News24 Business | Prosus CEO Bloisi has R370bn and is ready to spend in Europe
Prosus NV chief executive officer Fabricio Bloisi said the technology investor has close to $20 billion (R371 billion) to spend and is ready to grow in Europe.
Business
Reddit groups ban X links in protest at Musk arm gesture
Moderators of groups with millions of users say the block is a result of the billionaire’s on-stage gesture.
Sainsbury’s to cut 3,000 jobs and shut cafés
The supermarket giant blames a “challenging cost environment” for the widespread cutbacks.
News24 Business | How Real Madrid became the first club to earn a billion euros in a single season
LaLiga giants top the Football Money League ahead of Manchester City and PSG, as Manchester United climb up to fourth.
News24 Business | Musk bashes Trump’s AI mega project
Tech titan Elon Musk cast doubt Wednesday on a $500 billion AI project announced by US President Donald Trump, saying the money promised for the investment actually wasn’t there.
News24 Business | Billionaire Bloomberg to fund UN climate body after US withdrawal
Billionaire Michael Bloomberg announced that his foundation will step in to fund the UN climate change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for the second time.
LinkedIn accused of using private messages to train AI
The lawsuit alleges LinkedIn tried to conceal its actions but the firm says the claims are false.
‘I got a credit card as I lost winter fuel payment’
Pensioners who lost winter fuel money after government changes tell the BBC the last few months have been a struggle.
Tesco, Aldi and Lidl hit back at farm inheritance tax
Tesco, Aldi and Lidl call for rethink of inheritance levy announced in Budget
News24 Business | ‘Stupid and embarrassing’: Donald and Melania Trump meme coins spark backlash
Cryptocurrencies launched by Donald and Melania Trump have angered some digital currency advocates and sparked fresh allegations of leveraging the presidency for profit.
News24 Business | Is the UK’s fight with big tech over? Antitrust boss fired for failure to back ‘growth agenda’
Britain forced out the chair of its antitrust regulator after he failed to prioritise its growth agenda, replacing him with a former Amazon boss, in a sign the UK’s attempt to rein in big tech could be over.
News24 Business | December inflation cooler than forecast ahead of expected rate cut next week
The December consumer inflation rate of 3.0% was cooler than expected, while slightly hotter than November (2.9%).
News24 Business | China installs record amount of renewable energy in 2024, data shows
China installed a record amount of renewable energy last year, data from the National Energy Administration showed.
Trump considers 10% tariff on China from February
The new president accused China of sending fentanyl to Mexico and Canada which ends up in the US.
Thousands on hold to HMRC ‘cut off after 70 minutes’
HMRC denies running a “deliberately poor” phone service in an attempt to push customers online.
Treasury steps in to protect car loan firms’ payouts
The government is concerned major compensation for the mis-selling scandal could hurt the car industry.
Government fires UK competition watchdog chair
Marcus Bokkerink is leaving as the government signals it is serious about growth, the BBC understands.
News24 Business | Trump scraps AI safety safeguard
Newly inaugurated US President Donald Trump has rescinded a Biden administration executive order that established oversight measures for companies developing influential AI models.
China calls for ‘win-win’ solution to trade tensions
With the threat of a trade war looming, China’s first vice premier says the country wants to boost imports.
News24 Business | Business brief | Jubilee celebrates Zambian power deal; Yokohama gets nod for SA tyre boost
An overview of the biggest business developments in SA and beyond.
News24 Business | Suez expansion to be operational in first quarter, canal chair says
The new stretch of the Suez Canal near Egypt’s Little Bitter Lake will be operational in the first quarter of this year, the chairperson of the canal authority Osama Rabie said on Tuesday.