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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Bank of England to hold rate despite slowing inflation
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British Airways owner IAG, Air France-KLM post bumper profits
Economy Latest News
Japan's Nikkei breaks bubble-era record
Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s. Its stock market was hit by global downturns such as the burst of the dot-com bubble in the early 2000s and the 2008-2009 financial crisis.
Asian markets open higher after US tech gains
Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates. Investors were looking to the European Central Bank's minutes of its most recent meeting on eurozone monetary policy, to be released later Thursday, for clues on when it could start cutting rates.
In a doughnut in Japan, unlocking the power of the Sun
With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.
Qantas says profits down but reputation rebounding
Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic. Qantas said its net profit dropped 13.2 percent year-on-year to Aus$869 million (US$570 million) in the six months to December 31.
Boeing replaces 737 MAX chief after January mid-air scare
Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes. Clark had ascended to the role in March 2021, shortly after a 20-month grounding of the MAX program following two fatal crashes in 2018 and 2019.
US Fed divided on risk of cutting rates too soon: minutes
The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.
Bundesliga investor deal collapses after fan protests
The German Football League (DFL) on Wednesday dropped a huge cash injection deal with investors for a share of Bundesliga media revenues after widespread fan protests, a U-turn hailed by fanclubs as a "success" for supporters. Under the circumstances, the completion of the deal "cannot be guaranteed", he said, adding that the decision to drop the investor tie-up was unanimous.
Two dead, two hurt in Dutch bridge accident
At least two people died on Wednesday and two more were injured when part of a bridge under construction crashed down on workers in the Netherlands, Dutch officials said. We saw two construction workers fall down."
South Africa hikes taxes and social spending before vote
South Africa plans to hike taxes and increase spending on social grants ahead of a general election in May amid sluggish growth and high debt, the government said on Wednesday. Three decades after the end of apartheid, South Africa suffers from high levels of poverty and unemployment, which currently stands at more than 32 percent.
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