Category: Business

South Africa’s Telkom (TKGJ.J) is considering options to boost its technology division, including a partnership or acquisition, it said on Tuesday, after weaker-than-expected results at the company’s mobile business hit its shares. Telkom’s technology division, part of its BCX unit,…

Volkswagen (VOWG_p.DE) has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker’s works council that deteriorated further in recent weeks. Diess said he was…

Bitcoin and ether hit record peaks on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class. Though both virtual currencies pulled back from their highs in the U.S. session, their trajectory…

Telecom Italia (TIM) (TLIT.MI) board members will face off this Thursday over plans to reorganise Italy’s biggest telecoms group and extract value from its main network assets as top investor Vivendi (VIV.PA) challenges TIM CEO Luigi Gubitosi. Under pressure to…

French supermarket group Carrefour (CARR.PA) on Tuesday pledged to spend 3 billion euros ($3.47 billion) between 2022 and 2026 to step up digital commerce expansion and boost profits, in line with boss Alexandre Bompard’s future strategy plan. As Europe’s largest…

Boeing Co (BA.N) said on Tuesday that deliveries fell to 27 airplanes in October while its 787 remains sidelined, but the U.S. planemaker seized on strong air cargo demand by winning an order for two 777 freighters for Maersk’s Star…

It has taken $50 billion and two years but the Bank of Israel may have finally accepted it is time to pare interventions and let the shekel juggernaut roll on. What might be changing the equation – alongside the healthy…