By Monique Vanek, Bloomberg A World Bank initiative to provide electricity to 300 million Africans by 2030 has reached …
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 that are net fuel …
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By Tom Maloney, Bloomberg In a post on the social media platform he owns, Elon Musk recently lamented: “Whoever …
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International News
Trump insists Iran deal is close after scrapping new strikes
by Staff Writerby Staff WriterBy Catherine Lucey, Bloomberg President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came …
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International News
Gold slumps below $4 200 as renewed US-Iran clashes test truce
by Staff Writerby Staff WriterBy Yihui Xie, Bloomberg Gold extended a decline after the US launched strikes against Iran in retaliation for the …
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International News
South Africa’s GDP beats forecasts despite war hit
by Staff Writerby Staff WriterBy Ntando Thukwana and Bonolo Mokonoto, Bloomberg South Africa’s economy expanded slightly more than expected in the first quarter …
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International News
IMF chief warns world isn’t ready for shocks that are piling up
by Staff Writerby Staff WriterBy Jorgelina do Rosario and Francine Lacqua, Bloomberg International Monetary Fund Managing Director Kristalina Georgieva said that after facing …
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By Saritha Rai, Bloomberg Employees across industries continue to adopt AI tools at a rapid rate, yet the technology’s …
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International News
South Africa secures first Fitch rating upgrade since 2005
by Staff Writerby Staff WriterBy Liesl Peyper and Suren Naidoo South Africa received its first credit-rating upgrade from Fitch Ratings in almost 21 …
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International News
Rand swings from carry loser to winner as bond inflows surge
by Staff Writerby Staff WriterBy Mpho Hlakudi, Bloomberg South Africa’s rand is back near the top of the carry-trade table after languishing close …
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International News
EU risks losing more than 1m jobs over global pressures
by Staff Writerby Staff WriterBy Jorge Valero, Bloomberg The European Union is at risk of losing more than 1 million jobs this year …
