South Africa’s unemployment crisis surpasses even Great Depression levels. With 12 million seeking work and a 43.7% rate, the situation demands urgent attention.
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UK inflation slows to lowest level in almost 2.5 years
Britain's annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start cutting interest rates in the coming months. "The Bank of England has already said it's not going to cut interest rates in a hurry," Sarah Coles, head of personal finance at Hargreaves Lansdown, said following Wednesday's data.
EU strikes deal to cap Ukraine imports of poultry, corn, some grains
EU member states and lawmakers on Wednesday reached a deal to cap duty-free imports of some Ukrainian grains, which were allowed in the wake of Russia's invasion but have drawn fierce protests from farmers in the bloc.
Vietnam farmers struggle for fresh water as drought brings salinisation
Every day, farmer Nguyen Hoai Thuong prays in vain for rain to fall on the cracked dry earth of her garden in Vietnam's Mekong Delta -- the country's "rice bowl" agricultural heartland. I have to change to raising cows instead," 31-year-old farmer Thuong told AFP from her burning hot village, where ground that should be lush wet rice paddy stands cracked and dry.
Crisis-hit Playmobil eyes a Swift boost as it turns 50
As Playmobil turns 50, the German company behind the popular plastic figures is hoping that pop megastar Taylor Swift can help it shake off a slump in fortunes. As well as tie-ups with popular figures like Swift, the company is targeting nostalgic adults and so-called "kidults" -- grown-ups who still enjoy playing with toys.
Asian markets swing as traders await Fed policy decision
Asian markets fluctuated Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve's policy meeting. Still, Wall Street investors remained upbeat, pushing all three main indexes higher on the back of a tech rally, with the S&P 500 chalking up another record.
US Fed expected to keep rates on hold and debate timing of cuts
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.
Philips looks to AI as seeks to turn the page on defective respirators
Medical device manufacturer Philips is betting on innovation as artificial intelligence (AI) transforms the healthcare industry, its chief executive told AFP in an interview on Tuesday, as the company looks to turn the page on a massive recall of defective sleep respirators.
Renault CEO urges 'Marshall Plan' for Europe electric vehicles
The chief executive of French automaker Renault called Tuesday for a European "Marshall Plan" to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of Chinese competition. "A European Marshall Plan could be put in place to accelerate parc renewal and thus drastically reduce CO2 emissions," he wrote.
European plastics industry 'in trouble' as market share falls
Europe's share of global plastics production has fallen while China's output now accounts for a third, an industry report showed Tuesday. Europe's share of global production fell from 22 percent in 2006 to 14 percent in 2022, according to an annual report by Plastics Europe.
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