The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market. After India’s government announced last week that satellite spectrum for broadband would be allocated administratively rather than through auction, this battle has only heated up.…
Zander Mundy was midway through a typical day at his office when he heard the news: tech billionaire Elon Musk was speaking at a nearby school in the town of Folsom, in the US state of Pennsylvania. “When is the richest guy in the world in town often?” Mr Mundy…
China’s economy, long seen as a key driver of global growth, has entered a period of significant slowdown. In the third quarter of 2024, the economy expanded by 4.6% year on year, marking the weakest growth in 18 months and falling short of the government’s 5% full-year target. The latest…
Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East. Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight…
South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury. However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward…
US Open champion Aryna Sabalenka has risen to number one in the latest WTA rankings, ending Iga Swiatek’s 11-month stay at the summit. Belarusian Sabalenka, who also retained her Australian Open title in January, tops the rankings for the second time after an eight-week stay between September and November 2023.…
Fifa has been accused of not paying the final part of agreed sums to players across Europe whose contracts have not been honoured by their clubs. A number of sources from different countries with knowledge of the situation say while some payments were made by football’s world governing body, the…