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"Yet salaries are barely adjusted": Advert of grocery prices in 2019 gives SA chest pains
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Swedish union widens strike for Tesla workers
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Asia gas expansion threatens green transition: report
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Chinese firms exit Romania solar tender after EU probe
Economy Latest News
EU lawmakers to greenlight new spending rules
The EU hopes to move towards healthier public finances after the expected passage of reforms to the bloc's spending rules on Tuesday in the European Parliament. EU negotiators finally reached agreement on the reform in February and now the European Parliament must give its final green light.
Tesla earnings a 'moment of truth' for Musk after stumbles
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline. Tuesday's earnings and conference call are a "moment of truth" for Tesla and Musk, constituting "one of the most important moments in the company's history in our view," said a note from Wedbush.
Honda to build major EV plant in Canada: govt source
Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday. The Honda plant, to be built an hour outside Toronto, in Alliston, will also produce electric-vehicle batteries, joining existing Volkswagen and Stellantis battery plants.
Chile steel plant reopens as tariffs imposed on Chinese imports
Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports. Then on Saturday, Chile's finance ministry imposed a temporary tariff ranging from 25 percent to 34 percent on Chinese steel imports.
New EU spending rules bring back debt discipline focus
With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances. The indebted countries -- for example, Italy whose debt is 140 percent of GDP -- believed the pact was a straitjacket that penalised public investment.
Denmark launches its biggest offshore wind farm tender
The Danish Energy Agency on Monday launched its biggest tender for the construction of offshore wind farms, aimed at producing six gigawatts by 2030 -- more than double Denmark's current capacity. This is a massive investment in the green transition," Kristoffer Bottzauw, head of the Danish Energy Agency, said in a statement.
Malaysia to build massive chip design park: PM
Malaysia's leader on Monday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation's role in the global chip industry.
Markets bounce as MidEast fears ease, US inflation in view
Asian markets rose Monday, clawing back some of last week's losses, as Middle East worries subsided while traders look ahead to the release of key US inflation data and corporate earnings. The disappointing CPI data has dented hopes for a cut in June, while traders have scaled back their outlook for how many the Fed will make this year.
SAA puts route expansion on hold while chair Derek Hanekom courts investors
SAA chairperson Derek Hanekom says plans to expand routes will be suspended. The airline is still seeking potential investors after the failed Takatso deal.
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