South Africa’s auto sector faces 12 closures, 4,000 job losses as US tariffs bite
South Africa’s automotive industry is under strain as a combination of import dominance, low local content levels, and new US tariffs weighs…
Global oil supply to surge in 2025, outpacing demand: IEA report
The International Energy Agency scaled up its forecast for global oil supply in 2025, citing higher production by the Organization of the…
Dow futures soar 135 points today: 5 things to know before Wall Street opens
Dow futures ticked up in early trade Wednesday, helped by growing chatter that the Federal Reserve could cut interest rates in September….
Ethereum price target raised to $7,500 by Standard Chartered on stablecoin boom
Standard Chartered has raised its year-end 2024 price target for ether to $7,500, up from $4,000, citing rapid growth in stablecoin adoption…
Elon Musk to face OpenAI’s counterclaims in high-stakes 2026 Jury Trial
A federal court has ruled that Elon Musk must face OpenAI’s counterclaims alleging a prolonged campaign to harm the company he co-founded…
UK job market shows signs of recovery, rate cuts still possible, says ING
The UK job market is showing signs of a potential turnaround, with a recent, more modest decline in payroll employment hinting that…
Beijing imposes steep duties on Canadian canola amid trade dispute
Beijing escalated its trade dispute with Ottawa on Tuesday, announcing a preliminary anti-dumping duty on Canadian canola imports. This move marks a…
Intel stock rises after Trump meets Tan, calls him a ‘success’: why a friendship could help
Intel Corp shares rose about 3% in pre-market trading on Tuesday after US President Donald Trump confirmed he had met with company…
Dow futures tumble before July inflation data: 5 things to know before Wall Street opens
Dow futures were trading in red before the opening bell on Tuesday as the investor focus shifts to July’s consumer price index,…
Australian court rules Apple, Google app stores uncompetitive in partial win for Epic Games
An Australian federal court has ruled that Apple and Google’s smartphone app stores lack safeguards against anti-competitive behaviour, marking a partial legal…
