Zimbabwe in 2024: A year of crisis, struggle, and fragile hope
Nov 17, 2024 · 2024 was a year of turmoil and survival for Zimbabwe. With inflation soaring to 1024%, a collapsed currency, and devastating droughts, the nation faced economic collapse and human rights challenges. Amidst political chaos, including the fall of opposition leader Nelson Chamisa and the arrest of ...
FT: Musk, Thiel and the shadow of apartheid South Africa
Sep 20, 2024 · The FT’s Simon Kuper highlights the striking parallels between apartheid-era South Africa and modern-day US politics, particularly through figures like Elon Musk, Peter Thiel, and David Sacks, all of whom spent formative years in southern Africa.
Alphabet’s Q3 earnings surge on cloud growth and AI ... - BizNews
Oct 30, 2024 · The Other Bets division remains unprofitable, losing $1.1 billion in the quarter, but Alphabet has been working to narrow those losses. Ruth Porat, Alphabet’s former longtime CFO who famously instilled a greater spirit of fiscal discipline in the company, recently transitioned into a new role as president and chief investment officer.
The Economist: Why Microsoft’s Excel won’t die - BizNews
Oct 16, 2024 · Microsoft Excel, the go-to tool for financial analysts and consultants, turns 40 this month. Known for its versatility in everything from pricing assets to analyzing company data, it has remained a staple despite the rise of competitors like Google Sheets.
MINI BUDGET – Finmin Enoch Godongwana’s full speech - BizNews
Oct 30, 2024 · South Africa’s minister of finance, Enoch Godongwana, delivered the Medium Term Budget Policy Statement in Parliament today, updating the State’s spending priorities over the next three years.
Banxso hit by triple blow from the FSCA, the FIC & the NPA
Oct 16, 2024 · Banxso, the online trading platform, faces a triple blow as the FSCA has provisionally withdrawn its license, the FIC has placed seven bank accounts on hold, and the NDPP has placed a preservation order on its funds amid an ongoing investigation into deep fake ads and investor losses.
BHI Ponzi – Haldane debarred for 30 years by the FSCA - BizNews
Sep 29, 2024 · Investment advisor Haldane - a central figure in the BHI scheme - has been debarred from rendering financial services for 30 years.
Volkswagen to close factories, cut wages as auto crisis deepens
Oct 29, 2024 · Volkswagen faces an unprecedented crisis, planning factory closures, job cuts, and wage reductions to stabilize operations. Europe’s largest automaker proposes a 10% wage cut for around 140,000 German workers, fueling unrest.
The Economist: Chinese overcapacity is crushing the ... - BizNews
Sep 18, 2024 · The Economist. Fixing the problem is not easy ___STEADY_PAYWALL___. Each year China makes as much steel as the rest of the world combined. The vast scale of its output—around 1bn tonnes a year—is obscured by the fact that most of it stays in the country.
The Economist: Why half of America will vote for Donald Trump
Nov 4, 2024 · Donald Trump’s enduring appeal among American voters is a complex phenomenon that defies simple explanations. The Economist explores three key explanations for Trump’s strength: the unique political landscape of the U.S., the economic context favouring anti-incumbent sentiment, and a cultural divide that sees working-class voters aligning with him against an elite establishment.