New data from reveals that the average household food basket costs R5,479.26 a month, and feeding one child a nutritious diet costs nearly R1,000.
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Higher US food prices lead to a shift in shopping habits
"I don't really shop for groceries as often as I used to," said Jasmine Reed, 32, outside a store in northern Virginia, as she explained the impact of higher food prices on her shopping habits. Outside a grocery store in Falls Church, Virginia, on Friday, shoppers told AFP they had noticed an increase in the cost of everyday items in recent years -- causing some to change their buying habits.
Military spending pushes Russian economic growth up
Russia's economy grew 5.4 percent in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels. On a state visit to China, Putin denied that Russia's vast military spending -- which he said had passed eight percent of GDP -- had hit unsustainable levels.
For Taiwan shoppers, China's malls only a ferry ride away
With suitcases and packages stuffed with food, alcohol and construction materials, Taiwanese shoppers make their way towards a ferry in the Chinese city of Xiamen bound for the Taipei-administered island of Kinmen. People push airport-style trolleys loaded with suitcases and large packages up a ramp and onto the ferry before taking their seats.
Mercedes in Alabama to learn if they will join US union
Workers at Mercedes-Benz's Alabama business are expected to learn Friday if they will shift into a union shop, following a contentious federally-administered election. For the Mercedes workers, voting concludes Friday morning with election results expected to be released by the National Labor Relations Board (NLRB) in the afternoon.
US tariffs on Chinese EVs hurt green transition: XPeng boss
The president of Chinese electric vehicle maker XPeng on Friday criticised the fresh tariffs on Chinese cars imposed by Washington as "unfavourable" for the United States' energy transition. "The tariffs are unfavourable to its own climate and energy transition."
IEA warns of key energy mineral shortage risk
The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.
Crisis-ridden Boeing hopes for quiet annual meeting
Boeing's annual meeting on Friday comes amid an exceptionally difficult period for the crisis-ridden company, creating potential for drama at an event that is usually a snooze-fest. The company, under heavy regulatory scrutiny following recent safety and quality control problems, has defeated shareholder proposals at past annual meetings that usually have lasted an hour or less.
China says could buy up commercial housing to boost property market
A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis. And in a bid to boost the ailing market and ensure millions of unused homes go to those in need of housing, Beijing's State Council met Friday, state news agency Xinhua said.
Putin in trade push on final day of China trip
Russian leader Vladimir Putin was in the northeastern city of Harbin on Friday, the final day of a visit aiming to promote crucial trade with China and win greater support for his war effort in Ukraine. Putin will hold a press conference with Russian media later in the day.
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