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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Made-in-China airliner seeks buyers at Singapore Airshow
China's first domestically produced passenger jet was presented at Asia's biggest airshow, which opened in Singapore on Tuesday, as Beijing seeks to woo international buyers. Although the airshow is a good opportunity for Beijing to show off the C919, finding a big-name buyer will be hard, said aviation analyst Shukor Yusof of Singapore-based consultancy Endau Analytics.
Capital One to buy Discover for $35.3 bn
US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms. Discover is among the United States' major credit card networks, but is smaller than the top three: Visa, Mastercard and American Express.
China central bank cuts benchmark lending rate to boost economy
China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. But that, and recent announcements including central bank interest rate cuts and measures to boost lending, have had little impact so far.
Made-in-China airliner shown overseas at Singapore Airshow
China's first domestically produced passenger jet will be presented to potential buyers in an international debut at Asia's biggest airshow, which opens in Singapore on Tuesday. But while Boeing will be present at the airshow, it is not presenting any physical commercial aircraft, unlike in previous years.
Ecuador backtracks on plan to send weapons to Ukraine
Ecuador's foreign minister said Monday the country did not plan to send Soviet-era weapons to Ukraine after the president's vow to do so sparked a spat with Moscow over banana and flower exports. On Friday Ecuador's Trade Minister Sonsoles Garcia said on X that the Russian embargo on five banana exporting companies had been lifted.
Italy takes over troubled steel mill
Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation. ArcelorMittal owns a 62 percent stake in the Taranto steel mill and the Italian state the remaining 38 percent.
France 'probably' missed 2023 deficit target: source
France likely overshot its budget deficit target in 2023, a finance ministry official said on Monday. The cuts would help the government meet its deficit target for this year of 4.4 percent of GDP, Le Maire told reporters Monday.
Eiffel Tower closes as staff go on strike
The Eiffel Tower, one of the world's top tourist attractions, was closed Monday after staff went on strike, unions told AFP. The strike, which was called to protest over the way the monument is managed financially, could be extended, they said. The stoppage is the second strike at the Eiffel Tower within two months for the same reason.
China new year holiday spending surges past pre-pandemic levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
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