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Analysts say Apple iPhone Sales in China Plunge Over 30% in First Week of 2024
During the first week of January, Apple experienced a more than 30% year-over-year decline in iPhone sales in China, in stark contrast to competitors like Xiaomi and Huawei, which maintained flat sales, as per a recent note from Jefferies analysts. Jefferies analysts anticipate a double-digit drop in Apple's iPhone volume in China for the entirety
World Bank Forecasts 3.3% Growth for Nigerian Economy in 2024
The World Bank has revised its growth outlook for Nigeria, foreseeing a robust expansion of 3.3 percent in 2024, according to its Global Economic Prospects report for January 2024. The report also anticipates that the country's per capita income will return to pre-pandemic levels by 2025, showcasing a resilient recovery from the impacts of the
The Trailblazing New Generation of Tech Marketers
The role of B2B tech marketers has emerged as a key player within companies aiming to thrive in the digital space, bridging the gap between complex technology solutions and communicating these to suit the needs of businesses. To succeed in the diverse and dynamic field, marketers need to possess some key qualities. Be inquisitive Be
OpenAI launches a store for custom AI-powered chatbots
OpenAI has introduced the GPT Store, an online platform within the ChatGPT web client, showcasing a variety of custom chatbot applications powered by its advanced AI models like GPT-4 and DALL-E 3. This move comes after OpenAI hinted at such a development for developers last week. The GPT Store features a collection of GPTs, contributed
Gartner Names Trend Micro a Leader in Endpoint Security
Trend Micro Incorporated announced further recognition today for its flagship cybersecurity platform: Trend Vision One™ was named a Leader in Gartner’s latest Magic Quadrant report. Trend has been named a leader in every Gartner Magic Quadrant report for EPPs since 2002. Gareth Redelinghuys, Country Managing Director, African Cluster at Trend: “Whether it’s a cloud workload, an on-premises
Court orders Nigerian govt to pay compensation to embattled former central bank chief
In Abuja, the capital of Nigeria, a court has ruled in favor of Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), granting him a compensation of $100,000 (equivalent to N100,000,000) due to his wrongful detention. Judge Olukayode Adeniyi of the High Court of the Federal Capital Territory (FCT) determined that the
Wading through complexity: Enterprise connectivity doesn’t need vellies or wellies
Connectivity is fundamental to a thriving enterprise. Cloud sprawl, security, scale, inflexibility, compatibility, integration – these are pervasive challenges for organisations wanting connectivity that’s capable of managing user demands and their infrastructure. Yet, as a recent Forrester survey found, 40% of organisations feel that they are losing control over their technology estates thanks to a
Fujitsu in the firing line over UK Post Office saga
A major Japanese tech giant finds itself in the hot seat as British lawmakers target them for designing faulty accounting software, leading to what's being termed as the largest miscarriage of justice in the country's history. Fujitsu is under scrutiny for developing the Horizon IT system, which resulted in the wrongful convictions of around 700
SAP set to pay up billions to settle corruption probe
SAP, the renowned German software corporation, has finalized settlement agreements with the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and South Africa's National Prosecuting Authority, agreeing to pay more than US$220 million (approximately R4.1 billion) to address allegations against it. Expressing satisfaction, SAP acknowledged the resolution of what it referred to as
AI, supply chain efficiency and ERP – the top manufacturing trends for 2024
2023 was a tough year for manufacturers. According to research from Deloitte, the sector was in contraction for most of 2023. This was, in large part, due to geopolitical tensions, economic uncertainty and climate change, which have all transformed the global manufacturing landscape as we know it. And industry performance predictions for 2024 paint an equally
Sungrow's Global Recognition: No. 12 on 2023 Fortune Future 50 List
Sungrow Power Supply, a major player in global inverter brand with 405GW installed worldwide, reinforces its presence in South Africa, offering dependable power solutions during the country's challenging load shedding times. According to Jordaan, based on current projections, 2024 may moderate to 2.5 blackout hours per day. Despite this, scheduled outages will persist. Sungrow remains
HPE to Acquire Juniper Networks to Accelerate AI-Driven Innovation
Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all cash transaction for $40.00 per share, representing an equity value of approximately $14 billion. The combination of HPE and Juniper
X rolling out new online video shows
The social media platform formerly known as Twitter, X is adding more changes and it has made an announcement that it is rolling out a slate of new video shows, including a partnership with former CNN anchor Don Lemon. Lemon will be hosting host a 30-minute show on X called “The Don Lemon Show,” which
Microsoft looking to accelerate scientific discovery with AI service
Microsoft is leveraging advanced computing capabilities and artificial intelligence to revolutionize the great task of discovering novel chemical compounds and materials. These innovations hold promise for a range of applications, from enhancing battery technology to formulating eco-friendly paints. Jason Zander, Microsoft's Executive Vice President for Strategic Missions and Technologies, revealed that the Pacific Northwest National
Getty Images launches a new GenAI service for iStock customers
Getty Images unveiled its latest offering, Generative AI by iStock, at CES 2024, introducing a service that employs AI trained on Getty's vast iStock photo and video collections to produce new licensable images and artwork. This innovative service, backed by Nvidia's technology, aims to ensure generated content avoids copyrighted elements such as recognizable products, individuals,
Why ethical procurement matters in supply chain
There can be no question that South African organisations are facing challenges on several fronts. Even without factoring in the country’s electricity crisis, the business landscape is beset with issues such as regulatory risk, global supply chain constraints and worker strikes. Additional pressure is coming from soaring external spend, squeezing many companies’ profit margins. According
Meeting ESG demands is possible despite South Africa’s problems, the question is how
South Africa is a complex landscape for Environmental, Social and Governance requirements. Water scarcity, energy shortages and carbon emissions heighten environmental concerns while the country’s social challenges, including labour strikes, income inequality and racial disparities, are well documented. From an administrative perspective, political instability and corruption continue to overshadow the nation’s efforts for renewal in
Report says Johnson and Johnson will pay $700 million over their talcum baby powder
Johnson & Johnson is set to pay around $700 million to settle an investigation by more than 40 states into its marketing of talcum powder, according to sources listed by Bloomberg. The agreement aims to resolve allegations that the pharmaceutical company failed to warn consumers about cancer risks associated with its talcum-based baby powder. Although
Meet KIA’s van of the future packed with advanced technologies
Kia has unveiled its plan to revolutionize the commercial vehicle industry with the Platform Beyond Vehicle (PBV) business, announced at the 2024 CES show in Las Vegas. The strategy begins with a new modular vehicle, showcased by the Kia PV5 Concept, and will progress through multiple phases to introduce advanced technologies. The PBV's customisation concept
IMF Approves $60.7 Million Disbursement for Mozambique
The executive board of the International Monetary Fund (IMF) has concluded the third review of Mozambique's three-year loan program, resulting in an immediate disbursement of $60.7 million to Maputo. With this review, the total disbursements under the $456 million Extended Credit Facility program, approved in 2022, have reached approximately $273 million, according to the IMF.