IANS

IANS Wire Service

Goldman Sachs cuts forecast for oil prices by nearly 10%

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Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from the sanctioned countries, including Russia, ...

Australian mining giant says it underpaid workers for 13 years

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The firm said it had reported the incident to the authorities and the errors would cost the company up to $280 million (R5. 5 billion) before taxes, reports the ...

Twitter okayed 83% of govt requests to restrict content, Musk reacts

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The outgoing Twitter CEO last month told the BBC that he would comply with the law of the land in India rather than send his people to jail as the country has ‘strict ...

Tesla Model Y becomes 1st EV to earn world’s best-selling car tag

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Tesla Model Y surpassed Toyota's RAV4 and Corolla models to top global sales rankings in the first quarter of 2023, according to data from Jato Dynamics.

Meta patches FB bug that sent unwanted friend requests to users

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One user posted on social media: “Facebook letting your stalkers be known today!” Another called it “the funniest thing Facebook has ever done”.

BRICS currency to pose threat to dollar's dominance

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A currency issued by Brazil, Russia, India, China and South Africa would pose a unique threat to the dollar's dominance.

Zoom sacks president Greg Tomb 'without cause' Zoom sacks president Greg Tomb 'without cause'

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A company spokesperson was quoted as saying in media reports that Zoom is not looking for any replacement for Tomb.

Spotify to lay off employees amid deepening slowdown

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The company had nearly 9,800 employees, as last reported.

Samsung to revamp its business strategy

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This move is intended to direct the fight directly at Apple and assist the company in becoming the leading Original Equipment Manufacturer.

Biggest ever lottery prize of $2. 04bn jackpot won

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This grand prize was reportedly the largest ever for Powerball and the largest in American lottery history.

The combined fortune of Rishi Sunak and his wife is double that of King Charles III

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Rishi Sunak and his wife Akshata Murty's combined fortune is estimated to be ₤730m, double the estimated ₤300–350 million wealth of King Charles and Camilla, Queen ...

This region beats Europe and US with the highest number of billionaires

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Elon Musk is still the richest man in the world, but this region - of emerging countries - with the most billionaires, may surprise you.

World Bank warns of rising global recession risk amid rate hikes

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As central banks across the world are simultaneously hiking interest rates in response to inflation, the world may be edging toward a global recession next year, ...

Five prudent tips to manage personal finances

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Managing your finances will help you reach your financial objectives and better understand where and how you are spending your money.

Under pressure: 10 tips for becoming financially independent

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Being financially independent is more than just being able to cover your essential living needs like rent, food and medical care.

LinkedIn lays off entire global events marketing team: Report

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LinkedIn has laid off "all the employees on the professional social network's global events marketing team amid continued economic uncertainty".

Bitcoin surges past R320 000

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After witnessing free fall for weeks, Bitcoin finally managed to rebound past R320 112 per digital coin on Monday, around 16 percent gain over the weekend.

FC Barcelona approve two mechanisms to re-float club's finances

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Joan Laporta compared the club to a Formula One car that had run out of fuel with a seized engine.

Ferrari says 60% of its lineup will be electrified by 2026

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The carmaker said that by 2026 Ferrari targets a well-diversified product portfolio.

World Bank warns of recession as Ukraine war hits economies already rocked by Covid

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Less developed countries in Europe and east Asia face a major recession.

Another bug in the Google Pixel 6 series

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Some Pixel owners have reported that their phones are failing to ring when there is an incoming call.

Whistle-blower takes on Meta over climate change, Covid misinformation

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The non-profit organisation that represents Facebook whistle-blower Frances Haugen has filed two new complaints against Meta (formerly Facebook), accusing the social ...

World’s largest NFT marketplace OpenSea hacked, 32 users lost NFTs worth R25. 6m

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The world’s largest NFT (non-fungible token) marketplace, OpenSea on Sunday confirmed that it has been hit by a phishing attack and at least 32 users had lost their ...

US state sues Meta over Facebook facial recognition tech

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The state of Texas has sued Meta for using its facial recognition technology without users' consent, and is seeking financial damages.

OPINION: Meta hammering holds key clues for big-tech valuations

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Even as Meta saw $230 billion of market cap melt away, three of the big techs — Microsoft, Alphabet and Amazon — buoyed investors with stellar results.