It’s hump day and rate cut day, so I tapped senior business correspondent Christine Romans to share her reporting from the briefing with Chairman Jermone Powell. Her takeaway? There seems to be no magic bullets for some of the economic issues affecting everyday people. But the Fed has to do something, so here we are….
The deadly legacy of conflicts old and new – from Gaza to Sudan and beyond – continues to kill and maim civilians on a near-daily basis, mine action workers said on Wednesday, as they appealed for greater support for their lifesaving work in the face of deep funding cuts. Speaking on the sidelines of a…
E.tv parent eMedia Holdings has reported a 20.9% year-on-year jump in interim headline earnings per share, even as a slump in television advertising sent its revenue sliding 3.2%. The results, for the six months to end-September 2025, showed surprising resilience in earnings despite one of the toughest television advertising environments South African broadcasters have faced…
Rob Godlonton has been appointed as chief executive officer of IQbusiness. Management and technology consulting firm IQbusiness has concluded its restructuring exercise, which resulted in some employees losing their jobs. As it closes the restructuring chapter, the company also announced some management changes. This sees the appointment of Rob Godlonton as chief executive officer, succeeding…
San Francisco, United States – Just weeks ago, Brandon Praileau, a pastor from Norfolk, Virginia, was speaking to families in his community about a federally funded programme that would help them install rooftop solar units in their homes. The government funds would take care of their installation costs, and once installed, lower the burden of rising…
The World Health Organization (WHO) today released new guidance for countries on ways to counter the immediate and long-term effects of sudden and severe cuts to external funding, which are disrupting the delivery of essential health services in many countries. The new guidance, called “Responding to the health financing emergency: immediate measures and longer-term shifts”,…
Bonds may be more than just a safe haven. BondBloxx ETFs’ Tony Kelly, a former Goldman Sachs Asset Management global ETF head, contends it’s where investors can also play offense due to the market backdrop. “It’s definitely getting more nuanced,” the firm’s co-founder told CNBC’s “ETF Edge” this week. “Advisors are being a bit more thoughtful…
Amazon robots used in a warehouse to pick stock. (Picture: Amazon) Amazon.com has become the latest in a list ofcompanies that will be downsizing because of artificial intelligence (AI) andautomation eliminating the need for thousands of jobs. However,as a percentage of the global workforce, the number of jobs currently beinglost to AI is minuscule. Alan…
iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology company iOCO is reducing its debt over time, having substantially trimmed its bank loans before pursuing acquisitions, with three potential deals already identified. For the first time in three years, iOCO reported strong operating cash flows with focused resource and capital allocation, while also reducing short- and…
New York – Sweeping aid cuts are dismantling the very organizations that are critical to ending violence against women and girls. The new UN Women report, At Risk and Underfunded, based on a global survey of 428 women’s rights and civil society organizations, finds that on the back of cuts by governments, more women are at risk of…
