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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Asian markets mixed as traders eye US data, looming Fed meeting
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US regulators authorize first bitcoin funds on public markets
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Eastern Cape has the highest unemployment rate in South Africa, netizens disappointed
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China signs landmark trading duty-free deal with South Africa
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SA businesses are turning a new leaf, according to Stats SA, Mzansi disagrees
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Eiffel Tower closed for fourth day as staff strike
France's iconic Eiffel Tower was closed for a fourth day on Thursday as employees extended a strike over the monument's management, unions said. Union representatives were to meet SETE management in the afternoon, they told AFP. Unions have also called on the city of Paris "to be reasonable with their financial demands to ensure the survival of the monument and the company operating it".
UK to quit 'outdated' fossil fuel friendly treaty
The UK will join a string of European countries in leaving a controversial energy treaty that has allowed fossil fuel giants to sue governments over their climate policies, the government said on Thursday. To do that, it allowed energy companies -- many of them using coal and other fossil fuels -- to sue governments over policies putting their investments at risk.
Financial security, not fine art, helps drive Japan stocks to record high
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. You couldn't catch one without waving a 10,000-yen note," he told AFP. The bill was worth around $70 back then and now -- although in the 1980s a greenback could buy a lot more than today.
Airbus says Vietjet to buy 20 widebody A330-900 planes
European aviation giant Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes. Vietjet signed a memorandum of understanding with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement.
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.
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