South Africa ranked 54th in the 2026 IMD World Competitiveness Ranking, moving up 10 places and overtaking Kenya to become the most competitive economy in Africa
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Iran seizes oil tanker off Oman in dispute with US
Iran's navy seized a ship off Oman to retaliate for the "theft" of its oil from the same tanker last year by the United States, state media said Thursday. The seizure was in retaliation for "violation committed by the Suez Rajan ship... and the theft of Iranian oil by the United States", IRNA said.
At CES, tech for sleep, not late night scrolling
Technology causes us to lose sleep, but can it also give it back? "The reality about sleep is, the more you work for it, often, the more it will elude you," she said, explaining that the sleep metrics "can actually be anxiety provoking."
Airbus says record 2,094 planes ordered in 2023, 735 delivered
European planemaker Airbus said Thursday that it secured 2,094 net plane orders last year, a record for the group as airlines prepare for further global passenger growth and seek out more fuel-efficient planes.
Hertz to shrink EV rental fleet over sluggish US demand
Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing.
US consumer inflation jumps more than expected to 3.4%
Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the bumpy road to cooling price increases as the presidential election looms. From November to December, CPI rose 0.3 percent, up from the prior month's figure as well.
London mayor urges closer UK ties with EU
London's mayor called Thursday for closer ties with Europe and a better debate about immigration as he branded Brexit a "key contributor" to Britain's cost-of-living crisis. "It's a key contributor to the cost-of-living crisis right now and it's resulting in lost opportunities, lost business and lost income."
World added 50% more renewable energy but more needed: IEA
The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday. Prices for solar PV devices fell by 50 percent in 2023 compared to the previous year.
UK unveils plans for 'biggest nuclear power expansion in 70 years'
The UK government on Thursday announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets.
Asian markets track Wall St gains ahead of key inflation data
Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates. "Our expectations are for headline inflation to continue to cyclically bottom well below three percent, possibly to 2.5 percent, and for the Fed to then start cutting rates sometime over the next six months."
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