a chip machine manufacturer based in Veldhoven, Netherlands, revealed on Monday that the Dutch government has partially revoked an export license for the shipment of specific chip-making equipment to China. This action was taken in response to US export restrictions, affecting shipments that include certain lithography systems, specifically the NXT:2050i and NXT:2100i models. ASML,
This Jan-you-worry comes with a petrol price relief from Wednesday
South African drivers can breathe a sigh of relief as petrol and diesel prices are set to decrease from Wednesday January 3, 2024, according to the Department of Mineral Resources and Energy (DMRE). Both 93 and 95 octane petrol will see a reduction of 62c/l and 76c per litre. The price of diesel (0.05% sulfur)
Musk faces loss as X is now valued at less than a third of what Musk acquired it for
Elon Musk's investment in X, the former Twitter, has seen a significant decline in value, now amounting to less than a third of the original purchase price of $44 billion, as reported by Axios based on disclosures from Fidelity, a key player in facilitating the acquisition. Fidelity further reduced the valuation of its X holding
Google Settles $5 Billion Lawsuit Over Incognito Mode Tracking
Google has agreed to settle a consumer privacy lawsuit seeking a minimum of $5 billion in damages over accusations of tracking user data during what was believed to be private internet browsing. The focal point of the lawsuit revolved around Google's "incognito" mode in the Chrome browser, with plaintiffs contending that it provided users with
Protect yourself from cyber scammers during the festive season
The holiday season is a time associated with joy and festive cheer, also presents an increased risk of cyber threats, particularly as online activities surge. To safeguard yourself and your data during this festive period, it's essential to adopt extra vigilance. Here are crucial tips to enhance your cybersecurity: Public WiFi Awareness: When shopping in
Electric Vehicle sales in India grew by nearly 47% to 1.5 million units in 2023
India, a significant player in the global automotive industry, is shifting its focus towards adopting alternative fuels to combat pollution. This strategic move comes after the country has expanded its consumer and vehicle bases and established local manufacturing facilities over the past two decades. The pivotal year in this transition will be 2024, as India,