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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Unemployment rate decreases to 32.1% from 33.5% but SA is still not pleased
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Italy takes over troubled steel mill
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South Africa's unemployment rate increases to 35.3% in the 4th quarter, 7.6 million people without jobs
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Asian markets mixed as traders pause ahead of US inflation data
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Swiss look at using Russian assets for Ukraine reparations
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EU Council President Michel says to step down in July
Belgian politician Charles Michel has announced he will step down as European Council president after running in the European Parliament elections set for June.
US regulator orders inspections on some Boeing MAX 9 planes after emergency
The US air safety regulator announced Saturday it was grounding and ordering inspections on some Boeing 737 MAX 9 airplanes a day after a window panel blew out of one of the aircraft over the state of Oregon.
Global maritime trade sails into geopolitical storm
International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge. - Taiwan elections - Attacks in the Red Sea are not the only ones disrupting international trade.
Deforestation in Brazilian Amazon halved in 2023
Deforestation in the Brazilian Amazon fell by half last year, according to figures released Friday, as President Luiz Inacio Lula da Silva's government bolstered environmental policing to crack down on surging destruction. Environmental groups have accused the Lula government of turning a blind eye to the destruction of the lesser-known Cerrado to appease the powerful agribusiness lobby.
Germany bids farewell to political heavyweight Schaeuble
Wolfgang Schaeuble, a leading figure in German politics for decades and an icon of budgetary rigour in the eurozone, was laid to rest Friday after dying at the age of 81. - 'Pitliless' budget guardian - As finance minister for eight years under Merkel, Schaeuble carved out a reputation as the guardian of German budgetary discipline, particularly during the Greek debt crisis.
US hiring exceeds expectations in December
US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election. The world's biggest economy added 216,000 jobs in the final month of 2023 despite expectations of a slowdown from the prior month, according to Department of Labor data.
Maersk says to avoid Red Sea for foreseeable future
Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships. "We have therefore decided that all Maersk vessels due to transit the Red Sea/Gulf of Aden will be diverted south around the Cape of Good Hope for the foreseeable future," it said in a statement.
Eurozone inflation rises to 2.9% in December
The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs, official data showed Friday. - No victory yet - Energy prices in the eurozone fell in December, by 6.7 percent on an annual measure, but that was less than the 11.5 percent drop in November, data published by the EU's official statistics agency showed.
Tesla to recall 1.6 mn cars in China to fix steering software
Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, marking another blow for the US firm days after it was surpassed in EV sales by China's BYD. The recall -- sparked by the discovery of problems with assisted driving functions and door-locking systems -- will be conducted through remote over-the-air (OTA) updates to the cars' software.
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