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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China's economy of 'great concern' as annual political meeting to kick off
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BoE pauses, ECB tipped to follow as rate cut pressure mounts
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Starbucks set for talks with unionized US stores
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Boeing replaces 737 MAX chief after January mid-air scare
Economy Latest News
G20 hears a $250-billion-a-year idea: tax the super-rich
French economist Gabriel Zucman brought a $250-billion-a-year idea to top policy makers from the world's biggest economies Thursday: slap an international wealth tax on the super-rich. - What is argument for minimum tax on super-rich?
Oprah's WeightWatchers exit sends stock tumbling
Oprah Winfrey's announcement that she is leaving the board of WeightWatchers sent the company's shares tumbling Thursday -- the latest sign of trouble for the brand as it struggles to compete with new weight-loss drugs. "Director Oprah Winfrey has decided not to stand for reelection at the company's upcoming annual meeting of shareholders," WeightWatchers said in a statement Thursday.
US Fed official says open to 'summer time' interest rate cut
The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday. Bostic's summer time cut prediction appears to chime with the current views in the financial markets about when the Fed could start reducing rates.
Brazil urges G20 ensure 'super-rich pay fair share' of taxes
Brazil's finance minister called Thursday for an international plan to ensure the world's super-rich pay their taxes, urging G20 nations to adopt a shared stance on preventing billionaire tax-dodging by July.
US Fed's favored inflation gauge falls, but price pressures remain
The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.
Italy says it wants Chinese carmakers but only under conditions
Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers. Minister of Economic Development Adolfo Urso said Wednesday he was in talks with three Chinese automobile groups, without naming them.
EU lawmakers back transparency rules for Airbnb-style rentals
The European Parliament approved new data-sharing rules Thursday that clamp down on illegal short-term rentals to protect the residents of European cities -- many of whom face shortages of affordable housing.
British Airways owner IAG, Air France-KLM post bumper profits
Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.
WTO ministers struggle to forge fish, farm, digital deals
World trade ministers were locked in disagreement on fisheries subsidies, agriculture and digital customs duties as a major WTO conference entered its last scheduled day on Thursday. They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.
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