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Economy
Germany, Morocco agree alliance to support green hydrogen production, exports
Date:Jun 28, 2024
Germany has agreed to form a climate and energy alliance with Morocco to support renewable energy expansion and hydrogen production in the north African country, the development ministry said on Friday.
Nike sinks as gloomy sales forecast fans growth concerns
Date:Jun 28, 2024
Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.
Kenya's tax-bill turmoil complicates IMF cash, could boost borrowing costs
Date:Jun 28, 2024
The violent unrest that forced Kenya's President to withdraw support for a finance bill has left the country's efforts to meet International Monetary Fund targets in doubt and could make borrowing most costly, investors and analysts said.
Meta must face lawsuit claiming it prefers foreign workers over US citizens
Date:Jun 27, 2024
A United States (US) appeals court on Thursday revived a software engineer's proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs to foreign workers who are paid lower wages.
SA Trade, Industry Ministry needs business minded person: Analyst
Date:Jun 27, 2024
Political Economist Dr Lumkile Mondi has raised concerns about who will head the South African Trade, Industry and Competition Portfolio.
Rand rallies on GNU agreement on cabinet posts
Date:Jun 28, 2024
The South African Rand rallied on Friday on optimism that the Democratic Alliance (DA) and African National Congress (ANC) would reach an agreement over cabinet positions, a day after local media reported a major disagreement between the parties.
Microsoft, OpenAI partnership, Google, Samsung's AI deal in EU crosshairs
Date:Jun 28, 2024
European Union (EU) antitrust regulators will seek additional third-party views on the partnership between Microsoft and OpenAI and Google's artificial intelligence deal with Samsung, EU competition chief Margrethe Vestager said on Friday.
Rand gains as cabinet announcement wait drags on
Date:Jun 28, 2024
The South African rand clawed back some losses in early trade on Friday, as the wait for the announcement of President Cyril Ramaphosa's unity government cabinet drags on.
Indaba to look at recent progress in energy action plan
Date:Jun 27, 2024
The National Energy Crisis Committee (NECOM) says efforts to address South Africa's electricity supply issues will be discussed at the Energy Indaba hosted in Nelson Mandela Bay today.
Oil steady as US demand flags but Middle East risk mounts
Date:Jun 27, 2024
Oil prices were largely steady on Thursday as a surprise build in United States (US) stockpiles fuelled fears about slow demand from the world's top oil consumer and countered supply concerns stoked by escalating conflict in the Middle East.
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