New proposals could replace South Africa's current BEE system with a corporate levy or tax surcharge, as economists signal major changes to transformation policy.
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South Africa secures R25 billion World Bank loan to boost infrastructure and create jobs
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How the Israel-Iran war is hitting South Africans in the pocket
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Parisians vote in anti-SUV parking and pollution referendum
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Spar and Engen garage's R5 difference in bread price sparks debate about SA supermarkets, "Woolworths bread is cheaper"
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Educated and unemployed: India's angry young voters
At a run-down job centre in the suburbs of India's financial capital Mumbai, 27-year-old Mahesh Bhopale dreams of a well-paid government post -- just like millions of other young, unemployed graduates. The International Labour Organization estimates 29 percent of India's young university graduates were unemployed in 2022.
Ohtani translator charted with stealing over $16 mn from Dodgers star
The former Japanese-language translator for Shohei Ohtani was charged with bank fraud on Thursday for allegedly stealing more than $16 million from the Los Angeles Dodgers superstar to pay off gambling debts.
French PM, Trudeau defend Canada-EU trade pact
Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature. Attal also "welcomed Canada's support for Ukraine."
Report links H&M, Zara to environmental destruction in Brazil
Fast fashion giants H&M and Zara have used cotton from farms linked to massive deforestation, land-grabbing, corruption and violence in Brazil, a report by the environmental group Earthsight said Thursday.
US Fed's Barkin says recent inflation data 'not supportive' of case for rate cuts
The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday. "But you've got to start with when does inflation start to make that case?"
France's Macron calls for 'sustainable' defence industry effort
France's President Emmanuel Macron on Thursday called for a "sustainable" effort to scale up weapons production following the Russian invasion of Ukraine as he laid a foundation stone for a much-needed gunpowder factory.
Aston Martin to make petrol cars 'for as long as allowed'
British luxury carmaker Aston Martin Lagonda will continue to produce traditional combustion-engine vehicles for as long as legally possible, its boss told UK media this week. "For as long as we're allowed to make ICE (internal combustion engine) cars, we'll make them.
'Robust' US has helped improve global economic outlook, IMF chief says
Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.
Corporate climate pledge weakened by carbon offsets move
The world's main benchmark for vetting corporate climate action has been accused by its own staff of "greenwashing" after allowing businesses to use carbon credits to offset pollution from their value chains.
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