China and South Africa forge a trade partnership, boosting the local economy through duty-free access for South African exports. Mixed reactions arise.
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Competition Commission questions high sunflower oil prices, suspects price gouging is at play
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Inflation, unemployment weigh on DR Congo leader's economic gains
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US Fed governor says a 'soft landing' is possible
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Indonesia's coal love affair still aflame despite pledges
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Mzansi questioned sudden Rand surge against the dollar after shocking exchange rate shift
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Markets rise as traders consider US rate outlook
Asian markets rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon. Comments from Fed officials reinforced the view that sticky inflation and a resilient US economy will keep the bank from easing monetary policy anytime soon.
Prosecutors seek 12-year sentences for 'Panama Papers' accused
The prosecution sought 12-year prison sentences Wednesday for the founders of a now-defunct law firm at the center of the so-called "Panama Papers" tax evasion scandal. The prosecution requested up to 12 years in prison for both in that case.
US to reimpose oil sanctions on Venezuela
The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.
World Bank aiming to connect 250 mn Africans to energy grid by 2030
The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday. "Back in COP28, the World Bank made a commitment to connect 100 million Africans to affordable energy by 2030," World Bank president Ajay Banga told an event at the Bank's headquarters in Washington.
US to reimpose oil sanctions on Venezuela: officials
The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday. "The areas in which they've fallen short include... what we see as a continuing pattern of harassment and repression against opposition figures," the official added.
At IMF, Brazil and France renew push for 'fairer' international taxation
The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.
Climate impacts set to cut 2050 global GPD by nearly a fifth
Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.
Designer of France's high-speed train Jacques Cooper dies
Jacques Cooper, designer of France's first ultra-fast TGV train that shattered world speed records when it came into service in 1981, has died aged 93, his former employer Alstom said Wednesday.
ASML shares dive on lower profits, orders
Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West. ASML announced this year that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.
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