The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rate was reduced to 7% and the prime lending rate was reduced to 10.5%.
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G20 finance ministers meet on world economy hit by crises, conflicts
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Thames Water says needs more time for financial turnaround
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Blue Origin announces space launch next week, first since 2022 crash
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Krispy Kreme doughnuts, the latest US chain to try its luck in France
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S. Korea earmarks $24bn in aid, investment support for Africa
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Japan inflation slows to 2.2% in April
The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's two percent target.
Kenyan president warns debt clouds Africa climate potential
Africa's vast potential in the global fight against climate change is at risk due to the heavy burden of debt and lack of international investment, Kenyan President William Ruto said Thursday. "Africa's role in addressing climate change is not guaranteed and nobody should take it for granted," Ruto said at Johns Hopkins University's School of Advanced International Studies.
French media progress against X in legal battle over payments
A Paris court ruled Thursday that X needed to provide French media with information about how much money it makes from publishing their content as part of a legal battle over rights payments.
Argentina's Milei sings hard rock at book launch
In a tie and leather jacket, Argentina's President Javier Milei rocked out in front of thousands of fans during the launch of his latest economics book in Buenos Aires Wednesday night. Then, in another twist, he launched into a lengthy lecture from his 13th book "Capitalism, Socialism and the Neoclassical Trap."
AI relies on mass surveillance, warns Signal boss
The AI tools that crunch numbers, generate text and videos and find patterns in data rely on mass surveillance and exercise concerning control over our lives, the boss of encrypted messaging app Signal told AFP on Thursday. "The AI technologies we're talking about today are reliant on mass surveillance," she said.
Boeing shares tumble as company lowers 2024 cash forecast
Boeing shares were hammered Thursday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024. But on Thursday, West withdrew that forecast, indicating the company would likely have negative cash generation for the year.
US new home sales miss expectations in April
Sales of new US homes were weaker than analysts expected in April, government data showed Thursday, with slower mortgage demand appearing to bog down the number of transactions. While sales data can be volatile and revised later, the April selling pace was lower than the first quarter average of 653,000, noted Rubeela Farooqi, chief US economist at High Frequency Economics.
EU hits Oreo maker Mondelez with 337.5 mn euro antitrust fine
The EU on Thursday slapped a 337.5 million euro ($366 million) fine on Mondelez, the US confectioner behind major brands including Toblerone and Oreo, for forcing consumers to pay more by restricting cross-border sales.
WiFi, drones and sharp blades on Japan's whaling mothership
In whale-motif jacket, shirt and tie plus a whale-shaped hat, Hideki Tokoro shows off Japan's new whaling "mothership", the Kangei Maru -- slicing blades, butchery deck, freezers and all. Japan also wants to resume hunting fin whales, the world's second-biggest animal after the blue whale.
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