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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EU chief plunged into controversy over top job pick
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Eastern Cape has the highest unemployment rate in South Africa, netizens disappointed
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Private sector hiring in US cools more than expected: ADP
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Fly larvae: Costa Rica's sustainable protein for animal feed
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Thailand orders close watch on cheap 'elephant pant' imports
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Poland snubs border meeting with Ukraine to end farmer protests
Ukraine's prime minister went to the border with Poland on Friday hoping to end weeks of protests by Polish farmers but he said noone from the neighbouring government turned up for talks. "Unfortunately, Polish government officials did not come," said Ukrainian Prime Minister Denys Shmygal, who led a delegation to the border.
Chip giant TSMC shifts away from hotspot Taiwan with Japan plant
Taiwanese chip giant TSMC is set to open an $8.6 billion plant in Japan on Saturday as the firm moves some of its crucial hardware manufacturing away from its native base. The new plant in Japan is "the most significant TSMC international investment to open in many years", said Chris Miller, author of "Chip War: The Fight for the World's Most Critical Technology".
German parliament votes to legalise recreational cannabis
The German parliament voted Friday to legalise the possession and controlled cultivation of cannabis starting in April, despite fierce objections from the opposition and medical associations. Until now, German law has restricted personal use of cannabis to people with certain medical conditions.
Man Utd's Ratcliffe unveils electric Ineos car
Manchester United's new co-owner Jim Ratcliffe unveiled Friday his Ineos group's latest 4x4 vehicle, which will come in two electric versions as the British billionaire criticised range limits on 'green' cars.
Tractors roll into Paris as farmers up pressure on Macron
Farmers drove their tractors into central Paris on Friday to raise the pressure on President Emmanuel Macron, who has promised them a meeting at France's coming agriculture fair bonanza to discuss their grievances. Even without the activists, Saturday's debate promised to be "red-blooded", predicted agriculture fair president Jean-Luc Poulain.
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.
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