South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
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Between the office and nature for Prada's winter menswear
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UBS to spell out growth plan after Credit Suisse takeover
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R1,000 grocery budget can barely feed one child a nutritious diet for a month, report shows
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Germany unveils huge electricity price relief for industry
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Markets rise on tech bounce hope, inflation in focus
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UK lawmakers demand action on finance sector misogyny
Efforts to tackle sexism in the UK financial sector, known as the City, are "at a snail's pace", lawmakers concluded Friday, as they demanded "urgent action" be taken over misogyny. "That's why it's so frustrating that efforts to tackle sexism in the city are moving at a snail's pace," she added.
Nigeria targets cryptocurrency in bid to end naira freefall
The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny. The decision came after authorities in Africa’s biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency.
Asian markets join rally after Wall St, European records
Asian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic for a series of US interest rate cuts this year, with attention now on crucial jobs data due later in the day. Focus is now on the US non-farm payrolls figures due later in the day, which analysts said will have a big bearing on markets.
Rupert Murdoch is engaged once again -- at 92
Media magnate Rupert Murdoch is not giving up on love -- even at age 92. Murdoch handed over control of his global media empire to son Lachlan last November, shifting to an emeritus status. tjj/acb
US power company admits it might have started huge Texas fire
A US power company admitted Thursday that its equipment may have sparked the largest wildfire in Texas' history. It is not uncommon for US power companies to be blamed for destructive wildfires.
Swiss look at using Russian assets for Ukraine reparations
Swiss lawmakers on Thursday narrowly backed moves towards allowing the use of frozen Russian state assets to fund war reparations in Ukraine. It would be aimed at allowing frozen funds from an aggressor's central bank, or assets of its state-owned companies, to be legally transferred to an attacked state.
Pornhub platform sues over EU content law
Porn site Pornhub is challenging the European Union's landmark digital content law, arguing it does not meet the criteria to come under stricter rules, its parent company said Thursday. Pornhub has filed a challenge with the General Court of the EU in Luxembourg, its parent company Aylo said in a statement.
US rate cuts 'can and will' start this year if trends continue: Fed chair
The US Federal Reserve "can and will" begin cutting interest rates this year if current economic trends continue, the head of the US central bank told lawmakers in Washington Thursday.
Biden to push higher corporate tax in key political speech
US President Joe Biden is expected to raise pressure Thursday on major corporations and wealthy individuals, calling for them to pay more in taxes in his State of the Union speech.
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