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Loadshedding woes: Foschini Group loses 99k trading hours due to continued power cuts
A fashion retailer, the Foschini Group, was not spared from the devastating effects of loadshedding and lost 99,000 trading hours over the past three months.
28 dead in Bangladesh cyclone, millions without power
Bangladesh rescue workers found the bodies of four missing crew of a dredger boat, taking the death toll from Cyclone Sitrang to 28 as millions remained without power, officials said Wednesday. Fire department divers found the bodies of four crew of a dredger boat that sank during the storm in the Bay of Bengal.
SABC says Zahara lacks understanding of her brand, public broadcaster threatens to stop production of 'Loliwe' singer's reality show
The SABC and Zahara are rumoured to be at odds following the 'Loliwe' singer's failure to pitch on the set of the reality show they are currently working on.
Deutsche Bank net profit soars five-fold in Q3
Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit. Deutsche Bank launched a restructuring programme in July 2019, which saw the size of the investment banking division reduced, with the loss of thousands of jobs.
South Africa fear bad luck 'following us' at World Cup
South African fast bowler Lungi Ngidi fears "bad luck is following us" at the Twenty20 World Cup with more rain forecast for their clash against Bangladesh on Thursday in Sydney. "Tomorrow another forecast of rain -- I think we've just got a bit of bad luck following us.
Santander's net profit climbs to 2.4 bn euros in Q3
Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the third quarter. Ana Botin, the executive chair of Banco Santander, said the group had delivered a "strong quarter with revenues increasing and profitability remaining above target... supported by our rock-solid balance sheet".
Greeks turn to firewood to heat homes amid energy crisis
Residents of the Athens suburb of Glyfada who are struggling to heat their homes as energy prices soar now have an option -- free firewood from the local council. So the council has stepped in to help with free firewood.
China fiscal deficit balloons to nearly $1 trillion as economy cools
China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers. China's economy grew 3.9 percent year-on-year in the third quarter, data showed this week, beating expectations.
N. Korea nuclear test would meet 'unprecedented' response: US, Japan, S. Korea
The United States, Japan and South Korea warned Wednesday that a North Korean nuclear test would warrant an "unprecedentedly strong response", vowing unity after a blitz of missile launches from the hermit state. "The three countries agreed on the need for an unprecedentedly strong response if North Korea proceeds with its seventh nuclear test," he told reporters.
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