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.
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"Yet salaries are barely adjusted": Advert of grocery prices in 2019 gives SA chest pains
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Tractors throng Brussels as ministers meet on farm rules
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Delta reports profit jump but lowers earnings forecast
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Chinese officials meet to mull support for developers: Bloomberg
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French media scion resigns after embezzlement charge
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Oil surges, equities sink as Iran blasts fan MidEast escalation fears
Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran.
Mideast in 'shadow of uncertainty' due to regional conflicts: IMF
Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday. In the face of the ongoing conflicts in Gaza and Sudan, and a recent cut to oil supplies by Gulf countries, the IMF has pared back its growth outlook for the Middle East and North Africa (MENA) region once again.
IMF chief urges attention to war-ravaged Yemen, Sudan
International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.
Family affair: Two more Arnault sons join LVMH board
Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.
Taylor Swift's 'The Tortured Poets Department' set to drop
Taylor Swift is primed to release her highly anticipated record "The Tortured Poets Department" on Friday -- the 11th studio album from the megastar who is already having a blockbuster year. The working theory is that "The Tortured Poets Department" centers on her ex, British actor Joe Alwyn, who Swift dated starting in 2016 until they broke up about a year ago.
Norway's wealth fund posts $107 bln first quarter gain
Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday. Shares, which accounted for 72.1 percent of the fund's portfolio, saw a 9.1 percent return in the first quarter, buoyed by a stock market rally amid the prospect of falling interest rates.
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.
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