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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Exclusive: Wits University economist Dr Kenneth Creamer expresses hope about the unemployment rate
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Once the bane of big tech, Vestager's star wanes
Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender. Vestager will now return to the commission but with only a few months left before European elections that are likely to change the make-up of the EU's executive arm. bur-aro/raz/dc/gil
New trains, new tracks: US rail to get much-needed facelift
Old-fashioned, slow, infrequent and often non-existent, trains have long been the poor relation of cars and planes in the United States. "We can do it here in the United States." jul/da/bfm/bgs
US unemployment ticks down as hiring accelerates
The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy. Rubeela Farooqi, chief US economist at High Frequency Economics, said she continues to expect a cooling in the labor market as the effect of higher interest rates flows through the economy.
Krispy Kreme doughnuts, the latest US chain to try its luck in France
US doughnut chain Krispy Kreme has opened its first shop in Paris, hoping to follow in the footsteps of other American fast-food franchises have won over the French in recent years. Krispy Kreme can count on some devoted followers such as David Mitrani, a 33-year-old accountant who discovered the brand abroad and was at the Paris store opening.
Stock markets mostly rise before US jobs
Stock markets mostly gained and the dollar firmed Friday before the release of key US jobs data, but Tokyo was knocked by the yen's recent rally. Tokyo dropped more than one percent, however, as the yen continued to rise against the dollar, hurting exporters.
Spain's Calvino beats Vestager to head bloc's lender
Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.
Spain finance chief Calvino to head EU's lending arm
Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles. Her political career began in 2018 when Sanchez, who was recently sworn in as premier, named her his economy minister as well as one of his deputy prime ministers.
Fashion world descends on UK's Manchester in Chanel show
Scintillating colours and celebrities lit up a gloomy Manchester on Thursday as the British city famous for its past textile industry flaunted the latest fashion in a prestigious Chanel show. Having a Chanel show here is amazing for the city," added Emma Kara, who lives in the region. ctx/imm/md
US, Mexico to boost cooperation on foreign investment screening
The United States and Mexico plan to form a working group on foreign investment screening to guard against national security threats, officials said Thursday, as Washington pushes to shift supply chains toward trusted partners.
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