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.
Economy
Most viewed
Economy Latest News
EU lawmakers vote to bolster protections for journalists
EU lawmakers on Tuesday backed proposals to boost journalistic independence, but stopped short of pushing for a blanket ban on governments spying on reporters. Media watchdog Reporters Without Borders backed the lawmakers' clarifications and called on EU countries to follow their lead.
London Tube workers suspend planned strikes
Workers on the London Underground on Tuesday suspended their latest round of strike action over pay and conditions after a breakthrough in talks. Unions across the UK economy have held strike action since last year to push for better pay and conditions, due to the soaring cost of living.
Warsaw, Kyiv make breakthrough on Ukrainian grain transit
Warsaw and Kyiv announced on Tuesday they had agreed to speed up the transit of Ukrainian cereal exports through Poland to third countries, a first step towards resolving their "grain war". The Ukrainian agriculture ministry said the deal would "speed up transit through Poland".
UK's high speed rail row overshadows Conservative party conference
British Prime Minister Rishi Sunak on Tuesday dodged questions over the future of the UK's second high-speed train line as the issue overshadowed his Conservative party's annual conference. It would be only the UK's second high-speed train line after the one leading to the Channel Tunnel, linking England's southeast with northern France.
Malta to replace struggling national airline
Malta will shut down its loss-making national carrier, Air Malta, next year and replace it with a new government-owned airline, Prime Minister Robert Abela has announced. However, Abela announced late Monday that Brussels had refused the government's requests, and there was no other course of action than to close down Air Malta and replace it with a new airline.
Turkey's inflation hovers near 60% after policy U-turn
Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.
Asian markets fall on rate concerns
Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer. "This yield surge reflects the market's response to messaging from the Federal Reserve, indicating the central bank's commitment to keeping borrowing costs elevated to combat inflation," said Innes.
China's Evergrande resumes Hong Kong trading
Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation. When trading resumed Tuesday, prices initially jumped more than 60 percent before dropping to ten percent and then rising again.
EU seeks to protect sensitive tech from Chinese buyers
The EU will signal Tuesday how Brussels will muscle up to counter China's aggressive trade policies, including by unveiling a list of sensitive technologies that must be kept out of Beijing's hands.
Economy
Load more