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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Deal signed to export DR Congo copper via US-backed corridor
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Markets fall on dimming rate cut hopes, China's torpid growth
Asian markets fell further Wednesday as hopes for an early interest rate cut by key central banks faded and data confirmed China's economy last year grew at its slowest pace in more than three decades. European markets were also down after hopes for a eurozone cut were dealt a blow by central bankers this week.
China sees one of its worst years of growth since 1990 as recovery stalls
China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
US judge blocks JetBlue-Spirit airline merger
A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares," the judge added.
US Fed 'within striking distance' of inflation target: official
The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday. "As long as inflation doesn't rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year," he continued.
Ryanair boss says reassured by Boeing on 737 MAX safety
Ryanair on Tuesday welcomed improved quality controls at US aircraft manufacturer Boeing and announced its own enhanced checks, after a major safety issue. "We have seen a marked improvement in the quality of the aircraft deliveries."
Shell sells onshore Nigeria unit, exits Niger Delta
British energy major Shell on Tuesday announced the sale of its Nigeria onshore division SPDC for up to $2.4 billion, having already flagged its exit from the troubled Niger Delta.
Nespresso 'capsule war' grinds on with Swiss lawsuit
A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from Nespresso after the failure of a company that tried to offer a more sustainable alternative to the aluminium capsules sold by the coffee-pod maker.
Missile hits cargo ship off Yemen: maritime risk company
A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by the Huthi rebels. On Sunday, US forces shot down a Huthi cruise missile targeting an American destroyer, and on Monday a US-owned cargo ship in the Gulf of Oman was hit by another rebel missile.
Paris Olympic village hit by French real estate downturn
Real estate developers building the athletes' village for this year's Paris Olympics are struggling to find buyers for their apartments once the Games have finished due to a downturn in the French property market.
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