A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
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UK's biggest water supplier plunges into deeper financial crisis
Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable". The company on Thursday said it was in talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".
IMF urges tighter Swiss regulation after UBS takeover of Credit Suisse
The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.
Sweden says worker negligence behind motorway landslide
Swedish authorities said Thursday that worker negligence at a construction site was believed to be behind a landslide that tore apart a motorway in western Sweden in September. Prosecutor Daniel Veivo Pettersson said Thursday he believed "human factors" were behind the landslide as "no natural cause" had been found during the investigation.
Poland, Ukraine hail 'step forward' on farm imports dispute
Poland's prime minister on Thursday hailed the progress made in talks with Ukraine on farm imports and border blockades by Polish farmers that had frayed ties between the neighbouring allies. Talks between ministers from both governments are also scheduled for Thursday, to discuss defence cooperation between the allies.
Financial crisis at UK's biggest water supplier worsens
Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable". The company added it was in "ongoing" talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".
UK greenhouse gas emissions fell 5.4% in 2023: data
UK greenhouse gas emissions fell by 5.4 percent in 2023, largely due to a reduction in the amount of gas used in power stations, according to official data published on Thursday. Gas use for electricity generation fell 21.1 percent in 2023, "primarily due to higher electricity imports from France, as well as UK electricity demand continuing to decline", said the report.
German court rules against Mercedes in emissions case
A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation. It was not immediately clear how much Mercedes might have to ultimately pay out, or how many vehicle owners may seek to claim compensation.
Poland, Ukraine hold talks on farm imports dispute
Poland's prime minister on Thursday hosted his Ukrainian counterpart for long-awaited talks designed to ease friction over Ukrainian farm imports and border blockades by disgruntled Polish farmers.
Asian markets mixed after Fed official floats rate cut delay
Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before. That comment came a week after the bank lifted interest rates for the first time in 17 years as it shifts away from its long-running ultra-loose monetary policy.
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