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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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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Dinar ban sparks cash crunch for Kosovo Serbs
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Several countries extend oil cuts to boost prices
Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.
Swiss vote to boost pension payments: projection
Swiss voters on Sunday accepted a proposal to significantly boost pension payments, projections showed, in a move hailed as "historic" by backers at a time when the country's ageing population faces ever-swelling living expenses.
'Game-changing' tech fuels US relook at China data risks
From genomic information to internet-connected cars, the United States is rethinking its data protection policies -- with further trade curbs aimed at China in the cards -- as tech like AI brings new risks. She noted that the Commerce Department's investigation into risks from Chinese tech in connected vehicles is "a long-overdue look into the application layer of the future internet."
Cargo ship damaged by Huthi strike sinks: Yemen government
A cargo ship loaded with fertiliser has sunk in the Gulf of Aden less than two weeks after it was damaged by missiles from Yemen's Huthi rebels, Yemen's government said Saturday. Since November, the Huthis have been carrying out attacks on ships linked to Israel in the Red Sea and the Gulf of Aden, saying they are acting in solidarity with Palestinians in the Gaza Strip.
South African drivers brace for fuel hike, March prices projected beyond R24 per litre
South Africans will be paying for more than R24 a litre for petrol from the 6 of March 2024. The main drive behind the coming hikes is the global oil price.
Asia's richest man takes global rich to the zoo
Top global celebrities will don "jungle fever" outfits in India for a trip to the zoo on Saturday as part of a party thrown by Asia's richest man. In the evening, reports added, guests will ditch their safari-themed outfits for more elegant wear for an evening party celebrating Indian culture.
Europe battles powder shortage to supply shells for Ukraine
Hard-to-find gunpowder is hindering Europe's scramble to provide hundreds of thousands of shells for Ukraine's defensive effort against Russian invaders, with solutions only starting to emerge. "For now, the Ukrainians are short of shells... the Russians don't have a shortage since they got stocks from the North Koreans, but it could happen in the coming months," he added.
Spirit Aerosystems shares surge on report of possible Boeing buy
Shares of Spirit AeroSystems surged Friday following a report it could be bought by Boeing as the aviation giant seeks to right itself amid its latest safety crisis. The company went public as Spirit AeroSystems in November 2006.
Eurozone inflation dips further in February
Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month.
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