END OF AN ERA: A lone message on a marquee at the Riviera Hotel & Casino thanks patrons after the 60-year-old resort closed on May 4. The Las Vegas Convention and Visitors Authority purchased the property on the Las Vegas Strip for $182.5m and plans to demolish it to make room for more convention space as part of its $2.3bn Las Vegas Global Business District project. (Ethan Miller, AFP)
In other news
Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop in crude prices.
For a glimpse of what may lie ahead in wearable devices, look to academia.
Asia stocks have rallied for a second day, as a buoyant performance on Wall Street on the back of strong US economic data again stoked buying around the region.
Oil prices have edged lower in thin Asian trade as concerns over a global supply glut persisted, with few fresh leads for dealers to track.
Wall Street stocks have risen as news of the first rise in US factory orders in eight months helped sustain positive momentum from last week's rally.
SA shares have crept up, led by resources stocks as investors bet China would come up with measures to boost its economy following weak manufacturing data.
Tesla Motors' plan to generate new revenue from electric car batteries faces stiff competition from both customers and government subsidies critical to growth.
Europe's main stock markets have risen, with Frankfurt's DAX 30 index gaining 1.44% to 11 619.85 points and the CAC 40 in Paris adding 0.70% to 5 081.97.