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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South African wine industry struggles amid global production decline
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How the Israel-Iran war is hitting South Africans in the pocket
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Biden admin unveils strict auto standards to speed electric shift
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Tunnel vision: subterranean London to become tourist hub?
A battle is brewing over plans to turn so-called spy tunnels beneath central London into "one of the world's most unique cultural experiences", pitting a global financier against local residents. "The vision is to transform the tunnels into one of the world's most unique cultural experiences," his newly formed company, The London Tunnels, said as it unveiled the plans last September.
France's politicians woo the country's angry farmers
France's new Prime Minister Gabriel Attal paid tribute to the country's agriculture sector this weekend, responding to the growing discontent of farm workers angry at red tape and high costs. Praising the nation's farmers, he promised to work to make life easier for them by reducing unnecessary red tape.
ArcelorMittal wants 'amicable' deal on Italy steelworks
ArcelorMittal has again offered to sell its stake in a huge Italian steelworks after Rome moved to put it under state supervision, according to a letter cited by the ANSA news agency Saturday.
Africa in debt spiral as restructuring efforts drag on
While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis.
US space company upbeat on next Moon mission despite lander's demise
The head of the American space company whose lunar lander failed this week in its mission to reach the Moon expressed optimism Friday that the next attempt would achieve its goal. Astrobotic's Peregrine lander was launched on January 8 under an experimental new partnership between US space agency NASA and private industry intended to reduce costs for American taxpayers and seed a lunar economy.
LA Times staff walk out over job cut threats
Unionized journalists at the Los Angeles Times walked off the job Friday for the first time in the paper's 142-year history, after management said it planned significant job cuts to help plug a gaping financial hole. No official number was put on the planned job cuts, but reports said it could be at least 100 journalists -- around a fifth of the newsroom.
US Fed official says 'premature' to expect rate cuts soon
The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday. The interventions from Fed officials this week appear to have changed market perceptions of when the US central bank will start loosening monetary policy, with futures traders now far less confident of a March rate cut.
Boeing 747 cargo plane makes emergency landing in Miami
An Atlas Air Boeing 747 cargo plane made an emergency return to Miami International Airport following an engine problem shortly after takeoff, the airline said -- prompting another investigation into the aviation giant.
Sports Illustrated magazine lays off staff
Staff at Sports Illustrated, the famed American sports magazine that became a fixture for athletes and fans, were laid off on Friday by publisher The Arena Group, according to the SI employees union.
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