Traders work on the New York Stock Exchange (NYSE) on August 06, 2026 in New York City. Spencer Platt | Getty Images Treasury yields pulled back slightly on Tuesday after long-dated bonds hit their highest level in almost two decades amid a worsening U.S. fiscal situation and persistently higher inflation. The yield on the U.S….
Seven-time Grand Slam winner Venus Williams defeated 6-2, 6-2 by Emiliana Arango in the first round of Cincinnati Open. Published On 15 Aug 202615 Aug 2026 Venus Williams’s losing streak in singles play has reached 13 matches. The seven-time major champion was defeated 6-2, 6-2 by Emiliana Arango late on Friday in the first round…
MTN Group will book a material impairment against its 49% stake in Irancell in its results for the six months to June, the company said in a trading statement ahead of interim numbers due on 24 August. The writedown pushes statutory earnings sharply lower even as the group’s underlying operating performance improved. Impairment losses of…
Tether remains the dominant stablecoin in South Africa. (Image created by GenAI) Authorised financial services provider BlockTower’s rand-backed stablecoin ZARU has been listed on Luno Global, in what it says is the first institutional-grade rand stablecoin on a regulated crypto exchange. The listing gives the rand an on-chain secondary market on Luno’s exchange. ZARU, which…
Ukraine continues to strike warehouses and logistics hubs run by Wildberries, which it says aids Moscow’s war efforts. Russia’s latest attacks on Ukraine have killed at least six people, local authorities say, as Moscow and Kyiv trade intensifying strikes targeting each other’s economic and energy infrastructure. A wave of Russian attacks killed two people and…
VALR CEO Farzam Ehsani Barring South African companies from moving crypto assets across the country’s borders will likely drive those transactions underground or offshore and reduce the very oversight national treasury and the South African Reserve Bank are trying to achieve, according to VALR CEO Farzam Ehsani. Ehsani was responding to the draft Crypto Asset…
Meta CEO Mark Zuckerberg. Carlos Barria/Reuters Meta Platforms reported a 91% plunge in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff. The Facebook and Instagram parent company reported free cash flow of US$784-million in the second quarter ended 30 June, down…
Kumamoto, Japan — Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people in southwestern Japan. The powerful earthquake that hit a day earlier in the Kumamoto area on the southern main island of Kyushu, also left…
The world’s most valuable chip stocks have seen more than $1 trillion wiped from their market caps this week as investor jitters swept through the sector. The selloff was led by Nvidia, which saw a $238 billion rout since market close on Friday. SK Hynix, Samsung Electronics and Micron — all key players in the…
The MyCiTi electric bus. (Image: supplied) Cape Town mayor Geordin Hill-Lewis yesterday welcomed the city’s first fully electric MyCiTi bus. Named Evie, the electric bus is part of an initial 38 battery-electric bus fleet, in line with broader plans for a public transport system that is “cleaner and smarter”. According to the city, the electric…
