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"Yet salaries are barely adjusted": Advert of grocery prices in 2019 gives SA chest pains
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Thailand orders close watch on cheap 'elephant pant' imports
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"Even the specials are expensive": Woolies deals fail to impress Mzansi in TikTok post
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Swedish union widens strike for Tesla workers
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Snap lets go ten percent of staff
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Taiwan chip giant TSMC's profits surge on AI demand
Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology. CFO Wendell Huang also said during an earnings call Thursday that TSMC expects its second-quarter revenues to increase by 27.6 percent.
UN says solutions exist to rapidly ease debt burden of poor nations
The heavy debt weighing on developing countries can be alleviated through readily available measures, the UN's trade and development chief said, pleading for bold international action. There have been numerous efforts over the decades to resolve debt problems weighing on poor countries, but Grynspan said they have been so slow and complicated that they often act as a "deterrent".
EU seeks to take on China, US to reverse economic decline
The European Union's economy is falling further behind China and the United States, a major headache that will dominate leaders' talks on Thursday as they discuss how to stem the bloc's economic decline and bounce back. The EU has been put further on the back foot as China and the United States have ploughed billions of dollars of state aid to prop up their critical industries.
Tesla, Starlink entry on agenda when Musk heads to India
Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations. The Financial Times reported earlier this month that Tesla would send a team to scout locations in at least three states for a factory.
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.
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