BRICS

BRICs drive solid iPhone Q2 for Apple

Tech giant Apple reported healthy Q2 earnings, with increased iPhone and Mac sales versus the year-ago quarter. The 35.2 million iPhones sold were a new record for the quarter, up 13% on the same quarter a year ago.

Bank of China to fund Africa-America submarine cable system

Bank of China is set to fund the construction of an undersea cable system linking South Africa and Angola to Brazil, with onward connectivity to North America. The South Atlantic Express Cable (SAex) is intended to reduce latency and bandwidth costs by connecting Africa to the Americas via its shortest route to date; most of South Africa’s Americas-bound traffic currently routes via Europe.