Nota Baloyi recently weighed in on where the South African economy was standing, saying if it was doing good as people claimed, then the Rand would be stronger.
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Big US banks balk at new capital rules in Senate hearing
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Reserve Bank's 'conservative' interest rate cut 'expected' as SA gears up for seasonal spending
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More shipping giants suspend passage via Red Sea after attacks
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Zimbabwean government halts payments to contractors, discovers suppliers are charging steep prices
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IMF gives draft approval to Argentina payout of almost $800 mn
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Adidas reports 2023 loss on Kanye fallout
Adidas on Wednesday reported a loss in 2023 due to the fallout from the end of its tie-up with Kanye West, but the company insisted it was starting to turn its fortunes around. But CEO Bjorn Gulden, who was brought in to lead the company from rival outfitter Puma shortly after the West tie-up fell apart, struck an upbeat tone.
EU parliament adopts 'historic' rules on AI
The European Parliament gave final approval on Wednesday to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI's ChatGPT. Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed, while also fostering innovation on the continent.
Musk visits Tesla's sabotage-hit German factory
Elon Musk travelled Wednesday to Tesla's factory near Berlin to lend his workers "support" after the plant was forced to halt production by a suspected arson attack on nearby power lines. With his son X AE A-XII in his arms, Musk said: "I am here to support you."
Wronged UK postmasters to have convictions quashed
Britain's government was set to unveil legislation Wednesday to exonerate hundreds of UK Post Office workers wrongly prosecuted over faulty computer software, in one of the country's worst miscarriages of justice.
Australian wine industry toasts expected end to China tariffs
The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease. Industry body Grape and Wine's chief executive Lee McLean welcomed the indication of tariff relief.
Volkswagen's 2023 profits rise, outlook for this year cautious
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year. Looking ahead, the German auto giant expects vehicle deliveries to advance in 2024, but by up to just three percent, due to tougher international competition and potential supply chain problems.
Cathay Pacific 'is back' with first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation. "The year was characterised by a notable surge in travel demand following three years of pandemic-related restrictions."
Cathay Pacific reports first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" following the pandemic.
Most markets track Wall St gains as US data fails to damp rate hopes
Asian markets mostly rose in line with Wall Street on Wednesday as forecast-beating US inflation data did little to dent expectations that the Federal Reserve will begin cutting interest rates this year.
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