South Africa ranked 54th in the 2026 IMD World Competitiveness Ranking, moving up 10 places and overtaking Kenya to become the most competitive economy in Africa
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Did central banks break inflation? Some economists have doubts
Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?
Passengers snub 'expensive' London-Paris Eurostar train for plane
Many travellers are opting to take a plane rather than train between London and Paris despite climate concerns and the Eurostar rail service connecting the two capitals in just over two hours. Despite evidence of passengers choosing to fly for cost reasons, Eurostar said some seven million people still used its service between London and Paris last year.
Asian markets mostly up, Hong Kong boosted by Alibaba rally
Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities. Other Hong Kong-listed tech firms rallied, including Tencent, JD.com and Netease.
Argentines down tools in first major challenge to budget-slashing Milei
Argentine President Javier Milei faces the first major challenge to his budget-slashing policies Wednesday as workers are expected to down tools in their thousands and take to the streets in protest. Milei took office in December after a campaign vowing to slash public spending.
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The company's chief executive Ben Minicucci told NBC News Tuesday that an in-house inspection of its Boeing 737 Max 9 fleet carried out after the incident had found that "many" of these aircraft had loose bolts.
LA Times slashes a fifth of its newsroom jobs
The Los Angeles Times announced Tuesday it is laying off more than a fifth of its journalists, as yet another once-storied US paper fell victim to the disruptions of the internet age. Unionized journalists at the Times walked off the job last week when reports first emerged that managers were considering drastic cuts.
Conde Nast staff stage walkout against layoffs
Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. The union urged people not to cross the digital picket line by refraining from visiting Conde Nast sites, which also include GQ, Bon Appetit, Glamour, Architectural Digest and Teen Vogue.
EU probes Lufthansa's proposed buy of ITA stake
The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition. The deal provided the German company various options to increase its stake or acquire ITA Airways outright at a later date.
South Africa to export tons of chicken feet to China, citizens joke about the deal
A South African company procured a deal to export 540 tonnes of chicken feet to China. This deal could create a lot of opportunities for small-scale farmers.
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