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From 8 million to 12 million: Expert reveals the scale of South Africa's unemployment problem
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R1,000 grocery budget can barely feed one child a nutritious diet for a month, report shows
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BoE pauses, ECB tipped to follow as rate cut pressure mounts
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Fears over economy grow as German rail begins longest strike
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Asian markets build on global rally as Fed pause hopes grow
Economy Latest News
Delta profits jump as international travel stays strong
Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors. Also, Hauenstein acknowledged that Delta was probably the most impacted airline due to strikes by actors and US auto workers.
Zambia signs debt deal with creditors: IMF chief
Zambia has signed a long-sought debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic. - Sri Lanka near deal - Zambia, whose total debt amounted to $32.8 billion at the end of 2022, defaulted on its $18.6 billion foreign debt in 2020 at the height of the Covid-19 pandemic.
Gibraltar votes in closely fought election
Gibraltar votes on Thursday in a tight election which could affect talks on a deal settling the tiny British overseas territory's ties with the European Union following Brexit.
Israel-Hamas war a 'new cloud' over world economy: IMF
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy. The conflict, which erupted when Palestinian militant group Hamas launched a bloody attack on Israel from Gaza on Saturday, has raised concerns about its potential impact on the world economy.
US consumer inflation holds steady in September
Consumer inflation held steady in the United States last month, according to government data released Thursday, giving policymakers some reprieve in their battle to tamp down price increases. Meanwhile, with core inflation at 4.1 percent, the United States is "heading back to the period before which inflation started to really ramp up aggressively," Daco said.
EU climate chief says 'no official decision' on China wind subsidies probe
The European Union's climate chief said Thursday that "no official decision" had been taken on whether to investigate China's subsidies for its wind power industry, following talks with her counterparts in Beijing.
IEA says risk of oil supply disruptions is limited
The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited but that it stands ready to intervene in markets if necessary. A surprise weekend attack by Hamas on Israel has left thousands dead and rattled oil markets amid fears that other nations might intervene and possibly disrupt shipments in the Middle East.
EasyJet announces major Airbus deal as sector recovers
British no-frills carrier EasyJet on Thursday said it has reached a deal worth close to $20 billion for 157 Airbus planes and alterations to a previous order. Together the deal was worth $19.9 billion and "will deliver lower fuel burn, CO2 emissions and operating costs per seat", EasyJet said. burs-bcp/rl
Goldman Sachs sues Malaysia over push to redo 1MDB settlement
Goldman Sachs has sued Malaysia after the country pushed to redo a settlement over the US investment bank's role in the 1MDB multi-billion dollar scandal, the bank said Thursday. Under a 2020 settlement, Goldman paid Malaysia $2.5 billion for its role in the financial scandal, while Kuala Lumpur agreed to end all criminal proceedings against the bank.
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