A report reveals R100 in 2000 is now worth R385 in 2026, with food prices soaring over 500%, driven by fuel costs and inflation impacting South African households.
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Argentina's Milei faces 2nd general strike in 5 months
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Asian stocks lower after Wall Street losses
Asian markets were mostly down Wednesday, tracking US losses as investors await a key tech earnings report and Fed policy meeting minutes later in the day. "While one company doesn't usually make or break a market, the growing influence of Nvidia on the overall bullish stock narrative, key tech companies, and broader indexes warrants close attention."
Youth appetite for gold rises as Chinese economy loses lustre
The sound of gentle tapping filled a jewellery workshop in southern China as a craftsman hammered pine leaf patterns onto a soft slab of gold in the style of old ink paintings. "In the past, only the older generation would buy gold jewellery," Tan Ruikun, master craftsman with legacy jewellery giant Chow Tai Fook, told AFP on a recent visit to the workshop in Guangdong province.
What to know about the NASA-funded commercial Moon fleet
The year 2024 promises to be a busy one for American Moon landings, all under a new partnership between NASA and the space industry. The approach is completely different from that used during the Apollo era, when NASA dictated its industrial contracts down to the last bolt.
Commercial spaceship set for lunar touchdown, in test for US industry
A company from Texas is poised to attempt a feat that until now has only been accomplished by a handful of national space agencies, but could soon become commonplace for the private sector: landing on the Moon.
Russia, Venezuela to boost cooperation in energy, including nuclear
Anti-American allies Russia and Venezuela vowed to boost cooperation in oil and gas production and the "peaceful use of nuclear energy" at a meeting of foreign ministers in Caracas Tuesday.
Capital One's takeover of Discover reshuffles US credit card sector
Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape.
Dutch court upholds $50-bn payment award in Yukos case
A Dutch court quashed an appeal by Russia in a record $50-billion case Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos. Russia took the decision to the Dutch courts, with Supreme Court judges eventually in 2021 shunting the case back to a lower ranking appeals court on procedural grounds, for another round of hearings.
The Body Shop to shut nearly half of UK shops
The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday. The Body Shop employs about 1,500 people across its UK stores but the administrators did not specify how many positions would be lost.
Young creators face cost dilemma at London Fashion Week
To show or not to show at London Fashion Week? The programme provides also a venue to showcase at London Fashion Week, which could be for example at a hotel close to the main setting.
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