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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China new year holiday spending surges past pre-pandemic levels
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China signs landmark trading duty-free deal with South Africa
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California suspends tests of GM's Cruise self-driving car
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StatsSA reveals that Consumer Price inflation increases as food prices increase
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Ex-UK Post Office boss 'sorry' over convictions scandal
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US regulator says Musk dodging Twitter share buy questions
US market regulators on Thursday asked a judge to order Elon Musk to comply with a subpoena to answer questions about his purchases of Twitter shares last year. The SEC investigation pertains to all of Musk's purchases of Twitter stock in 2022 as well as his statements and filings with market regulators, court documents stated.
Michelin to rate hotels as well as restaurants
From stars to keys -- the Michelin Guide will start rating hotels in the same way as restaurants, it announced on Thursday. Rather than the stars awarded to the top restaurants, the best hotels will get keys based on several criteria including architecture, individuality, service, comfort and price.
Inflation, high rates and war crimp global trade: WTO
Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said Thursday. "The exact causes of the slowdown are not clear, but inflation, high interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements," the trade body said.
Canada posts August trade jump
Canada saw trade rebound sharply in August, posting a surplus of Can$718 million (US$522 million) with the strongest exports in two years outpacing an uptick in imports, the government statistical agency said Thursday. Record exports to the United States helped widen Canada's trade surplus with its neighbor and largest trading partner to Can$10.4 billion.
US trade gap narrows to smallest in nearly three years
An increase in exports helped to reduce the overall US trade deficit in August to the smallest since late 2020, according to government data released on Thursday. The goods deficit with China dipped $1.3 billion to $22.7 billion in August, with imports from the country dropping more than exports to it, data showed. bys/st
Macau bets on China's 'Golden Week' holiday to stage comeback
Macau's baccarat and poker tables were teeming once again as millions of Chinese tourists marked "Golden Week" in October, with post-pandemic travel surging despite the country's economic slowdown. Chinese travellers are expected to make more than 100 million daily trips during the annual national holiday -- making it the "hottest" Golden Week ever, a state-backed tourism think tank predicted.
Asian markets follow US lead with gains
Asian markets posted modest gains in early Thursday trade, rebounding from previous losses after a strong lead from Wall Street. When trading kicked off in Asia, Tokyo was up by more than one percent, and Hong Kong was up by just over 0.3 percent.
Homelessness explodes in Canada as rents, housing prices soar
Canada is gripped by a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets and left to live in the streets of the wealthy nation. Real estate prices have become the main topic around the dinner table in recent months, and public opinion and opposition criticisms have forced governments to prioritize housing and cost of living concerns.
IMF, World Bank to tackle climate goals among reforms at annual meetings
The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next week. "So we need to have a better mechanism for a faster resolution of the debt problem," she continued, urging world leaders to tackle the issue at the annual meetings. da-jmi-vog/dw
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