South African salary earners saw a nominal pay rise in June 2026, but inflation eroded real incomes, with economists warning of further budget strain ahead.
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French, US drug firms team up for Covid-flu shot
French pharmaceutical giant Sanofi and struggling US rival Novavax announced Friday an alliance to sell a Covid vaccine and develop another that combines with a flu shot. The French group will be able to develop a combination flu-Covid vaccine using its own flu shots with the US company's Covid jab.
Honda posts record profit, issues cautious forecasts
Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. On Friday, Honda said global vehicle sales were up, thanks largely to its vehicles' popularity in the United States.
UK economy exits recession ahead of election
Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year's election. GDP shrank by 0.3 percent in the fourth quarter of 2023 after contracting 0.1 percent in the prior three months, the ONS confirmed Friday in unrevised data.
In Benin, tensions soar over cost of living
In the heart of Cotonou’s large Dantokpa market, Diane Makpenon's family corn shop is less busy than usual these days. "Going to the market has become torture.
Iceland's 'Mammoth' raises potential for carbon capture
With Mammoth's 72 industrial fans, Swiss start-up Climeworks intends to suck 36,000 tonnes of CO2 from the air annually to bury underground, vying to prove the technology has a place in the fight against global warming.
Asian markets mostly rise as US data boosts rate hopes
Growing hopes that the Federal Reserve and other central banks are close to cutting interest rates helped push Asian stocks higher Friday. The European Central Bank is expected to cut its rates in June.
American Airlines union seeks Biden support in contract fight
Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations.
Argentina's Milei faces 2nd general strike in 5 months
Argentina's President Javier Milei faced his second general strike Thursday in just five months in office, as workers angered by austerity cuts brought the capital to a standstill. - 'Useless sacrifice' - Just weeks after taking office in December, Milei faced his first general strike.
Porsche recalls thousands of Taycans over faulty batteries
German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire. Some 858 Taycans were initially identified as being at risk and recalled in January, but after further checks the company determined that further vehicles could also be affected.
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