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The highest-flying consumer tech stocks have lost $1 trillion

Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies, including Facebook, Amazon, Apple, Alphabet and Netflix, are falling again — contributing to the big indexes like the Dow Jones

This year marks positive turning point for South African economy – economist

Despite South Africa having experienced subpar economic growth in the last decade, financial services firm Citibank economist Gina Schoeman believes this year has marked a positive turning point for the country. While the country's gross domestic product (GDP) growth is expected to be only 0.8% this year, she pointed out

Japan’s Freee raises $60M to grow its cloud accounting business

Japan-based accounting software company Freee, one of the country’s most-prominent startups, has raised a $60 million Series E funding round as it bids to expand its services into other areas of management for its customers. Freee was founded six years ago — we wrote about the startup when it raised a Series

Naspers is in talks to invest in Southeast Asia’s Carousell

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong.

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