Economy
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Economy
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
Date:May 6, 2024
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.
Kenya private sector activity steadies in April, PMI shows
Date:May 6, 2024
Kenya's private sector activity was broadly steady in April, entering slightly into expansion territory after contracting marginally a month earlier, a business survey showed this Monday.
French Prosecutors investigate Total Energies over 2021 Mozambique Attack
Date:May 5, 2024
French judicial authorities have initiated an inquiry into Total Energies, examining the company's potential culpability in the involuntary manslaughter of individuals during a violent assault on its Mozambique facilities.
Buffett lauds Apple despite trimming stake
Date:May 5, 2024
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.
Coalition government will make it difficult to address SA challenges: Moody's
Date:May 4, 2024
Rating agency Moody’s has warned that a coalition government after the election could make it difficult for the country to deal with some of the longstanding challenges.
Nigeria cuts back electricity sales to overseas customers to boost domestic supply
Date:May 6, 2024
Nigeria's electricity regulator has ordered the grid operator to cut back supplies to customers overseas to boost domestic supply.
NEDLAC urges employers to facilitate voting for workers in upcoming SA elections
Date:May 5, 2024
With the general elections approaching on May 29, the National Economic Development and Labour Council (NEDLAC) has issued a call to action for South African employers.
Foxconn reiterates Q2 revenue to grow, posts record April sales
Date:May 5, 2024
Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.
Paramount will let exclusive talks with Skydance lapse
Date:May 4, 2024
Paramount Globa will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival bid for the home of "Mission: Impossible" and "SpongeBob SquarePants".
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Date:May 4, 2024
Short-form video took centre stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalise on TikTok's political uncertainty in the United States (US) to take ad Dollars from Tiktok.
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