DEVELOPING STORYDEVELOPING STORY, The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the United States. The United States Federal Reserve has said it will raise interest rates by a quarter of a percentage point as inflation, driven by soaring fuel prices amid the US-Iran war,…
SA investment firm DNI has invested more than R2.1 billion across the country’s digital economy. (Image: istockphoto.com) DNI, a privately owned South African investment company, has announced investments exceeding R2.1 billion across connectivity, digital services and fintech. The investment spans Frogfoot, Vox and Hypa, Mission Mobile and KnowRoaming, adding complementary capabilities in fibre infrastructure, device…
RSAWEB Business helps SMEs stay connected, productive and protected. Small and medium-sized businesses (SMEs) are the backbone of the South African economy. They create jobs, serve communities and keep industries moving, often with remarkably small teams. For a business owner, the priorities are straightforward. They want to win customers, make sales, all while delivering a…
Four years ago, I stood at the foothills of Rwanda’s Volcanoes National Park and gave a mountain gorilla her name. She was born on 13 September 2021, to Igitangaza, of the Mutobo family. I called her Indatezuka — the resilient one. I want to be precise about what that means. In much of Africa, naming…
C. K. E. Those aren’t initials or Greek life letters. They’re some of the terms that economists, corporate leaders and politicians are using as they attempt to define the U.S. current economic moment. Ever since the recovery from the pandemic, a consensus among economists has viewed the economy as acting in a “K”-shape, displaying an…
THE United States (US) government has launched a year-long “IP for Growth” (Intellectual Property for Growth) programme aimed at helping African creators, particularly those in the music industry, turn creativity into economic growth through stronger intellectual property (IP) protection. Speaking during a digital press briefing hosted by the US Department of State’s Africa Regional Media…
A former adviser to Iran’s central bank pushed back against U.S. President Donald Trump’s claim that the country is on the brink of economic collapse, but warned that the United Arab Emirates’ decision to sever trade ties could deepen Iran’s contraction to about 5% this year. “We should be a little bit cautious about the…
Amid trade embargoes, asset freezes and attacks on ships as part of a naval blockade, Washington has announced a plan to enact a new wave of restrictions on Iran, targeting its economy. Treasury Secretary Scott Bessent said last Thursday that the United States was planning to inflict more economic damage on Tehran as early as…
BEIJING, CHINA – 2026/07/18: Shoppers stroll along a landscaped path near the POLÈNE luxury goods store in Sanlitun, carrying bags and enjoying the bustling scene. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images China’s economy lost momentum across the board in July, as consumer spending stalled and urban investment contracted at a faster…
Market gauges of inflation-adjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy. Real yields are the returns that a bond investor demands above inflation and are an important indicator of…
