Navigating Cloud Security Challenges, South African Executives Seek Solutions
A recent survey among South African business leaders revealed that 89% are deeply concerned about cloud security, echoing global anxieties. The nation’s tech sector faces challenges stemming from a domestic skills crisis, with cybersecurity (37%) and a lack of technical skills (39%) cited as major barriers to cloud adoption. Interestingly, South Africa’s primary focus is on basic security risks, in contrast to more mature markets that grapple with advanced threats. The country’s cloud computing market is on the rise, with 35.8% of businesses hosting over 50% of their workload in the cloud. However, ensuring the right talent remains a challenge in this digital transformation journey.
Exclusive: First Quantum warns employees that Panama mine may close if dispute is not settled
First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters.
Exclusive: Airbus roiled by poor start to 2023 as industrial pressure grows
The boss of European planemaker Airbus has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus cannot deliver fewer jets than its now-abandoned target for 2022, industry sources said.
Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges
As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling.
China holds emergency talks with chip firms after U.S. curbs -Bloomberg News
China’s Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the U.S. chip restrictions, Bloomberg News reported on Thursday.
Exclusive: Credit Suisse sounds out investors about capital hike – sources
Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank.
FedEx’s new CEO to chart growth plan as challenges mount
FedEx Corp’s (FDX.N) new chief executive on Wednesday will lay out long-term growth plans for the global shipping firm that is grappling with cooling economies, rampant inflation and pressure from both an activist investor and unhappy delivery contractors.
Top trading houses speak at commodities conference
Executives from the world’s largest trading houses and mining companies are at the FT Commodities Global Summit this week, discussing market trends, cyber security and the impact of the conflict in Ukraine.
Singapore announces 2022 budget proposals
Following are some excerpts taken from Singapore’s 2022 budget proposals announced by Finance Minister Lawrence Wong to parliament on Friday.
Analysis: After U.S. bank stock surge, options traders brace for earnings-fueled volatility
Bank stocks have rallied in recent weeks, but a pick-up in hedging on a key financial sector exchange-traded fund may be a sign that investors are wary of earnings season volatility, options market experts said.
