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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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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Goldman Sachs sues Malaysia over push to redo 1MDB settlement
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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.
Kosovo's Serbs hit by lines, limited withdrawals after currency ban
Long lines snaked around banks in northern Kosovo on Wednesday, as ethnic Serbs waited to receive salaries and pensions in limited tranches following a government regulation targeting Serbia's dinar currency.
London's iconic BT Tower sold to become hotel
British telecoms giant BT Group announced Tuesday the sale of its famous BT Tower and that the building located in the heart of London will be transformed into a hotel. "MCR Hotels... plan to preserve BT Tower as an iconic hotel, securing its place as a London landmark for the future," BT said in a statement.
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.
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