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US Fed to balance banking woes, inflation in next rate decision
US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.
How AI could upend the world even more than electricity or the internet
The rise of artificial general intelligence -- now seen as inevitable in Silicon Valley -- will bring change that is "orders of magnitude" greater than anything the world has yet seen, observers say.
UBS and Credit Suisse: similar Swiss banks with differing fortunes
UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar. Investment banking represents 25.2 percent of UBS's turnover, compared to nearly 20.6 percent at Credit Suisse, with the pair running many similar activities such as mergers and acquisitions advice.
UBS in talks to save Credit Suisse
Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week, several media reported Saturday.
Lerato Kganyago vs Musa Khawula: Mzansi weighs in on popular DJ's viral video blasting Musa Khawula
Lerato Kganyago caused a stir online when she responded to Musa Khawula's rants and allegations about her. The star called Khawula out and told him to face her
Inside Andile Mpisane's lavish birthday, from allegedly buying R4M Mercedes-Maybach S-Class to Royal AM cake
Andile Mpisane celebrated his just-ended birthday in style. The soccer star reportedly gifted himself a brand new R4M Mercedes-Maybach S-Class and a lovely cake
Impressive 103-year-old goes to gym up to 4 times a week, works out in makeup
A strong and fit 103-year-old lady has many people wowed. The woman attends the gym up to four times a week with her hair done, makeup on point, and dressed up.
Sophie Ndaba's ex-husband Max Lichaba quits chesa nyama business to become a pastor, SA impressed
Sophie Ndaba's ex Max Lichaba has chosen to pursue his pastoral calling and thus will be leaving the kwa Lichaba restaurant business that's located in Soweto.
Latin finance ministers meet in Panama under shadow of US bank crisis
Top financial officials from Latin American and Caribbean countries are meeting Saturday in an annual conclave of the Inter-American Development Bank (IDB), after a week overshadowed by the banking crisis in the United States and Europe.
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