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The Nedbank IMC is Africa’s biggest marketing conference
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Condition of economy makes it difficult to do business in SA
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US, Japanese banks lead fossil fuel financing
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report titled "Banking on Climate Chaos".
China says to sell initial batch of long-dated bonds this week
China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy. The Ministry of Finance did not specify the number of bonds that will be issued.
US sanctions test China's 'no limits' friendship with Russia
Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries. But Washington's recent vow to go after financial institutions that help Moscow fund the conflict has tested the boundaries of Beijing's bonhomie -- and left its banks fearful of getting cut off themselves.
Asian markets mixed as traders pause ahead of US inflation data
Equities fluctuated Monday as traders took a breather after the past weeks' healthy run as they absorbed weak Chinese data and reports that the United States planned to ramp up tariffs on clean energy products from the Asian country.
Cambodia's famed Kampot pepper withers in scorching heatwave
Farmer Chhim Laem shakes his head as he walks between long rows of dead bushes, their brown leaves scorched by heat and drought that have devastated Cambodia's famed Kampot pepper crop. The Kampot region produced about 120 tonnes of peppercorns last year, but farmers say that excessive heat and rain have made 2024 the worst on record.
Archegos founder to go on trial for fraud, market manipulation
Archegos founder Bill Hwang will go on trial Monday for alleged securities fraud and market manipulation, prosecutors said, following the fund's spectacular 2021 implosion that cost large banks billions of dollars.
Mercedes workers in Alabama to vote whether to join US union
The US auto workers union's drive to organize auto plants in the southern United States faces a second test this week at Mercedes-Benz in Alabama following a triumph last month.
Amazon plans to invest 1.2 bn euros in France: Macron's office
US e-commerce giant Amazon will invest more than 1.2 billion euros in France, creating more than 3,000 jobs, French President Emmanuel Macron's office said on Sunday. As Choose France prepared to get under way, several pharmaceutical groups, including US group Pfizer and Britain's AstraZeneca, announced on Sunday commitments to invest more than a billion euros more in France's health sector.
Boeing's problems rattle US aviation regulator as well
The US Federal Aviation Administration, sharply criticized after the crashes of two Boeing planes in 2018 and 2019, is again being dragged into a maelstrom surrounding the major American aerospace manufacturer.
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