A study conducted by the Socio-Economic Rights Institute (SERI) discovered that a portion of the South Africn population struggle to have enough food for a month.
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BYD: Chinese electric vehicle giant that has overtaken Tesla on sales
UK inflation slows to near three-year low
Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election. - Energy cap - Inflation slowed rapidly last month after energy regulator Ofgem lowered the price cap on energy bills for most UK households to the lowest level for more than two years.
Turkey bets on Togg to give its car industry electric edge
On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds. "We have not missed the boat on electric cars," he said again in mid-May.
Asian markets track Wall St record ahead of Nvidia results, Fed minutes
Asian investors fought Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia. After the previous day's retreat, most Asian markets rose Wednesday, with Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta all in positive territory.
US to sell off strategic gasoline reserves in northeast
The US Department of Energy announced Tuesday that it will sell off a million barrels of gasoline from a small strategic reserve in the northeast, paving the way for its closure.
Nasdaq edges to fresh record ahead of Nvidia results
The Nasdaq climbed to a fresh record Tuesday following a choppy session after a smattering of mixed earnings and muted Federal Reserve commentary. The tech-rich Nasdaq Composite Index finished at 16,832.62, up 0.2 percent for the day and a record for the second straight session.
Istanbul's century-old streetcar gets a makeover
Istanbul's emblematic red and white trams, built over 100 years ago and loved by both locals and tourists, are about to give way to a more modern streetcar. Not all locals, however, feel the same about the new streetcars.
Natural disasters hit 1 in 5 US adults' finances in 2023: Fed
Almost 20 percent of adults in the United States were financially impacted by natural disasters last year, the Federal Reserve said Tuesday, marking a nearly 50-percent rise from 2022. This was up sharply from 13 percent in 2022, with some of the biggest changes seen in the West of the country, where the percentage of people noting a financial impact from natural disasters almost doubled.
Platinum loses shine amid BHP's vast Anglo bid
Platinum prices are rising due to tight supplies although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP. The metal is used in the manufacture of catalytic converters for high-polluting petrol engines -- but demand has long been forecast to slump as more drivers switch to greener electric cars.
Progress in US inflation fight 'has likely resumed': Fed official
Progress in the US Federal Reserve's fight against inflation "likely resumed" last month, a senior bank official said Tuesday, adding that additional rate hikes were probably unnecessary.
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