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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How the Israel-Iran war is hitting South Africans in the pocket
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South African salary earners battle rising costs despite small pay increase in June
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South Africa secures R25 billion World Bank loan to boost infrastructure and create jobs
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Car giants vie for EV crown at Beijing's Auto China show
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Sticky UK inflation stokes Bank of England rate-cut debate
British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut. "The ingredients remain in place... to start cutting interest rates in the next few months," added Beck.
German auto supplier Continental says to cut 7,150 jobs
German auto supplier Continental said Wednesday it would cut some 7,150 posts worldwide by 2025 as the difficult switch to electric vehicles forces companies in the sector to retool. Germany's auto suppliers have been facing problems as the transition to electric mobility gathers pace, after decades relying on fossil fuel vehicles for their profits.
World demand for liquefied natural gas jumps 50% by 2040: Shell
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.
'Working is duty': French PM tells rail workers ahead of holiday strike
French Prime Minister Gabriel Attal on Wednesday warned train controllers against disrupting travel during school holidays as ticket inspectors geared up to strike this weekend. "The French know that going on strike is a right," Attal said, while adding pointedly that "working is a duty".
Body Shop's UK business slides into administration
The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk.
Sony hikes profit forecast but says PS5 sales to slow
Japan's Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit's sales target, with the flagship console currently in its fourth year on the market. The conglomerate now predicts a full-year net profit of 920 billion yen ($6.1 billion) instead of its previous target of 880 billion yen.
Turkey under pressure to shut down gold mine after landlside
Calls grew in Turkey on Wednesday to shut down a controversial gold mine as hopes dimmed of rescuing nine workers trapped by a massive landslide that rolled over their open pit. Environmental advocates and local officials sought to shut down the open pit mine after a 2022 cyanide leak caused by a burst pipe.
UK inflation holds at 4.0 percent in January: data
Britain's annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday. Analysts said Wednesday's data showed that the central bank could decide to cut its main interest rate from 5.25 percent in the coming months.
Most of Asia tracks Wall St down as US data dents rate cut hopes
Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut. In that case, it's unlikely that the Federal Reserve will cut interest rates in May."
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