South African fuel prices are set for significant hikes in September, with diesel users facing the steepest increases amid rising oil prices and rand fluctuations.
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Eastern Cape has the highest unemployment rate in South Africa, netizens disappointed
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Apple supplier Foxconn says profits fuelled by holiday season demand
Key iPhone supplier Foxconn posted "better-than-expected" profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season. "We have entered the traditional peak season in the second half and our operations are set to gradually improve quarter on quarter," CEO Young Liu said during an earnings call.
US postpones Asia trade deal rollout after domestic fire
President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.
Asian markets cautiously higher as US data looms
Equity markets edged up Tuesday as investors cautiously await the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve's interest rate plans over the next few months.
1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's
A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said. The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby's, the luxury car subsidiary of the auction house.
Sustainable development on the menu as APEC finance chiefs meet
Economic development and environmental action need to march hand in hand if the world is to successfully combat global warming, US Treasury Secretary Janet Yellen said Monday at the start of major global meeting.
Argentina inflation hits new high before presidential vote
Argentina's annual inflation rate has hit 143 percent, the statistics agency announced Monday, just days before a presidential election in which the dire state of the economy will be a deciding factor. The national statistics agency reported that inflation over the past 12 months had risen 142.7 percent, up from 138 percent in September.
Emirates, flydubai lay big orders at Dubai Airshow
Emirates announced a bumper order of 95 planes and flydubai snapped up 30 wide-bodied aircraft as home-grown airlines unveiled big orders on day one of the Dubai Airshow on Monday. This week is the first edition of the biennial Dubai Airshow since Emirates bounced back into the black. th/ho/jsa
Climate groups demand COP28 aims for formal energy transition deal
Around 100 climate campaign groups warned COP28 organisers Monday that success of critical upcoming talks in Dubai rests on whether countries can negotiate a formal agreement to replace polluting fossil fuels with clean power.
At BAE factory, Ukraine war fuels munitions output
At a munitions factory in northeast England run by BAE Systems, production is running at full speed thanks to the war in Ukraine and an increasingly dark outlook for geopolitics. - 'Unprecedented' orders - BAE on Monday issued a bright earnings outlook on its "increasing exposure to structurally growing defence markets" and "a time of heightening geopolitical risk".
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