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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Despite oil riches, Libyans hit by plummeting purchasing power
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Chip giant TSMC shifts away from hotspot Taiwan with Japan plant
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Grapes of wrath: Albania winemakers struggle with warmer world
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Flower or power? Campaigners fear lithium mine could kill rare plant
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US jury orders Monsanto to pay $857m over chemicals in school
A US jury on Monday ordered chemical company Monsanto to pay $857 million to seven people at a school in the western state of Washington who said they were sickened by chemicals leaking from light fittings.
Nippon Steel's $14.1 billion deal for US Steel sparks criticism
Japan's Nippon Steel agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday, sparking criticism about the firm's ownership in an industry crucial to US national security. Nippon will also assume the US firm's debt, taking the total value of the agreement to $14.9 billion.
Farmers clog Berlin with tractors in protest at cuts
Thousands of farmers descended on central Berlin with their tractors on Monday to protest against planned cuts to agricultural subsidies. The protesters blocked one of the main roads through central Berlin near the Brandenburg Gate, dumping manure on the road.
EU launches 'illegal content' probe into Elon Musk's X
The EU announced "formal infringement proceedings" against Elon Musk's X platform on Monday, under a law cracking down on illegal online content, after identifying disinformation related to Hamas's October 7 attack in Israel. Those investigations also looked at how the platforms handled disinformation and illegal content related to the Hamas attack.
Explosion, blaze at Guinea fuel depot leave eight dead
Eight people have been killed after a powerful explosion at the main fuel depot in Guinea followed by a fire that rocked the centre of the capital Conakry early on Monday. The incident happened at around midnight (0000 GMT) at the state oil company's main depot in the Kaloum district of Conakry, near the port.
Kenya, EU ink 'historic' trade deal
Kenya and the European Union on Monday signed a long-negotiated trade agreement to increase the flow of goods between the two markets, as Brussels pursues stronger economic ties with Africa. The Economic Partnership Agreement will give Kenya duty-free and quota-free access to the EU, its biggest export market, while European goods will receive progressive tariff reductions.
Vietnam property developer faces trial over $12.5 bn bond fraud
The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said. Eighty-five others, including a former official at the State Bank of Vietnam who is accused of accepting $5.2 million in bribes, will also face trial at the court in Ho Chi Minh City.
Asian markets mostly down as Fed rate-cut rally fades
Asian markets fell Monday as traders took a step back following last week's rally, with Federal Reserve officials looking to temper expectations the US central bank will cut interest rates several times next year. A number of Fed officials lined up last week to douse expectations they will slash rates next year.
Jeff Bezos's Blue Origin headed back into space after accident
The American company Blue Origin plans to launch its rocket Big Shepard Monday for the first time since an accident more than a year ago, as the firm founded by billionaire Jeff Bezos heads back into space. Blue Origin is competing in the space tourism market with Virgin Galactic, founded by British billionaire Richard Branson.
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