South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
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Microsoft announces $2.2 bn AI, cloud investment in Malaysia
Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure. The pledge comes after he announced a $1.7 bn investment in Indonesia, as well as Thailand's first data centre region this week to boost cloud and artificial intelligence infrastructure.
Yen slips after rallying on suspected intervention, stocks mixed
The yen weakened Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.
Evictions surge in Arizona with housing shortage and rising prices
Wearing a bulletproof vest and with a gun strapped to his waist, Constable Lennie McCloskey opens his folder and looks through the court orders: eleven evictions to be carried out today. But what he sees most nowadays is people who haven't been able to scrape together enough money to make the rent that month -- sufficient cause for a landlord to get a court ordered eviction.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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