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Lufthansa said it does not expect air travel demand to return to pre-crisis levels before 2024 as a steep drop in revenue pushed it to its worst-ever quarterly operating loss.
Microsoft is reportedly exploring a deal to buy all of TikTok’s global operations, including the video-app’s service in India and Europe.
The Bank of England said that Britain's economy would probably take longer to get back to its pre-pandemic size than it previously thought.
Diamond prices and demand were weak before the lockdown, but enforced proximity looks to be kindling romance and feel-good spending in South Africa.
Johnson & Johnson is the latest drug company to announce it will supply a potential Covid-19 vaccine to the US in exchange for $1 billion.
Toyota posted a 98% plunge in its first-quarter operating profit on Thursday as the coronavirus pandemic halved its global sales.
As South Africa's ban on the sale of alcohol stretches on, international experts question the rationale behind it.
Chinese-owned social media app TikTok announced it will set up its first data centre for European users in Ireland, which it expects to be operational by early 2022.
MTN, which was led into Middle East by its former CEO Phuthuma Nhleko in the early 2000's, plans to exit the region over the medium term and focus on the African continent.
Pick n Pay CEO Richard Brasher has been credited with turning the Raymond Ackerman founded company around but achieving market share gains has proved difficult in competitive SA market.
South Africa's largest cigarette manufacturer, British American Tobacco, is challenging the ban on the sale of tobacco products during the Covid-19 lockdown.
BMW on Wednesday said it expected to post an operating profit for the full year despite lockdowns pushing the carmaker to a second-quarter operating loss.
A bail hearing by Zoom for the 17-year-old who hacked some of the world’s highest-profile Twitter accounts last month was interrupted by participants showing porn.
BP cut its dividend for the first time in a decade after reporting a record $6.7 billion loss in the second quarter as the coronavirus crisis hammered energy demand.
Alphabet's Google is buying a 6.6% stake in home security firm ADT for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices.
MTN Group is considering selling part or all of its $243 million interest in Jumia Technologies AG, according to people familiar with the matter.
China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell TikTok's US operations to Microsoft.
Virgin Australia plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator.
One of the world's largest gold mining company Gold Fields forecasts its earnings to nearly double, this due to the increasing price of gold.
Financial services firm said death claims related to Covid-19 were low to date but are starting to increase.