FinWise shares the truth behind living on R25,000 in Durban, sparking debate among locals on affordability in KwaZulu-Natal amid rising costs of living.
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What are the costs behind Trump's economic proposals?
Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers. He has vowed to reverse President Joe Biden's electric vehicle subsidies as well, among other moves.
Russian assets plan for aiding Ukraine to dominate G7 meet
G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.
Asian shares mixed after Fed minutes, while Nvidia provides support
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.
Flower or power? Campaigners fear lithium mine could kill rare plant
Delicate pink buds sway in the desert breeze, pregnant with yellow pompoms whose explosion will carpet the dusty corner of Nevada that is the only place on Earth where they exist. There are only around 20,000 known specimens, growing in a few very specific places on a total surface area equivalent to around five soccer fields.
Argentine economic activity plunges amid austerity drive
Argentina's economic activity continued to plummet in March, with the construction and manufacturing industries leading the slowdown as President Javier Milei's government slashes spending, official figures showed Wednesday.
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.
Scientists say they can make zero-emission cement
Researchers on Wednesday said they were a step closer to solving one of the trickiest problems in tackling climate change -- how to keep making cement despite its enormous carbon footprint. The Cambridge researchers approached the problem by looking at an industry that was already well established -- steel recycling, which uses electric-powered furnaces to produce the alloy.
World Economic Forum founder Schwab to retire from leadership role
Klaus Schwab, the founder and for decades the face of the World Economic Forum, will step away from executive leadership in the coming months, the organisation said.
US existing home sales slip in April on still high mortgage rates
Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday. From a year ago, home sales were also 1.9 percent lower in April, NAR data showed.
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