The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rate was reduced to 7% and the prime lending rate was reduced to 10.5%.
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EU states agree 'prohibitive' tariffs on Russia grain imports
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Missile hits cargo ship off Yemen: maritime risk company
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Commercial spaceship set for lunar touchdown, in test for US industry
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Oil, gas drilling blocked in Alaska wilds as Biden seeks green cred
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Trial over $1.8 bn fraud at Malaysia's 1MDB opens in Switzerland
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Asian markets bounce after tough week as US inflation looms
Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. "Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year," Capital.com's Kyle Rodda said.
Flood-hit Brazil businesses count losses, look to future
The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed. According to a local industry federation, nine out of 10 factories in the state have been affected by the flooding.
World's biggest companies snap up 'likely junk' carbon offsets: analysis
Globally recognized companies -- from oil and gas majors to the banking sector and tech -- are contributing to greenwashing by snapping up vast quantities of "likely junk" carbon offsets, a watchdog warned Thursday.
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years. In a statement posted to the Saudi stock exchange, Aramco announced a "secondary public offering of 1.545 billion shares", with an expected price range between 26.70 and 29 Saudi riyals ($7 to $7.70).
Pharma firm urged to share new 'game-changer' HIV drug
More than 300 politicians, health experts and celebrities called Thursday for US pharmaceutical giant Gilead to allow generic versions of a promising new HIV drug to be produced so it can reach people in developing countries most affected by the deadly disease.
US Democrats call for criminal probe into Big Oil price-fixing
Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing. The letter came with Democrats escalating a confrontation with so-called "Big Oil" over high prices and greenhouse gas emissions as the presidential election looms in November.
Africa economic growth not enough to tackle poverty: AfDB
Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday. "We believe that African economies ought to be growing at double digits for probably the next decade or so to be able to have the kind of transformation that we need as a continent."
Four arrested in major international anti-malware sweep
Authorities arrested four people and took down or disrupted more than 100 servers in the "largest ever" operation against botnets that deploy ransomware, Europol said Thursday. "This is the largest ever operation against botnets, which play a major role in the deployment of ransomware," the agency based in The Hague said.
Why has Russian wheat been entering the EU duty-free?
Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify. Following Russia's invasion, the EU eliminated tariffs on Ukrainian products.
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