Oil rose as Iran said it wouldn’t soften its conditions to reopen the Strait of Hormuz after President Donald Trump rejected its proposal to do so, dashing hopes of a speedy resumption of traffic through the crucial waterway. Brent advanced to around $107 a barrel, while West Texas Intermediate climbed above $94. Tehran’s conditions are…
Rising fuel costs triggered by the Iran war are pushing up Heineken NV’s brewing costs in Asia, according to Asia-Pacific President Jacco van der Linden. “We see that coming through…
Apple has been ordered to pay $5.7bn (£4.3bn) in damages after a US jury found it had used another firm’s tech without permission. Audio firm Taction Technology claimed in 2021…
Bitcoin continued to lose momentum on Monday, cooling after a blistering rally in recent weeks, as a fresh bout of macro uncertainty weighed on risk assets. The original cryptocurrency fell…
JSE-listed pharmacy and beauty group Clicks Group Limited has expanded its presence in South Africa’s high-end personal care market after taking majority control of specialist beauty retailer ARC Store for…
ZIMBABWEAN financial advisory, Bard Santner Inc, which specialises in asset management, corporate finance, wealth management and remittances, is handling the historic US$1.6 billion Initial Public Offering (IPO) for the Dangote…
EMIRATES and South African Airways (SAA) today announced an expansion of their codeshare partnership, enabling access to nine cities and establishing the start of a reciprocal codeshare agreement between both…
By Ntando Thukwana, Bloomberg A multibillion-dollar cross-border payments platform serving southern Africa plans to expand beyond the South African rand and Angolan kwanza, widening the range of currencies it supports…
By Monique Vanek, Bloomberg African policymakers are set to keep interest rates higher for longer as renewed hostilities between the US and Iran fan fresh inflation fears, especially in countries…
WEST African nations have taken a major step toward one of the continent’s most ambitious energy projects after Economic Community of West African States (ECOWAS) member states signed the Intergovernmental…
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