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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Gaza, Ukraine loom large as G20 foreign ministers meet
Foreign ministers of the G20 group of nations open a two-day meeting Wednesday in Brazil, with a bleak outlook for progress on a thorny agenda of conflicts and crises, from the Gaza and Ukraine wars to growing polarization. The outlook is similarly grim on Russia's war in Ukraine, which also has G20 members divided.
Germany cuts 2024 growth forecast as economic woes pile up
The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds. "The German economy is still in difficult waters," Hebestreit told reporters.
Food watchdog lodges complaint over Nestle mineral water 'fraud'
Consumer watchdog Foodwatch said it was filing a legal complaint Wednesday against food giant Nestle and another group over them allegedly fraudulently treating water for their top mineral water brands. Foodwatch said it was lodging its complaint with a Paris court against Nestle Waters, behind brands such as Perrier and Vittel, and the Sources Alma group, which also owns several water labels.
France seeks to placate farmers as protests flare up again
France's Prime Minister Gabriel Attal sought to head off fresh farmers' protests Wednesday, as they resumed direct action including dumping produce and blocking roads in pursuit of their demands. In some of the angriest protests in Europe, French farmers were out in force for more than a week in January, using tractors to block key roads into Paris and other major highways nationwide.
'You can't imagine the damage': Dam threatens historic Laos town
A short boat ride upstream from the ancient Laotian royal capital of Luang Prabang, a massive dam is under construction that critics say threatens the riverside town's allure and heritage status. But Anda Yangsenexay, deputy head of Luang Prabang World Heritage Management Division, insisted there was no issue with the construction of the hydro dam.
Milan Fashion Week fires up catwalks despite cautious outlook
The fashion set moves to Italy Wednesday for Milan Fashion Week, marked by a new designer at Moschino but held amid an uncertain outlook for luxury. But they come amid a backdrop of uncertainty in the global luxury fashion market.
HSBC reports 'record profit' of $30.3 bn in 2023
HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The bank also said Wednesday that it would initiate a share buyback of up to $2 billion, following the announcement last year of three share buybacks totalling $7 billion.
Indian farmers resume Delhi protest push after talks fail
Thousands of Indian farmers riding tractors prepared to resume their push towards New Delhi on Wednesday after failing to reach a deal with the government on their demands for higher crop prices. Thousands of Indian farmers die by suicide every year because of poverty, debt and crops affected by ever-more erratic weather patterns caused by climate change.
German economy buffeted by 'perfect storm'
Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course. The German economy, Europe's largest and traditionally a driver of eurozone growth, is being buffeted by "a perfect storm", Economy Minister Robert Habeck said earlier this month.
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