A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
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US auto worker strike hits October industrial production
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Black farmers in Brazil changing views on coffee production
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US consumer inflation eases slightly in April, in good news for Biden
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Official September fuel price hike: petrol and diesel prices soar from Wednesday
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Asian markets slump as traders take profits, eye commodities' spike
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US to raise tariffs on $18 bn of China imports including chips
The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.
China tech giant Alibaba posts modest yearly revenue growth
Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. China's tech sector has suffered under a regulatory crackdown by Beijing that began in 2020, prompted in part by the government's fears that too much power and capital had been amassed by a few firms.
A gloomy season for Ethiopia's 'green gold' at the khat market
"We call it green gold," says Ramadan Youssouf, a khat trader in the Ethiopian town of Aweday, one of the largest markets in the world for the mildly narcotic shrub. Many of the bundles from the Aweday market will make their way to Wajale, a border town straddling Ethiopia and Somaliland -- a breakaway region of Somalia.
Anglo American to split group after rejecting BHP bid
Anglo American to split group after rejecting BHP bid
Foxconn reports sharp rise in first-quarter net profit
Taiwanese tech giant Foxconn on Tuesday reported a 72 percent jump in net profit during the first three months of 2024 compared to the same period last year as demand for investment in AI technology grows.
Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million. The companies have also reached a separate agreement for Uber to buy US$300 million in newly issued ordinary shares of Delivery Hero, according to the statement. aw/dhc/dan
Sony net profit dips on-year but beats estimate
Sony said Tuesday that annual net profit dipped 3.5 percent on-year but beat its forecast as takings in games and music offset losses in the financial and chip sectors. For the current financial year, Sony forecast net profits of 925 billion yen.
Asian traders bide their time ahead of key US inflation data
Asian investors shifted cautiously Tuesday ahead of the release of key US inflation data that could have a huge bearing on the fate of Federal Reserve interest rate cuts this year. The readings come after forecast-beating figures for the first three months of the year that have seen investors whittle down their expectations for the number of rate cuts -- from six in January to at most two now.
US authorities demolish part of collapsed Baltimore bridge
Demolition experts used explosives Monday to remove part of a collapsed bridge in Baltimore and free a cargo ship that has been trapped since it rammed into the structure in March. The port in Maryland's largest city said Monday that the first "RoRo" ship -- designed to carry roll-on, roll-off cargo such as cars and trucks -- had arrived since the collapse on March 26.
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