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Panasonic appoints Kusumi new CEO, replacing Tesla supporter Tsuga
Japan’s Panasonic Corp said on Friday it has appointed Yuki Kusumi, the head of its automotive business, as its next chief executive officer, replacing Kazuhiro Tsuga, a supporter of Tesla Inc Chief Executive Officer Elon Musk. The change, effective April 1, comes as strong sales of Tesla electric vehicles have allowed Panasonic’s battery business to
Asian stocks soars higher as Biden cements presidential win
Asian shares eked out gains on Friday and U.S. stock futures turned higher after U.S. president-elect Joe Biden was projected to win the battleground state of Arizona, cementing his win for the office. The projection by Edison Research dealt another blow to President Donald Trump’s struggling effort to overturn the results of the Nov. 3
Google ending free unlimited storage for photos
Google has revealed that it is putting an end to free storage for photos and it will begin charging users to store their photos on the cloud if these photos exceed 15GB. The changes are said to begin on the 1st of June 2021, and all photos uploaded to the Google Photos cloud storage service
SABC cutting up to 400 jobs and freezing salary increases
The South African Broadcasting Corporation (SABC) revealed that it will cut up to 400 jobs, which is way less than the originally projected figure of 600 people that were going to be retrenched. The broadcaster said that comes after it has exhausted all other options, and it is now at a place where it has
Deutsche Telekom raises guidance as U.S. unit outperforms
Deutsche Telekom DTEGn.DE raised its earnings guidance on Thursday as its reported forecast-beating third-quarter results, lifted by outperformance at its recently-merged U.S. unit T-Mobile TMUS.O. The transatlantic telecoms group upped guidance for core profit to 35 billion euros ($41.2 billion) this year, saying T-Mobile was ahead of plan on network integration while it added the
New lockdown rules under alert level 1
The Cooperative Governance and Corporate Affairs Minister Nkosazana Dlamini-Zuma has published the updated alert level 1 lockdown regulations for South Africa. This comes right after President Cyril Ramaphosa addressed the nation on 11 November, where he said that certain level 1 lockdown regulations would be eased. Changes include the removal of restricted trading hours for
BMW’s new electric scooter concept aims to be your perfect cyberpunk mount
BMW is trying to reclaim its mantle as a leader in electric mobility. As part of a suite of announcements outlining the German automaker’s latest products, BMW revealed a bold new electric scooter concept: the Motorrad Definition CE 04. In true concept form, the company hasn’t released any specs, and it hasn’t said if or
Hyundai reportedly in talks to buy robot-maker Boston Dynamics
It has been reported that Hyundai Motor Co. is in talks to buy the robotics company that is responsible for several interesting robots, Boston Dynamics Inc., and their robots include Spot and Atlas –two of the interesting bots to walk the Earth. A sale of Boston Dynamics would mark another twist in the trajectory of
Goldman hires Barclays banker Bion to ride insurance deal boom: memo
Goldman Sachs GS.N has poached Barclays' insurance banker Marguerite Bion to win more business from Europe's biggest insurers as industry consolidation heats up amid anaemic profitability and tightening regulation. Bion, who started her career at Citigroup C.N in 2001 and spent the last decade at Barclays BARC.L, will join Goldman in February as a London-based
Young people can now sign up for online courses, for free
The minister of Communications, Telecommunications and Postal Services, Stella Ndabeni-Abrahams has confirmed that applications for online courses to train young people in data science and related skills are now open. This comes after she made an announcement during last month’s women in STEM webinar hosted by the United Nations Office for South-South Cooperation and the
WATCH LIVE: Ramaphosa addresses the nation
President Cyril Ramaphosa will address the nation on Wednesday at 8pm. Ramaphosa is expected to speak on measures government will take to curb the spread of the coronavirus. As of Tuesday night, there almost 20,000 reported COVID-19 related deaths in South Africa. The cumulative number of detected infections is now at 740,254. In September, South
FNB to launch their virtual card on Monday November 16
First National Bank (FNB) has confirmed to that they will officially be launching their virtual card service on Monday November 16. The product was first announced in July 2020, and the bank had said it would roll out this service to customers over the following few months. Confirming to MyBroadband, CEO of FNB Card Chris
Ramaphosa to address the nation tonight
President Cyril Ramaphosa is expected to address the nation at 7pm on Wednesday. Ramaphosa is expected to provide an update on the government's strategies to manage the coronavirus pandemic. Earlier this week, in his weekly newsletter, the president urged South Africans to continue adhering to health regulations in order to avoid a second wave of
Occidental Petroleum announces net-zero target for greenhouse gas emissions
(Reuters) – Occidental Petroleum Corp OXY.N on Tuesday laid out a target to reduce greenhouse gas emissions at its operations to net zero by 2040, becoming the latest oil and gas company to set long-term climate goals. Oil and gas producers, under pressure from investors who want to see the industry operate more cleanly, have
Alibaba doubles sales as Singles' Day gets into full swing
China's Alibaba said orders on its e-commerce platforms during the Singles' Day shopping extravaganza had exceeded $56 billion by Wednesday morning, as lockdown-weary consumers splashed out on as many as 16 million discounted goods. The world's biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spans four main days
Introducing a new shopping website for South Africans
One of South Africa’s biggest automotive groups, Motus Holdings has introduced a new car shopping website that will help South Africans browse through and buy both new and used cars and motorcycles. The new website allows users browse through cars owned by Motus Franchise Dealers. You can filter cars, trucks, and motorcycles according to whether
PS5 media remote hands-on: simple, streamlined, safe
In comparison to the PlayStation 5 itself — a big hulking mass of a game console — the PS5-branded media remote is very conservative. It does pretty much exactly what you’d expect from a media remote and not much more, but at least it’ll match your new games machine. Setting up the remote is incredibly
Sun International rises above Covid-19 turmoil
Sun International said on Tuesday that it was on the mend after its operations were severely curtailed by the trading restrictions placed by governments following the Covid-19 outbreak, with its South African operations at the centre of its recovery. The group said South African casino operations resumed trading from the beginning of July after the
Dutch government orders further anti-spying measures for telecoms
The Dutch government on Wednesday ordered a raft of new security regulations for telecommunications providers, including rules on equipment and software suppliers and a requirement that only people with background checks are allowed access to networks. The requirements, which will cover major providers KPN KPN.AS, T-Mobile and Vodafone VOD.L, are part of a series of
Zoom enhances security after US claims it misled users
Zoom Video Communications Inc. consented to to enhancing its security to settle claims it misled users about access to online meetings and other issues, the U.S. Federal Trade Commission said. Since at least 2016, the videoconferencing platform, which skyrocketed in popularity this year because of coronavirus lockdowns, said it offered a higher level of encryption