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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
Pre-election jitters send Argentine peso to new lows
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate. With the parallel dollar now trading at over 1,000 pesos, it is worth almost three times the official rate of 365 pesos, propped up at great cost by the government.
Yellen urges more IMF, World Bank reforms for climate fight
US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed over time to face new challenges.
Russian forces close in on east Ukraine's Avdiivka
Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely. Russian forces control territory to the south, east and north of Avdiivka.
Pharrell Williams to hold Vuitton show in Hong Kong
Musician-turned-designer Pharrell Williams will hold his second show as creative director for Louis Vuitton in Hong Kong, the brand announced on Tuesday. Williams will hold a "pre-fall show" for his menswear line on November 30, following his glitzy debut at Paris Fashion Week in June.
'External activity' probably behind Finland-Estonia gas pipe leak
Finnish President Sauli Niinisto said on Tuesday a leak leading to the shutdown of a natural gas pipeline from Estonia to Finland this weekend was probably caused by an "external" element. "It is likely that the damage to both the gas pipeline and the telecommunications cable is the result of external activity," Niinisto said.
Labour leader Starmer to pledge to repair UK
Britain's opposition leader will promise on Tuesday that a future Labour government would "heal" the UK after 13 years of Conservative rule, tackling a cost-of-living crisis sparked by Brexit, pandemic lockdowns and the war in Ukraine.
IMF says world economy resilient to shocks but 'limping'
The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded.
UK Labour party's new love affair with British business
After years of disenchantment, British business leaders flocked to this week's Labour conference, signalling a reset in relations between the centre-left party and a corporate community scalded by the economic policies of the ruling Conservatives.
TotalEnergies hit with lawsuit over 2021 Mozambique jihadist massacre
Seven survivors and relatives of victims of a bloody 2021 jihadist attack in northern Mozambique have launched legal action against France's TotalEnergies, accusing it of failing to protect contractors at a multi-billion-dollar gas field, their lawyers said Tuesday.
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