Understand how the Israel-Iran conflict impacts South African petrol prices, food costs, and the economy, with insights into global oil supply and currency effects.
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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.
Boeing says employees must take 'immediate' action on safety measures
US aeronautics giant Boeing, facing increased scrutiny after a series of safety incidents and manufacturing issues, is directing employees to take "immediate actions" to improve operations, according to a message the company sent to its workforce Tuesday.
Britain vows to build new gas power stations
British Prime Minister Rishi Sunak's government pledged Tuesday to build new gas-fired power stations to boost energy security, drawing criticism over his climate policies before this year's general election.
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