Understand how the Israel-Iran conflict impacts South African petrol prices, food costs, and the economy, with insights into global oil supply and currency effects.
Economy
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Experts say modest sin tax hikes won’t ease pressure on SA healthcare system
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South African teacher’s reaction to R8 petrol hike sparked outrage over salaries and affordability
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King coal set to lose crown for electricity production: IEA
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Asian equities tumble, oil extends gains on Middle East worries
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Yellen says US unlikely to see 'stagflation'
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Yellen to press China on 'unfair' trade practices during visit
US Treasury Secretary Janet Yellen leaves Wednesday for China, for the second time in less than a year to manage ties as Washington maintains a tough stance on Beijing ahead of November's election. The state-owned China Daily wrote in a recent editorial that Yellen is known for her "often pragmatic and relatively positive tone" in managing US-China ties.
Taylor Swift officially declared a billionaire by Forbes
Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. Along with her vast songwriting catalog, Swift staged the first billion-dollar tour ever -- the ongoing Eras Tour has boosted economies and delighted fans around the world.
Tesla reports drop in auto sales, while Toyota sees US surge
Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. At Toyota, US auto sales for the quarter jumped 20.3 percent to 565,098.
World Bank estimates damage to Gaza critical infrastructure at $18.5 bn
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
US Fed official predicts higher long-term interest rates
A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest rates over the longer term due to the enduring strength of the US economy.
Kyrgyzstan to stop accepting Russian payment cards
Kyrgyzstan will stop accepting Russia's Mir payment cards amid concerns it could expose the country's financial sector to Western sanctions, the national payments operator said Tuesday. It cited the US Treasury's decision to sanction the Russia's National Card Payment System, the Mir operator, in February.
Heathrow exec appointed new head of Britain's Royal Mail
Logistics and mail group International Distributions Services on Tuesday said it had appointed Emma Gilthorpe as chief executive of its subsidiary Royal Mail. Gilthorpe will join the embattled British postal operator on May 1, working with group chief executive Martin Seidenberg before taking over fully later in the summer months.
Tesla Q1 auto deliveries fall 8.5 pct, shares drop sharply
Tesla reported an 8.5 percent drop in first-quarter auto deliveries, missing estimates from leading analysts and weighing on shares. Elon Musk's auto giant reported 386,810 deliveries over the period, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers.
Superdry shares plummet as CEO rules out takeover
Shares in troubled British clothing brand Superdry dived Tuesday after its chief executive ruled out a takeover of the troubled company. However, shares tumbled more than 50 percent to 14.14 pence in London afternoon deals on Tuesday after Dunkerton indicated he had decided against such a move.
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