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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Why Gold Still Matters to South African Forex Traders in a Changing Global Economy
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Wine growers 'on tip of Africa' race to adapt to climate change
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UN, France co-host first forum to decarbonise construction sector
France warned Thursday that the world's construction sector was not on track to decarbonise by 2050 as it co-hosts with the UN Environment Programme the first ever conference aimed at reducing the industry's impact on climate change. "The sector is not on the right path to decarbonise by 2050," the ministry said.
Saudi says 8% Aramco stake transferred to PIF wealth fund portfolio
Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Last year, four percent of Aramco's shares, worth tens of billions of dollars, were transferred to Sanabil Investments, a firm controlled by the PIF, one of the world's biggest sovereign wealth funds.
New German strike round snarls rail, air traffic
Hundreds of thousands of passengers in Germany faced travel misery Thursday as rail and airport workers staged new strikes to back demands for higher wages. - 'No longer reliable' - Rail employees have been staging repeated strikes to demand a pay rise to help members manage the higher cost of living in light of inflation.
Niger isolated and suspicious despite end of sanctions
It's been two weeks since the lifting of tough sanctions on military-ruled Niger, but the pace of economic recovery is slow and the generals have shown no inclination to re-open the border with Benin and seek a diplomatic settlement with neighbouring nations. Economic pragmatism, however, suggests that borders should soon be opened.
Spain's Mango clothing chain ramps up global expansion
Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.
Lufthansa doubles profit in 2023, but strikes cast shadow
German airline giant Lufthansa more than doubled its profits in 2023, extending a rebound from the coronavirus pandemic even as it faces fresh risks from a wave of industrial action. Like other airline groups, Lufthansa was hit hard when the coronavirus shut down global air travel and it had to be bailed out by the German government in 2020.
Lufthansa doubles profit in 2023 as demand booms
German airline giant Lufthansa said Thursday it had doubled profits in 2023 on booming demand, as the aviation sector extends a rebound from the coronavirus pandemic. Like other airline groups, Lufthansa was hit hard when the coronavirus shut down global air travel and it had to be bailed out by the German government in 2020.
China trade surges in first two months of 2024
China's exports sharply accelerated in the first two months of 2024, official figures showed Thursday, providing policymakers a bright spot as they battle to revive the world's second-largest economy. Exports have been increasing since November, after six straight months of contraction.
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