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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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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EU chief plunged into controversy over top job pick
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How the Israel-Iran war is hitting South Africans in the pocket
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The Nedbank Top Empowerment Conference 2025 Is Around the Corner
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Tesla's German plant halts production after suspected arson attack
Tesla halted production at its German factory Tuesday after assailants allegedly set fire to high-voltage lines nearby, cutting power to the US electric carmaker's only European plant, the company and authorities said.
Shady bleaching jabs fuel health fears, scams in W. Africa
In her quest for "fair skin", an Ivorian YouTuber recently visited a market stall in Abidjan to receive several injections promoted as containing whitening agents. An Ivorian trader promoting a brand named Glutax told AFP that a wholesaler in Manila was behind the products.
China's economic woes far from over, despite optimistic growth goal
China's economic troubles are far from over and leaders admit the country will face an uphill struggle in hitting its goals for 2024, piling on the pressure for stimulus and reforms that experts say are needed to reverse the malaise. That will continue to trouble consumers who have been hit hard by high youth unemployment and the broader economic uncertainty.
Chemicals giant Bayer rules out break-up 'for now' after huge loss
German chemicals giant Bayer vowed Tuesday to "urgently" address key challenges after plunging deep into the red in 2023, weighed down by woes related to its glyphosate-based weedkillers. Anderson said Bayer faced "four challenges that urgently must be addressed."
Women battle on for equality in top business jobs
More women are taking top management jobs but inequality persists, with men still dominating business leadership roles, research showed ahead of International Women's Day on March 8. But the overall figures for women's representation at companies show they are still in a minority at the top level.
Bezos dethrones Musk to reclaim title of world's richest man
Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.
Vietnam property tycoon on trial in $12.5 billion fraud case
A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country's biggest ever fraud case. Other top business leaders targeted in the anti-corruption drive -- and accused of massive fraud -- include Truong Quy Thanh, the head of soft drink giant Tan Hiep Phat Group.
Asian markets mostly down as China sets 5% growth goal
Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators. In China on Tuesday, leaders set a 2024 growth target of five percent, in line with last year's GDP gains but well off the double-digit expansion that for years drove the world's second-largest economy.
China's leaders set five percent growth goal for 2024
China on Tuesday set a growth target of five percent, in line with last year's GDP but a far cry from the double-digit expansion that for years drove the world's second-largest economy. The parliament will also set the military budget, which a work report seen by AFP said would increase by 7.2 percent.
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