Tencent’s revenue miss heightens pressure for faster AI payoff
Sales for the three months ended March climbed 9% to 196.5 billion yuan.
Zambia cuts rates as inflation eases, bucks global pause
The monetary policy committee lowered the benchmark interest rate to 13.25% from 13.5%, Governor Denny Kalyalya said.
FirstRand Brexit: Group hires BofA, RMB to advise on sale of Aldermore unit
The group said in April that it would work on 'an orderly ownership transition' from Aldermore after it was forced to more than triple how much it set aside to cover compensation for customers over claims they were missold car loans in the UK.
Iran war will make EU more reliant on US gas than ever: IEEFA
America might even leapfrog Norway, currently Europe’s biggest piped-gas supplier, in terms of total gas share.
Octodec repositions for future growth
CEO Jeffrey Wapnick discusses the company's six-month results to end February, highlighting the disposal of non-core properties, strong rental income growth and impressive collection rates.
Lawmakers query Iran war cost as Trump renews strike threats
Defense Secretary Pete Hegseth declined to give a breakdown of costs as he faced questions in Congress during a hearing on the administration’s unprecedented $1.5trn defense spending request for next year.
Macron seeks to recast France-Africa ties with $27bn push
Shows a pivot away from financial aid to investment for the continent.
Alibaba, Tencent AI bets face ‘show me the profits’ scrutiny
Investors will be looking for evidence that their heavy investments in artificial intelligence are translating into real returns, and whether they can secure enough chips to support those ambitions.
South Africa wants more ‘Global South’ tourists
New visa reforms, including the Electronic Traveller Authorisation system and Digital Nomad Visa, are aimed at making travel to the country easier and more seamless.
Africa CDC and top local drugmaker Aspen in vaccine supply talks
Aim to create a multi-year demand-and-supply framework to support sustainable vaccine production.