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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Senegal results show large win for opponent Faye in presidential poll
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Pfizer sues Poland and Hungary over Covid debts
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US private sector hiring up less than expected in February
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Free trade deal between EU and Australia collapses
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".
Drought and shrinking herds push US beef prices through the roof
A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.
US Fed likely to pause again with rates at 22-year high
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
Kazakhstan mourns for 42 dead in ArcelorMittal mine disaster
Kazakhstan held nationwide mourning on Sunday after 42 people died in a blaze at an ArcelorMittal mine, the worst accident in the Central Asian country's post-Soviet history. - 'Worst' company in 'Kazakhstan's history' - Speaking to victims' relatives at the mine, Tokayev called ArcelorMittal "the worst enterprise in Kazakhstan's history in terms of cooperation with the government".
Stellantis, striking US auto union reach tentative deal
Stellantis and the striking United Auto Workers union have reached a preliminary deal similar to the one struck earlier this week with Ford, the union said Saturday -- allowing members to go back to work at grounded factories. Like the Ford deal, any preliminary agreement with European auto giant Stellantis would need to be ratified via a vote from UAW members.
Kazakhstan says 32 killed in ArcelorMittal mine fire
Kazakhstan said on Saturday that 32 people were killed in a fire in yet another deadly accident in a mine owned by ArcelorMittal, with over a dozen still missing, in the Central Asian country's worst disaster in years.
Fears grow of tighter state grip on Serbian media
Two controversial bills backed by Serbian lawmakers this week have sparked fears of more state control over the media and another setback for press freedom in the Balkan nation. - Inefficient regulator - One of the most controversial points of the two bills relates to the Regulatory Authority for Electronic Media (REM), which is responsible for media monitoring.
Tight job market rebalances power between US business and labor
The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball in a tight employment market. The activism can feed on itself as workers in different sectors observe each other fighting for more, sometime spurring concessions from employers who are trying to stay union-free, said Schurman.
Panama bans new mining deals, but fails to quell protests
Panama's President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country. In a televised address, the president said the government had issued a decree "declaring a ban on granting new metallic mineral concessions throughout the country."
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