Developed economies are taking a hit from the dollar’s appreciation to multi-decade highs in ways that were once more familiar to their emerging market peers.
Oil fell to the lowest since January on concern a global slowdown will cut demand in Europe and the US, just as China’s Covid Zero strategy hurts consumption in the world’s biggest crude importer.
Singapore won’t limit the number of applicants for its newest work permit, Minister of Manpower Tan See Leng said, as the city-state seeks to burnish its appeal to the best minds globally.
African Bank says it has launched a new loyalty programme, Audacious Rewards, with the aim to improve the financial well-being of its customers.
South Africa’s government is concerned about the impact that power outages had on the economy in the second quarter, as the nation’s statistics agency prepares to release data for the three-month period.
Johannesburg’s OR Tambo International Airport was forced to close one of its runways after dry grass caught fire and “spilled over from the adjacent community within the airport precinct,” it said via Twitter.
If semiconductor shortages, recession risks and the once-a-century shift in propulsion weren’t enough to keep auto executives up at night, here’s one more sleep disruptor: Consumers are keen to buy an Apple car before one even exists.
America’s youngest workers want to become business owners — just not in the way their parents might envision.
Barclays Plc raised nearly R10.7 billion ($620 million) from the sale of its remaining stake in South African lender Absa Group, exiting an investment it made in 2005 and marking its second retreat from the region.
Woolworths Holdings is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected.
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