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.
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South African salary earners battle rising costs despite small pay increase in June
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World food prices rise for first time in 7 months: FAO
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Saudi Arabia says 'absolutely not' to oil phaseout at COP28
Saudi Arabia's energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai. But Energy Minister Prince Abdulaziz bin Salman, a half-brother of de facto ruler Crown Prince Mohammed bin Salman, told Bloomberg that Saudi Arabia, the world's biggest oil exporter, would not agree.
UK has record £16.9bn shortfall in defence budget: watchdog
The UK's defence department is facing a £16.9 billion ($21.4 billion) shortfall in its equipment budget due to inflation and demands from the government's updated strategy, the public spending watchdog said Monday.
Rights orgs sue Netherlands over F-35 parts to Israel
A group of human rights organisations took the Dutch government to court on Monday, arguing its supply of parts for F-35 fighters contributes to violations of international law in Gaza. International law experts have told AFP that human rights violations are likely being carried out by both parties to the conflict.
Turkey's inflation ticks up to 62%
Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October, the TUIK state statistics agency said.
'Where is our future': Uganda declares war on used clothing
For nearly three decades, the chaotic, overcrowded Owino secondhand market in Uganda's capital has been the cornerstone of Hadija Nakimuli's life, helping the widowed shopkeeper build a house and raise 12 children. second-generation shopkeeper Harriet Musoke Kyambadde asked, her voice trembling with indignation.
Here is What we know about Evergrande's financial future
A Hong Kong court gave Chinese property giant Evergrande until the end of January to put together restructuring plan, offering the firm much-needed breathing room.
Gold jumps to record on rate cut bets but equities struggle
Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.
US high court to hear challenge to $6bn Purdue opioid settlement
The US Supreme Court is to hear a challenge on Monday to Purdue Pharma's $6 billion opioids settlement immunizing the family that controlled the drugmaker from future litigation.
Chasing weight loss dream, many in US seek Ozempic alternatives
Like many Americans struggling to lose weight, Marissa Montanino felt compelled to try Ozempic or one of the other new so-called "wonder drugs" described as revolutionary in the fight against obesity. Over 40 percent of Americans suffer from obesity, reflecting a major health crisis and the massive market for new Ozempic-type drugs.
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