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Amazon faces UK lawsuits worth up to $5.4 billion from retailers, consumers

Amazon faces two mass lawsuits from retailers and consumers worth up to 4 billion Pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed

New SA Bureau of Standards Chairperson commits to turning around the embattled SOE

The newly appointed Chairperson of the South African Bureau of Standards (SABS), Professor Bismark Tyobeka, has committed to turning around the situation at the embattled state-owned entity.

Kumba’s iron ore sales up 3% on better rail and port services

South Africa’s (SA) Kumba Iron Ore’s mineral sales rose 3% during the first half of the year, helping to offset inflation-related cost increases, following an improvement in rail freight and port operations, it said this Thursday.

Greece invites Libya to maritime zone talks to ease strained ties

Greece has invited Libya’s internationally recognised government in Tripoli to start talks on demarcating exclusive economic zones in the Mediterranean Sea, Prime Minister Kyriakos Mitsotakis said this week.

TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas

SA touted as new market as Trump’s tariffs threaten champagne sales

South Africa (SA) has emerged as one of the key alternative markets for French champagne producers.

African Diaries

FINANCE

FINANCE

Amazon faces UK lawsuits worth up to $5.4 billion from retailers, consumers

New SA Bureau of Standards Chairperson commits to turning around the embattled SOE

Kumba’s iron ore sales up 3% on better rail and port services

Greece invites Libya to maritime zone talks to ease strained ties

TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

SA touted as new market as Trump’s tariffs threaten champagne sales

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