Nedbank’s ReNEW Programme tackles youth unemployment and environmental challenges by funding and scaling youth-led circular economy businesses across South Africa.
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IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy
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Rating agencies doubt France's target to cut massive debt
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US announces sweeping cuts to power sector carbon emissions
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German defence firm Rheinmetall plans Ukraine arms factories
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Venezuela vows 'forceful' response if oil drilling begins in disputed zone
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Asian markets fall after US data dent rate cut hopes
Markets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year. But she added that "at this stage, we expect the BoJ to wait until around October before increasing interest rates again".
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.
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