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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Netflix gains subscribers with ads and password crackdown
Netflix on Wednesday said subscriber numbers grew more than 10 percent to 247 million in the recently ended third quarter as it cracked down on passwords and refined an ad-supported tier. The streaming service said in an earnings report that its nascent ad-supported offering was gaining traction, with the number of members increasing nearly 70 percent in the quarter.
Russia withdraws new ruble note after church complaint
Russia's central bank halted the circulation of a new 1,000 ruble note Wednesday after Orthodox priests complained that the image of a church dome lacked a cross, even though it does not have one in real life. The bank had presented new designs of the 1,000 and 5,000 ruble notes earlier this week.
Swedish Tesla workers to strike over union demands
Tesla mechanics in Sweden will walk off the job on October 27 unless the electric carmaker agrees to sign a collective wage agreement, the metalworkers union IF Metall said Wednesday. "Even though we have called for industrial action, it is our sincere hope that Tesla will begin to negotiate and sign a collective agreement for their employees in Sweden," IF Metall said. po/jll/rl
UK inflation stays elevated at in September
British inflation remained elevated in September, official data showed Wednesday, prolonging a cost-of-living crisis and stoking fear that UK interest rates could stay higher for longer.
Xi hails Putin friendship and deep ties between China and Russia
Chinese President Xi Jinping hailed his close friendship with Vladimir Putin on Wednesday as he hosted the Russian leader for talks that celebrated their nations' deepening political and economic ties. "The political mutual trust between the two countries is continuously deepening," Xi said, according to Xinhua news agency, hailing their "close and effective strategic coordination".
Qatar signs 27-year gas deal with Britain's Shell
Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate's state-owned energy company announced on Wednesday. The deal with Shell is equal in length to an agreement with France's TotalEnergies announced earlier this month for a 27-year supply of natural gas.
Transition trouble: German car suppliers struggle with electric shift
After years earning bumper profits by producing parts for fossil fuel-powered cars, German suppliers to the crucial auto industry are struggling as the transition to electric mobility gathers pace. And with the transition moving at different paces around the world, industry players see an appetite for traditional combustion engine products for years to come.
Dutch chip tech giant ASML posts sales dip, eyes bright future
Dutch tech giant ASML Wednesday posted slightly weaker sales and profits in the third quarter compared with the previous three months, amid a growing semiconductor trade spat between the West and China.
Vietnam's VinFast struggles to sell electric cars at home
Vietnam's VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk's Tesla, but it is struggling to find buyers for its cars at home. With poor demand in Vietnam, and limited sales and bad press in the United States, VinFast may be producing more cars than it can sell, Guild said.
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