FinWise shares the truth behind living on R25,000 in Durban, sparking debate among locals on affordability in KwaZulu-Natal amid rising costs of living.
FinWise shares the truth behind living on R25,000 in Durban, sparking debate among locals on affordability in KwaZulu-Natal amid rising costs of living.
Business activity in the eurozone picked up in April thanks to "increasingly robust" growth in the services sector, a closely watched survey showed Tuesday. "Increasingly robust service sector growth was nevertheless accompanied by signs of a further moderation of the manufacturing downturn," S&P Global said.
London's FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers which have struck all-time peaks this year as inflation cools. The FTSE reached 8,076.52 points shortly after the open, surpassing a record 8,047.06 struck in February last year.
Venice will this week begin charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism. The aim of the tickets is to persuade day trippers to come during quieter periods, to try to thin out the worst of the crowds.
Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.
In the glacial waters of the Lofoten archipelago in Norway's far north, Angelita Eriksen uses a knife to cut a handful of seaweed that will soon end up in a fancy European eatery. "It can be quite cold, as we can stay out for about an hour along the shore", with lower legs and hands submerged in the chilly water.
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 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.
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'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.
Economy
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