A growing significance of the gig economy in South Africa’s labour market. A using ride-hailing to supplement income, while some rely on it as a primary livelihood.
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Amazon says repays $1.9 mn to workers in Saudi over unlawful fees
Online retailer Amazon said Friday it had paid $1.9 million to more than 700 contracted workers in Saudi Arabia as reimbursements for unlawful recruitment fees, among other alleged violations. As a result, "Amazon paid $1.9 million in reimbursements to over 700 contracted workers", the statement added.
Boeing, Airbus struggle to deliver planes as supply chain woes persist
Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said. Aviation analyst Shukor Yusof said Boeing and Airbus had already indicated that some of their popular models would be unavailable until 2030.
Tech titans yield to new EU rules before March deadline
2024 will be a year of change for the world's biggest tech companies as they bow to EU rules that come into force next month, shaking up how Europeans use vastly popular platforms from Google to Instagram.
Shipping insurance rates soar on Red Sea missile attacks
Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes. The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.
Asian markets advance after record rallies
Asian shares climbed Friday following a day of record highs in Japanese, US and European markets after demand for AI-powering chips drove tech gains. The Nvidia and AI excitement prompted a broader rally in tech shares, with Wall Street and eurozone indices hitting fresh records.
Cheap mini-EVs sparkle in China's smaller, poorer cities
Tiny electric cars weave through traffic in southern China, their cheap and cheerful designs bringing a touch of colour to the EV revolution in the country's overlooked cities. China is the world's largest market for electric vehicles (EVs), with premium models by Tesla and homegrown giant BYD a common sight in the nation's affluent megacities.
US to sanction over 500 targets involved in Russia 'war machine'
The United States plans to impose sanctions on more than 500 targets involved in Russia's war in Ukraine, as fighting continues to rage two years after Moscow's invasion, the Treasury Department said Thursday.
Swiss-Italian chocolate war set to end with sweet truce
Swiss giant Lindt said Thursday a deal may soon be reached with group of Italian artisan chocolatiers that will allow for the creation of a protected status for Turin's famed gianduiotto.
Lagos state intervenes to ease Nigeria cost of living crisis
The governor of Nigeria's Lagos state on Thursday unveiled a series of measures aimed at easing the soaring cost of living after protests broke out.
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