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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Poland, Ukraine hold talks on farm imports dispute
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Despite oil riches, Libyans hit by plummeting purchasing power
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Military spending pushes Russian economic growth up
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Asian stocks track US gains in 'Santa Claus rally'
Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March. "The bets for a March Fed cut continue to grow, helping to propel stocks higher," said Navellier.
Apple to appeal US Watch ban
Apple said on Tuesday it will appeal a US import ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements. The ban on Apple's latest smartwatch models came into effect Tuesday, with the Apple Watch Series 9 and Apple Watch Ultra 2 no longer available in stores or online.
US holiday sales growth estimated at 3.1%: Mastercard
Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy. The growth in this year's holiday sales is below 2022 holiday season sales increase of 5.3 percent and much below the 2021 figure of 14.1 percent, according to NRF data.
Apple Watch import ban goes into effect in US patent clash
A US import ban on certain Apple smartwatch models came into effect Tuesday, after the Biden administration opted not to veto a ruling on patent infringements. The United States International Trade Commission (ITC) decided in October to ban Apple Watch models over a patented technology for detecting blood-oxygen levels.
Homelessness soars in rural England as living costs hit poor
Homelessness in rural England has risen by 40 percent in five years with many sleeping in the open air, tents or makeshift shelters, a British rural charity said on Tuesday.
Toyota's Daihatsu suspends all domestic production
Japanese car maker Daihatsu has suspended all its domestic production as the Toyota-owned company faces a massive safety testing scandal. Last week, the company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under the Toyota brand which also are being suspended.
'Urban mining' offers green solution to old solar panels
As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? With the United States among countries committed to weaning itself off fossil fuels following a landmark COP28 climate agreement, solar panel installation looks set to increase to a peak two decades from now.
Chinese EV automaker BYD to build car factory in Hungary
China's top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition. BYD already has operations in Hungary, including an electric bus factory.
Cummins to pay $1.67 bn to settle engine emission control claims
US engine maker Cummins Inc has agreed to pay $1.67 billion to settle claims it installed devices to defeat emissions controls in hundreds of thousands of pickup truck engines, the Justice Department said Friday. Defeat devices and auxiliary emission control devices were allegedly installed on nearly one million engines produced since 2013 for RAM pickup trucks, which are made by Stellantis.
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