Economy

Japan to sign massive trade deal as US puts up barriers

The European Union (EU)'s top officials arrive in Japan Tuesday to sign the single market's biggest trade deal ever and present a united front as Washington upends the international trade order.

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EU urges VW to do more when repairing vehicles

German auto giant, Volkswagen, has fixed millions of cars found with emissions cheating software since a 2015 scandal, but must do more to satisfy consumers, the European Union (EU) said Monday.

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Automobile Association warns of another hefty fuel price hike in SA

The Automobile Association (AA) has warned that yet another hefty fuel price hike is on the cards in August.

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China willing to invest in Nigerian oil operations

China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

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Kenya Power's head charged over economic crime

Kenya Power's chief executive was charged in court on Monday for conspiring to commit an economic crime and abuse of office, the latest high-profile figure to be prosecuted in the country's corruption crackdown.

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Most Asian markets down as oil slump hits energy firms

Energy firms led a sell-off in most Asian equity markets on Tuesday a day after supply fears sent oil prices plunging, while confidence remains fragile owing to ongoing fears of a global trade war.

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Mining operations suspended at Palabora Mining Company

Mining operations have ceased at the Palabora Mining Company in Limpopo, South Africa.

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SA Reserve Bank to keep repo rate unchanged

Economists expect the South African Reserve Bank to keep the repo rate unchanged at 6.5% this week.

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UAE pledges investment in SA

The United Arab Emirates (UAE) has pledged to invest $10 billion in South Africa’s economy, including the tourism and mining sectors, the South African presidency said on Saturday.

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Palm oil sustainability group reinstates Nestle membership

NestlĂ©’s membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog.

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