TikTok halts e-commerce service in Indonesia following ban
TikTok Indonesia said it will end transactions on its e-commerce marketplace by Thursday, in order to comply with new local regulations. The announcement comes after the Indonesian ministry of trade last week set a one-week deadline for TikTok to become a standalone app, without any e-commerce feature, or risk being shut down. “Our priority is to […]
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
Billionaire LVMH CEO Bernard Arnault has hit back at allegations of money laundering, after the Paris prosecutor’s office confirmed it is investigating financial transactions between Arnault and Russian oligarch Nikolai Sarkisov. The prosecutor’s office confirmed Friday that a preliminary investigation had been underway since 2022 and that a report from France’s Tracfin financial intelligence unit relating to an Alpine […]
30 Days To Approve Mango Airlines Sale Says DPE
The Department of Public Enterprises has announced its intention to appeal a recent court ruling regarding the sale of Mango Airlines. Mango, a subsidiary of the state-owned South African Airways (SAA), has been grounded since July 2021. The North Gauteng High Court issued a ruling in September, directing Public Enterprises Minister Pravin Gordhan to make […]
Stats SA Unveils Explosive Job Market Resurgence
Statistics South Africa (Stats SA) recently released data indicating a significant upswing in formal non-agricultural sector employment during the second quarter of the year, marking a noteworthy milestone as it surpassed the 10 million job mark. The quarterly addition of approximately 39,000 new jobs was complemented by a striking year-on-year growth rate that nearly tripled […]
Kidnapping syndicates are targeting business people and students in South Africa
Kidnapping is on the rise in South Africa, Police Minister Bheki Cele warns, and criminal syndicates are not only targeting wealthy business people and their families but also university students. South Africa has seen a notable 8.6% increase in reported kidnapping cases compared to last year, with 3,854 cases reported between April and June 2023 […]
Poultry Shortage Crisis: Namibia’s Decision to Ban South African Imports
The National Directorate of Animal Health has officially confirmed Namibia’s decision to impose a ban on poultry imports from South Africa due to the severe outbreak of avian flu in the latter country. This import suspension encompasses live poultry, various bird species, and all poultry products. The repercussions of the avian flu outbreak have been […]
Nissan says all its cars will be electric by 2030
The announcement comes despite the UK postponing its 2030 ban on the sale of new petrol and diesel cars to 2035. Nissan’s boss said the firm’s move was “the right thing to do”. Car trade body the SMMT has voiced concerns that the postponement of the ban would see consumers delay the switch to electric […]
Metaverse: What happened to Mark Zuckerberg’s next big thing?
There was a time before ChatGPT when the tech world was talking about something entirely different. Remember the metaverse? For a while it dominated tech news. A virtual reality world that would be so immersive, so engaging, that we would want to spend part of our lives in it. Driving the metaverse narrative was Mark […]
Thailand expects Tesla, Google, Microsoft to invest $5 billion, says prime minister
Thailand’s Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. “Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,” he said, without detailing whether the $5 billion was expected to be a combined […]
Kanye ‘didn’t mean what he said’ about Jews, Adidas CEO says
Adidas CEO Bjørn Gulden said he doesn’t think Kanye West “meant what he said” when the rapper spewed antisemitic comments last year. In a recent podcast interview, Gulden complimented West, also known as Ye, calling him “one of the most creative people in the world.” Gulden said the fact that Ye made the statements “wasn’t that good” […]
