A Magaliesburg farmer faces R1.9 million losses due to the foot-and-mouth disease outbreak, impacting milk production as government vaccinations roll out.
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Dr. Kenneth Creamer discusses the Supreme Court’s ruling on South African exports
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Tesla wins key China security clearance during Musk visit
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Chinese EV giant BYD announces record annual profit for 2023
Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed Tuesday, despite fierce competition in the country as demand for electric vehicles grows. As BYD continues to perform well in the competitive Chinese market, it is now expanding abroad.
Unilever eyes ice cream float in Amsterdam
British consumer goods giant Unilever is mulling an Amsterdam stock market flotation for its ice cream division, whose top-selling products include Ben & Jerry's and Magnum, according to CEO Hein Schumacher. "As a company, we are now listed in London, the largest market for ice cream is the United States and we currently run the ice cream division from the Netherlands."
Karl Lagerfeld's Paris apartment sold for 10 millions euros
The futuristic Paris apartment of late fashion designer Karl Lagerfeld sold for 10 million euros ($10.8 millon) at auction on Tuesday, its notary said. The final price (which was 11.1 million euros with notary fees) was roughly double the guide price, set at 5.3 million euros.
BYD: Chinese electric vehicle giant with surging profits
China's BYD posted a record annual profit for 2023 on Tuesday, just months after surpassing Tesla to become the world's leading electric vehicle seller. That push saw it announce sales of 526,409 all-electric cars in the fourth quarter of 2023 -- surpassing Tesla's 484,507 in the same period.
BBC eyes funding reform as further cuts loom
The BBC is looking at reforming its main source of funding in the light of a government freeze and inflationary pressures, director-general Tim Davie said on Tuesday. To help bolster the corporation, which was set up in 1922, the BBC is planning to "proactively research" how to reform the licence fee before its charter is renewed in 2028, Davie revealed.
Paris Olympics to cost taxpayers 3-5 billion euros: auditor
The Paris Olympics this year are expected to cost the state between 3-5 billion euros ($3.2-5.4 billion), the French national auditor said Tuesday as new figures revealed the country's widening debt levels.
Ukraine ready to licence farm exports to assuage Poland: minister
Ukraine is ready to introduce export licences for its agricultural products to help address farmer anger in Poland, its agriculture minister told AFP, adding that he was "disappointed" by EU curbs on those goods.
Strike-hit German rail operator agrees to 35-hour week
German rail operator Deutsche Bahn said on Tuesday it had agreed with the GDL union to shorten train drivers' working week, ending a months-long row that caused strikes across the country.
Major Baltimore bridge collapses after ship collision
A major bridge in the US city of Baltimore collapsed early Tuesday after being struck by a container ship, sending multiple vehicles and people plunging into the frigid harbor below. It is a major part of the road network around Baltimore, an industrial city on the US East Coast next to the capital Washington.
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