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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Consumer price inflation increases to 4%, the highest in 20 years
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Iraq no-frills carrier says no grounds for US sanctions
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Thailand orders close watch on cheap 'elephant pant' imports
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Dr. Kenneth Creamer discusses the Supreme Court’s ruling on South African exports
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French delicatessen Fauchon bought by Breton biscuit firm
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Dire Straits legend's guitars garner six-figure sales
Several guitars put up for sale by Mark Knopfler, the former frontman of British rock group Dire Straits, on Wednesday fetched hundreds of thousands of pounds each at auction. The sales figures pale in comparison to some previous sales of legendary rock guitars.
Biogen pulls controversial Alzheimer's drug Aduhelm
A controversial Alzheimer's drug that was trumpeted as the first to ever treat the cognitive decline associated with the devastating brain disorder has been pulled from the market, its maker Biogen announced Wednesday. It showed a reduction in cognitive decline in one of the studies, but not the other.
UK opposition Labour courts business before election
With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy. UK business remains hampered by high inflation and stagnant growth.
Waiting out Bukele's 'Bitcoin City' on a Salvadoran beach
When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador. - 'It cannot be stopped' - Bukele had promised the issuing of $1 billion in bitcoin bonds, partly to finance his city.
EU to shield farmers threatened by Ukraine farm imports
With farmers venting their anger across Europe, Brussels moved Wednesday to address two of their core grievances: creating "safeguards" to stop cheaper Ukrainian imports from flooding the market, and easing highly contested rules on leaving land unused.
Boeing results top estimates as it commits to improve quality control
Boeing reported a smaller than expected loss Wednesday, while pledging to take "comprehensive" actions to bolster quality control after a near-catastrophic 737 MAX flight earlier this month. The aviation giant reported a $23 million loss in the fourth-quarter, which was smaller than expected.
US private sector job gains slow more than expected in January
Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation. The United States added 107,000 jobs in the private sector this month, ADP said, slowing from a revised 158,000 in December.
Macron calls in Sweden for a less regulated Europe
French President Emmanuel Macron said Wednesday that Europe needed a "smarter" and less regulated industrial and energy policies. "We need a smarter European industrial policy," he said.
Weight-loss drug maker Novo Nordisk's profit surges as sales boom
Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by blockbuster sales of diabetes and obesity treatments that helped it become Europe's most valuable company.
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