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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Bank of Japan maintains ultra-loose policies
The Bank of Japan maintained its signature monetary easing measures on Tuesday, as speculation grows of a shift away from its ultra-loose stance. "The bank will patiently continue with monetary easing while nimbly responding to developments in economic activity and prices as well as financial conditions."
Xi's corruption crackdown targets embattled finance sector
Xi Jinping's crackdown on official corruption has ripped through a secretive missile force, the Communist Party elite, the national football team, and now risks hammering a finance industry already grappling with an economic slowdown. He said Xi was targeting a series of critical industries to cushion the impact of foreign sanctions and wrest the economy fully under party control.
Hong Kong leads Asian market rally on China support hopes
Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.
EU under pressure to defuse farmers' anger
EU agriculture ministers will discuss on Tuesday how to resolve European farmers' growing discontent as Brussels scrambles to address the issue ahead of elections this year. - Ignored warnings - Farmers' discontent has been a growing concern in the European Parliament.
Will sanctions easing reboot Venezuela's oil industry?
On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.
FAA recommends inspections for more Boeing models
The US Federal Aviation Administration has recommended that airlines inspect door plugs on Boeing 737-900ER jets after a blowout on another type of aircraft with a similar mid-cabin exit earlier this month.
French farmers meet with PM after threatening more protests
France's powerful farming unions on Monday met with Prime Minister Gabriel Attal after threatening the government with a week or more of protest action if their demands were not met. The unions have demanded concrete government action to address their grievances, which they say include excessive financial charges and environmental protection rules as well as insufficient prices for their produce.
Imane Ayissi brings African tradition to Paris couture
Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill battle as a pioneer African couturier at Paris Fashion Week. But he admits it is tough to survive as an independent designer, especially since he joined Paris Fashion Week just as the Covid-19 pandemic struck.
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