New data from reveals that the average household food basket costs R5,479.26 a month, and feeding one child a nutritious diet costs nearly R1,000.
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From 8 million to 12 million: Expert reveals the scale of South Africa's unemployment problem
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"No DNA, just RSA": SA beats Kenya to become Africa’s most competitive economy in 2026 IMD rankings
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My Beauty Expo 2026 Launches Pan-African Vision at Official Media Briefing in Sandton
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Argentina's annual inflation soars above 250% in January
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After rescue deal, Siemens Energy unveils massive loss
Siemens Energy reported a 4.59-billion-euro ($5-billion) annual loss Wednesday, dragged down by a crisis in its wind power unit, a day after a government-backed rescue package was unveiled for the German group.
UK inflation falls sharply, relieving pressure on PM Sunak
UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and relieving pressure on Prime Minister Rishi Sunak. US consumer inflation cooled more than expected last month, government data showed Tuesday.
China retail sales surge in October but economy remains sluggish
Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world's number-two economy.
German govt spending plans at risk as court rules
Germany's top court will decide Wednesday whether the government broke debt rules enshrined in the constitution, potentially throwing its spending plans into disarray and further fuelling tensions in the ruling coalition.
Asia extends global rally as US inflation slows more than thought
Equities surged Wednesday and the dollar struggled after slower-than-forecast US inflation was seen as all but putting to bed any chance of another interest rate hike, and even allowed traders to bet on a series of cuts in the new year. Data suggests they are now betting on as much as a one percentage point cut in rates through next year.
A shirt for rice: bartering to survive in inflation-battered Argentina
An old T-shirt for a handful of rice or some eggs: ever more Argentines are relying on barter to survive in a fast-worsening economy dominating the debate ahead of presidential elections Sunday. In and around the teeming Argentine capital, it is an increasingly common sight for people to knock on doors asking for second-hand clothes to wear, barter or sell.
Japanese economy shrinks 0.5 percent in third quarter
Japan's economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida. The shrinking of the world's number three economy, following two consecutive quarters of growth, was worse than the market consensus of a 0.1 percent contraction.
Xi, Biden arrive for key San Francisco summit
US President Joe Biden and his Chinese counterpart Xi Jinping arrived in San Francisco on Tuesday on the eve of an eagerly awaited meeting between the leaders of the world's two largest economies. The two presidents are expected to meet for several hours Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.
McDonald's UK boss says fast-food chain faces weekly sex abuse claims
McDonald's boss in Britain said Tuesday the US fast-food giant faces "one to two" sexual harassment allegations from workers every week, as he vowed to tackle the issue recently exposed by the BBC. Alistair Macrow, chief executive of McDonald's UK and Ireland, told a watchdog parliamentary committee that the chain's management also receives around five reports a week of bullying.
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