Statistics South Africa released its latest Quarterly Labour Force Survey, which revealed that more women than men are unemployed. South Africans weighed in.
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IMF agrees funding boost, extra Africa board seat
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IMF chief says AI holds risks, 'tremendous opportunity' for global economy
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Airlines eye 'new frontier' of AI ahead of global summit
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Nvidia boss unveils AI products ahead of Taiwan expo
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Nintendo ups net profit forecast on weak yen, steady Switch sales
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Japan begins on-site inspection to Toyota unit Daihatsu
Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.
Asian markets track Wall St losses as traders pause after rally
Asian markets turned negative Thursday as investors took their foot off the gas after an extended rally fuelled by expectations the Federal Reserve will slash interest rates next year. "An upside surprise in the figures is crucial to bolster the credibility of the Federal Reserve's efforts to push back against market rate cut expectations.
US electric scooter company Bird files for bankruptcy
US electric scooter rental company Bird announced Wednesday that it filed for bankruptcy protection as the once-hot startup reorganizes itself. Bird was part of a generation of scooter companies that grew fast in the late 2010s.
EU strikes budget reform deal after two-year wrangle
The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences. Dutch minister Sigrid Kaag said: "This agreement provides for fiscal rules that encourage reforms, with room for investments and tailored to the specific situation of the member state in question.
US home sales edge up in November but still gloomy
Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity. But NAR chief economist Lawrence Yun sounded an optimistic note, saying that the persistently low sales figures reflect the situation in most of October when mortgage rates were at a two-decade high.
Sharp decline alert: Liquidations plummet by 13.3% year on year
Significant shifts are noted in the financial realm as liquidations see a dramatic 13.3% decline. This decrease signals economic trends in the market landscape.
EU court sides with Ryanair over Air France-KLM aid
A top EU court annulled on Wednesday the approval of a pandemic state aid programme for Air France-KLM that had been challenged by Irish rival Ryanair and Malta Air. The court noted that Ryanair and Malta Air had argued that the measures were "contrary to EU law".
UK inflation hits lowest level in more than two years
British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes.
On yer bike: London firms turn to cargo bikes
On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his next job by bike. Like Hume-Wright, environmental considerations were a key factor for the switch.
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