South African salary earners saw a nominal pay rise in June 2026, but inflation eroded real incomes, with economists warning of further budget strain ahead.
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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.
French deficit worsens to 'very rare' level
France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years. - 'Meltdown' - Le Maire said Tuesday he stood by France's objective of bringing the deficit back below three percent of GDP by 2027, promising his "total determination" to do so.
Spain takes stake in Telefonica after Saudi deal concerns
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Sri Lanka cuts key interest rates, seeks China deal
Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told reporters in Colombo.
Olympics tech firm Atos posts huge loss but says Games unaffected
Debt-ridden French IT group Atos, the cybersecurity and data provider for the Paris Olympics, posted a huge annual loss Tuesday but vowed that its troubles would not disrupt the Games. Atos' cybersecurity arm, Eviden, will provide cybersecurity to the entire information system for the Games, the Olympic sites, personnel and volunteers.
Swiss chocolatiers bank on the Easter bunny as cocoa costs soar
Swiss chocolatiers have a battle on their hands as Easter rolls around, with surging cocoa prices sending their costs soaring and consumers cutting back as inflation hits their pockets.
Asian markets fluctuate as traders weigh US rate outlook
Asian stocks swung through the morning session Tuesday as traders weighed the outlook for US interest rates ahead of the release of a key inflation reading. Readings on economic growth, jobless claims and business sentiment are also up for release.
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