New proposals could replace South Africa's current BEE system with a corporate levy or tax surcharge, as economists signal major changes to transformation policy.
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South Africa secures R25 billion World Bank loan to boost infrastructure and create jobs
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Fly larvae: Costa Rica's sustainable protein for animal feed
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How the Israel-Iran war is hitting South Africans in the pocket
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Panama says its canal produced record revenue despite drought
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Asian markets follow US lead with gains
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New Caledonia unrest pushes nickel sector deeper into crisis
Weeks of unrest in New Caledonia have plunged the archipelago's nickel industry, already on government life support, closer to catastrophe, sector representatives say. And although France has lifted a state of emergency across the territory after two weeks of unrest in which seven people died and hundreds were injured, few expect a fast return to normality in the nickel industry.
US to unveil 'guardrails' needed for carbon markets to succeed
President Joe Biden's administration is set Tuesday to unveil "guardrails" it says will ensure that carbon offset markets effectively reduce greenhouse gas emissions, a significant win for advocates of the contentious schemes.
UK Labour touts pro-business shift as industry figures back party in election
The UK's Labour opposition vowed Tuesday to be both "pro-worker and pro-business" after winning the backing of 120 industry leaders as the party tries to oust the Conservatives in the upcoming general election.
Climate change caused 26 extra days of extreme heat in last year: report
The world experience an average of 26 more days of extreme heat over the last 12 months that would probably not have occurred without climate change, a report said on Tuesday. They concluded that "human-caused climate change added -- on average, across all places in the world -- 26 more days of extreme heat than there would have been without it".
120 business leaders back UK's Labour in election
The UK's Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to oust the ruling Conservatives in the upcoming general election. Labour leader Keir Starmer and its finance spokesperson Rachel Reeves -- who is set to become finance minister if the party wins power -- have spent years wooing back business figures.
Shanghai lifts home-buying curbs to boost property sector
Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy. This month, Beijing cut the minimum down payment rate for first-time homebuyers to its lowest level in history and suggested the government could buy up unused commercial real estate.
Asian markets diverge, dollar weakens ahead of US inflation data
Asian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.
Brazil's new Petrobras chief calls to speed up oil exploration
The new boss of Brazil's Petrobras said Monday it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River. The Equatorial Margin is a basin near the mouth of the Amazon River, that is considered Brazil's most promising frontier for oil exploration, with studies suggesting it holds massive crude deposits.
Debt, suicide, fraud: South Koreans hit by real estate scams
For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working double shifts and saving every penny for a deposit on a nice home. To repay his original bank loan, Choi took out high-interest credit card loans and sold off his stocks, working gruelling shifts in restaurants and living on cheap food to save cash.
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