Economy
SA businesses are turning a new leaf, according to Stats SA, Mzansi disagrees
Statistics SA says SA businesses have been showing positive growth, but South Africans argue this data is not reflective of small black-owned businesses.
Nestle sales slump on weak North America demand for frozen food
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America. "Weakness in the US centered around frozen pizza and snacks, where we saw a combination of soft consumer demand, intense price competition and a reduction in retailer inventories in the quarter," Manz said.
US economic growth slows significantly in first quarter
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday. On Thursday, the slowing in growth "primarily reflected decelerations in consumer spending, exports, and state and local government spending," said the Commerce Department.
Thousands of flights scrapped as French air traffic controllers strike
Thousands of flights were cancelled in France and Europe on Thursday as a strike by French air traffic controllers over pay caused stoppages not seen in decades.
Turkey central bank holds key interest rate steady
Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. Erdogan has allowed Turkey's central bank to hike its main policy rate from just 8.5 percent before his re-election last May to 50 percent.
Residents protest as Venice launches five-euro entry fee
Venice on Thursday began charging day-trippers for entry, a world first aimed at tackling mass tourism but opposed by protesters objecting to treating the historic Italian city as a museum.
Five things we learned at the China Auto Show
One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
Labour pledges to renationalise UK railways
Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year. Labour has been pretty light on policy detail as it tries not to blow a huge lead over Prime Minister Rishi Sunak's Conservatives in opinion polls, and return to power after 14 years in opposition.
US announces sweeping cuts to power sector carbon emissions
President Joe Biden's government on Thursday finalized sweeping plans to curb planet-warming emissions from the nation's fossil fuel plants as part of the United States' efforts to confront the climate crisis.
Economy
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