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.
Economy
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Why Gold Still Matters to South African Forex Traders in a Changing Global Economy
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BoE pauses, ECB tipped to follow as rate cut pressure mounts
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US consumer inflation cools more than expected in October
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UK Labour touts pro-business shift as industry figures back party in election
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US Fed officials urge patience on interest rate cuts
Economy Latest News
The 10 contenders for the best picture Oscar
From dramas about the atomic bomb and Auschwitz, to comedies about dolls and sex-mad reanimated corpses, the lineup of best picture contenders at Sunday's Oscars is the most varied in years. Christopher Nolan's drama about the father of the atomic bomb drew critical acclaim, grossed nearly $1 billion, and has won just about every top prize Hollywood has to offer.
Argentina govt suspends state news agency Telam
Argentina's government on Monday suspended the Telam state news agency in the wake of an announcement by President Javier Milei that he would shut down what he called a mouthpiece of "propaganda" for previous leftist administrations.
American Airlines orders 260 jets from Airbus, Boeing, Embraer
American Airlines unveiled a large order on Monday of narrow-body planes from European giant Airbus, Brazil's Embraer and Boeing, including a model from the US giant that has yet to be certified.
China's leaders to set growth goals as economic woes mount
China is set to unveil some of its lowest growth targets in decades when top Communist Party officials begin an annual meeting Tuesday, as the world's second largest economy faces dire headwinds. But 12 months on and all focus will be on the dire state of China's economy, which last year posted some of its lowest growth in decades.
Germany braces for fresh rail, air travel strikes
Germany braced for more travel misery after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, amid escalating rows over inflation-busting pay rises. The GDL train drivers union added to the tensions on Monday by announcing a strike wave after negotiations with Deutsche Bahn over higher pay and a shorter work week broke down.
JetBlue, Spirit Airlines cancel merger after blocked by US court
JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. "We will continue to vigorously enforce the nation’s antitrust laws," he added.
Ghanaian finance ministry warns against fallout from anti-LGBTQ law
Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds. "In total, Ghana is likely to lose US$3.8bn in World Bank financing over the next five to six years.
Tokyo stock market hits high; oil prices dip
Japan's benchmark Nikkei 225 stocks index closed above 40,000 points for the first time Monday, while oil prices dipped after major crude producers agreed to cut output for a while longer, as expected. The extension to mid-2024 is part of an agreement among oil producers to boost prices following economic uncertainty.
UK awaits voter-friendly budget before election
Britain's Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak's party badly trails main opposition Labour in polls. Finance minister Jeremy Hunt, who unveils his budget before parliament, dampened hopes of major tax cuts in comments at the weekend.
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