Saturday, July 13th, 2024

Category: Financial analysis

Amazon Invests Ten Billion Euros in Germany

Amazon has announced a significant investment in Germany, with plans to make the country the hub of its European cloud services. The US corporation is set to invest a substantial 8.8 billion euros into...

Major Shift in South African Shopping Malls: Spar, Pick n Pay, and Shoprite Mandated to Terminate Exclusivity Agreements

The Competition Tribunal has recently sanctioned a consent agreement between the Competition Commission and the Spar Group, aiming to terminate long-standing exclusive lease deals within the grocery retail industry. This confirmation solidifies the cessation...

Sekunjalo’s Reaction to Appeal Court Verdict Allowing Nedbank Account Closures

The Sekunjalo group has reacted strongly following a ruling by the Supreme Court of Appeal (SCA) that allows Nedbank to close the group’s accounts. This verdict, overturning a prior decision by the Equality Court,...

Elon Musk’s Wealth Takes a $16.1 Billion Hit Amid Weak Tesla Earnings

In a significant turn of events, Elon Musk, the richest person on the planet with a staggering fortune of $209.6 billion, saw his wealth plummet by $16.1 billion on Thursday. The reason behind this...