Premier Foods has begun a Section 189 process as its R1 billion Tulbagh cannery faces closure, citing US tariffs, weak export demand and rising operating costs.
Premier Foods has begun a Section 189 process as its R1 billion Tulbagh cannery faces closure, citing US tariffs, weak export demand and rising operating costs.
Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street. A sense of optimism on Wall Street pushed all three main indexes higher, with the Nasdaq hitting a new record and the S&P 500 coming within a whisker of its own all-time peak.
OpenAI co-founder Ilya Sutskever announced his departure Tuesday from the startup that ignited an artificial intelligence tech race with its release of ChatGPT. Sutskever said on X, formerly Twitter, that he was leaving after almost a decade at OpenAI, whose "trajectory has been nothing short of miraculous."
The government of Brazilian President Luiz Inacio Lula da Silva announced Tuesday that the CEO of state oil company Petrobras has been sacked. During that time, the company saw four CEOs succeed one another in rapid succession.
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