South Africa’s July inflation dropped to 4.3%, led by record low food prices since 2010. Fuel costs also eased, offering households some much needed relief.
South Africa’s July inflation dropped to 4.3%, led by record low food prices since 2010. Fuel costs also eased, offering households some much needed relief.
A proposed high-speed rail line linking Los Angeles with the US gambling and entertainment capital Las Vegas moved closer to reality Tuesday with the announcement of a $3 billion government grant. A line linking Las Vegas with America's second biggest city has been mooted for almost two decades, during which time its proposed cost has ballooned.
Tensions rose between Venezuela and Guyana Tuesday as Caracas proposed a bill to declare a Venezuelan province in a disputed oil-rich region and ordered the state oil company to issue licenses for extracting crude there.
US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday. The Federal Trade Commission (FTC) lodged a second request for "additional information and documentary materials" with both companies on Monday, Pioneer said in the filing.
Hospital doctors in England plan to strike around Christmas in their longest industrial action in the history of Britain's state-run health service, after pay talks broke down Tuesday.
As countries try to hammer out a response to climate change at the COP28 talks in Dubai, here are some key figures about how fossil fuels have warmed our world.
Social media giant X, formerly known as Twitter, has defended its response to recent rioting in Dublin that was in part fuelled by far-right users of the platform. The Dublin parliament is also considering a hate speech bill that would clamp down on users posting inflammatory content on social media.
Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move. Beijing's finance ministry said in response it was "disappointed with Moody's decision".
Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Traders are now awaiting the release later in the week of key US jobs data, with a miss to the downside of expectations likely to ramp up optimism for a rate cut in early 2024.
Hollywood on Tuesday anxiously waited to learn if actors have approved their union's hard-fought deal with studios, or if an entertainment industry still reeling from months-long strikes could be plunged back into turmoil. The tentative deal between SAG-AFTRA and Hollywood studios to end the actors' 118-day strike was agreed last month.
Economy
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