South Africa faces steep fuel price increases from 2 September 2026, with diesel rising significantly due to high oil prices amid geopolitical tensions.
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Gold hits new record high on Fed rate cut bets
Gold hit another fresh record high Monday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report. On Monday it hit a new high of $2,256.44, according to Bloomberg News.
New Japanese whisky rules aim to deter imposters
Japanese whisky is world-famous, often eye-wateringly expensive, and from Monday will be more strictly defined in an industry push to deter foreign-made imposters. But concern and confusion have also grown among producers and customers as beverages made elsewhere -- and sometimes not even whisky -- are marketed as "Japanese whisky".
Markets mixed after US inflation data, China figures give boost
Asian markets were mixed Monday after data showed a slight uptick in US inflation but Federal Reserve boss Jerome Powell said the reading was "in line with expectations". Powell said the report "is pretty much in line with our expectations" and decision-makers were on track to hit their long-term inflation target of two percent.
Kenya tourist revenue climbs above pre-Covid levels
Revenue from tourism in Kenya jumped nearly a third in 2023 over the previous year beating the pre-pandemic numbers, according to the tourism ministry.
Maintenance staff shortage could clip aviation industry's wings
The United States is grappling with a shortage of maintenance workers in the aviation industry, with baby boomers retiring and others changing jobs during the pandemic. "The pressure to produce and the retirement of many skilled baby boomers during COVID may also be contributing to some of the quality-control issues plaguing the industry," the recent Oliver Wyman report added.
Baltimore bridge highlights role of migrants in US workforce
The death of six Latino workers who were fixing potholes when a Baltimore bridge collapsed highlights the crucial role immigrants play in keeping America running, say advocates. - High risk - Those risks, even if they are not always fatal, as they were for the Baltimore bridge workers, are all too real.
Bulgaria, Romania take first steps into Europe's visa-free zone
Bulgaria and Romania joined Europe's vast Schengen area of free movement on Sunday, opening up travel by air and sea without border checks after a 13-year wait. Bulgaria and Romania both hope to fully integrate into Schengen by the end of the year, but Austria has so far relented only on air and sea routes.
US Fed's inflation fight remains on track despite recent uptick: Powell
The recent rise in US inflation hasn't stalled the Federal Reserve's ongoing fight against rising prices, Fed chair Jerome Powell said Friday, shortly after the publication of fresh government data. He said that while the recent inflation data were higher than the Fed would have liked, the February figures were "definitely more along the lines of what we want to see."
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