Namibia warns Trump spat with South Africa puts economy at risk
Namibia’s currency is pegged to the South African rand, so any impact on the rand will directly affect it.
War in Congo heightens risk of infectious diseases for millions
Violence disrupts disease prevention efforts, leaving millions vulnerable to deadly infections.
Africa’s richest nation to raise $50 million for Formula 1 bid
Sports Minister Gayton McKenzie said talks with potential sponsors, such as Heineken and Red Bull among others, to help raise the capital needed to enter the bid are already underway.
British Airways owner adopts AirTags in bid to find lost luggage
The added service was made possible in November, when Apple allowed iPhone users to share the location of their AirTags.
De Beers capitulates on diamond strategy with big price cuts
De Beers has cut diamond prices by more than 10% across the board.
Abu Dhabi works with Microsoft on AI push in energy industry
Abu Dhabi National Oil will for the first time use agentic AI - developed by AIQ in collaboration with Microsoft and G42 - to analyse massive amounts of data.
South Africa seeks billions in climate funds as it keeps coal plants open
South Africa pledged to slash emissions across its fleet of coal-fired power plants in a bid to secure $2. 6 billion (R460bn) in climate finance.
Abu Dhabi has officially acquired a minority stake in Sotheby’s
Together with ADQ’s investment, the cash infusion into the business totals approximately $1 billion (R17. 7bn).
Anglo American is considering more diamond production cuts
The company announced plans to exit De Beers earlier this year as part of a successful rebuttal of a $49 billion approach from BHP Group, the world’s biggest miner.
Unilever sales growth accelerates under CEO’s overhaul plan
The performance is “testament to the extent to which Unilever has been rehabilitated,” RBC analyst James Edwardes Jones said in a note.
How Starbucks is future-proofing your morning brew against climate change
Starbucks is buying two new research farms that will test everything from drones to microbes as it seeks to make coffee more resilient to climate change.
Tupperware Brands plans to file for bankruptcy
The bankruptcy preparations follow protracted negotiations between Tupperware and its lenders over how to manage more than $700 million (R12 billion) in debt.
Trump’s dominant dollar idea risks backfiring, Commerzbank warns
Trump has threatened to impose 100% tariffs on countries that shun the dollar.
Apple looks to revive sluggish wearables unit with new devices
For the first time since the end of 2022, the company will unveil major changes to the Apple Watch and AirPods earbuds.
Harley-Davidson drops diversity efforts after attacks by anti-DEI activist
The company said it would no longer participate in an annual rating of LGBTQ acceptance conducted by the Human Rights Campaign. It would also reorganise employee resource groups to focus solely on business development, mentoring and training.
Nestlé to focus on food sales again after CEO’s experimental bets
Nestlé, the maker of DiGiorno pizzas and Purina pet food, has replaced CEO Mark Schneider with Laurent Freixe, shifting from an outsider who previously ran a health-care company to an insider who’s climbed the Swiss company’s executive ranks.
Instant coffee affinity takes robusta beans from stepchild to favourite
Robusta is likely to keep gaining market share because the variety is more tolerant to heat and disease than arabica - though both beans still face significant climate risks.
CEOs embrace selfie videos to talk up earnings and prove they’re not robots
CEOs embrace selfie videos to talk up earnings and prove they’re not robots
Starbucks’ new CEO gets bigger mandate as Schultz’s control ebbs
The stock has gained 21% since the company announced Niccol would become CEO.
BP slumps to two-year low as investors spurn green shift
Even as the world moves to low-carbon power sources to combat climate change, BP’s profits overwhelmingly depend on a still-growing market for fossil fuels, helping to fund the company’s dividend payouts and share buybacks.
Ford pulls back further from EVs with $1. 9 billion SUV pivot
The CEO is now betting Ford can deliver EVs that are priced on par with traditional vehicles, including a battery-powered midsize pickup truck due to debut in 2027, and turn a profit on these models within a year after they launch.
Record heat is testing Kraft Heinz’s efforts to climate-proof its ketchup
The company won’t divulge specifics on its research and development spending, but says it has poured millions of dollars into HeinzSeed research over just the past five years, developing varieties that can survive hotter, dryer growing seasons in California’s Merced County.
South Africa infrastructure spending plans soar as energy woes ease
The impact of the pickup in capital expenditure plans in 2024 will probably materialise in 2025, Nedbank said.
Airbnb shares head toward record drop on weak outlook, bookings
Bookings rose 8. 7% in the second quarter to 125. 1 million, falling well below analysts’ estimates.
A ‘Textbook Turnaround Tuesday’ doesn’t mean meltdown is over
Investor psychology during a rout tends to begin with jitters on Thursday, hedging on Friday, and all-out selling on Monday, according to Brent Donnelly.