By Catherine Lucey, Bloomberg President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came …
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 …
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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 …
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By Ntando Thukwana, Bloomberg South African central bank Governor Lesetja Kganyago promised that officials will lower the inflation rate …
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International News
Bitcoin tumbles below $70 000 for first time in two months
by Staff Writerby Staff WriterBy Suvashree Ghosh, Bloomberg Bitcoin dipped below $70 000 for the first time in almost two months as concerns …