A study conducted by the Socio-Economic Rights Institute (SERI) discovered that a portion of the South Africn population struggle to have enough food for a month.
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ConocoPhillips to buy Marathon for $22.5 bn in latest big oil deal
US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.
UK's Royal Mail buyout: Who is Czech billionaire Kretinsky?
A billionaire with interests in football clubs, media outlets, supermarkets and now the potential new owner of Britain's Royal Mail, Czech Daniel Kretinsky retains a stubbornly low profile internationally.
EU parliament offices raided in Russia meddling probe
Investigators on Wednesday raided the home and offices of an EU parliamentary staffer as Belgium probes claims that Russia paid far-right lawmakers -- including Germany's embattled Maximilian Krah -- to spread Kremlin propaganda. Belgium says its own intelligence services have determined that some lawmakers were paid to promote Moscow's propaganda.
New mega-refinery helps Kuwait to record capacity: minister
Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region's biggest refineries which started operating at full capacity in recent months. It was officially inaugurated on Wednesday, months after its output reached full capacity of 615,000 bpd.
Why UK major firms are facing takeover attempts?
Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids. However, US private equity firm Thoma Bravo has struck a deal to buy cyber security company Darktrace for $5.3 billion in cash.
Royal Mail owner accepts Czech billionaire's takeover
The owner of Britain's struggling Royal Mail said Wednesday it had accepted a takeover proposal from Czech billionaire Daniel Kretinsky worth £3.6 billion ($4.6 billion).
BHP asks for more time to explore Anglo American takeover
Mining behemoth BHP on Wednesday sought a deadline extension in its takeover pursuit of Anglo American, outlining a suite of measures to soothe shareholder concerns that have derailed previous offers. With a May 29 deadline looming, BHP -- which is listed in London and Sydney -- on Wednesday made a last-ditch attempt to mollify these concerns and keep its bid alive.
Asian markets retreat on US rate concerns, oil rallies after attack
Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East. Oil prices rose again on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.
'Two Mexicos' prepare to vote amid economic divide
One runs an aerospace parts maker, the other works in a restaurant near a major new oil refinery -- both women will vote in Mexican elections this weekend, but they could be from different countries. When the refinery was under construction, the restaurant where she works benefited from the arrival of hundreds of construction workers.
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