Business and Economy

Business and Economy Latest News

UK block leaves Microsoft's $69-bn Activision takeover in peril
UK block leaves Microsoft's $69-bn Activision takeover in peril
by  AFP

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming. The video games market needs competition in cloud gaming to continue to thrive, the CMA argued.

Kremlin warns it could widen foreign company asset seizures
Kremlin warns it could widen foreign company asset seizures
by  AFP

The Kremlin warned on Wednesday that Russia could widen the list of foreign companies subject to temporary asset seizures in case of the "expropriation" of Russian assets abroad. "If necessary, the list of companies could be expanded," Kremlin spokesman Dmitry Peskov told reporters, a day after President Vladimir Putin signed a decree allowing asset seizures.

Power theft costs S.Africa's Eskom $55 million a month: ex-CEO
Power theft costs S.Africa's Eskom $55 million a month: ex-CEO
by  AFP

An average $55 million has been siphoned off every month from South Africa's energy firm Eskom which is battling to supply power, a former CEO told lawmakers on Wednesday. Andre de Ruyter said an estimated one billion rand ($55 million) "is stolen from Eskom" each month.

Energy

Money

Industry

Technology

Economy