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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Relief for South Africans as inflation falls to 4.3%: Here’s what it means for your pocket
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US Democrats call for criminal probe into Big Oil price-fixing
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Spanish bank BBVA goes hostile in Sabadell takeover bid
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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.
Equities drop, oil rallies on fears of broader Middle East war
Asian equities retreated and oil prices rallied Wednesday on fears that the Israel-Hamas conflict could spill over into a regional war after a strike on a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive. The Hamas-run Palestinian territory's health ministry blamed Israel for the hospital blast, but Tel Aviv said it was caused by a rocket misfired by Hamas ally Islamic Jihad.
China says third-quarter economic growth slowed to 4.9%
China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption and business activity in the country.
China's third-quarter economic growth slows to 4.9%: official data
China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption and business activity in the country. Retail sales, the main indicator of household consumption, rose a forecast-beating 5.5 percent on-year in September, according to official figures published on Wednesday by the NBS. sbr-tjx/je/dan
EU states strike deal on electricity market reform
EU member states reached an agreement to reform its electricity market after months of sparring between France and Germany over state support for nuclear energy, the European Council said Tuesday. The 27 member states' agreement does allow for state support for existing nuclear power plants subject to compliance with EU rules on state aid.
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