Climate refugees who abandon drying agricultural lands in frontier countries and head to South Africa to seek new livelihoods are encountering crushing hardship in this country. ‘Crop yield, livestock failed. That’s why we came to South Africa confident of a fresh start,” says Joshua Tuso (41), an undocumented migrant from Zimbabwe. But “it has been…
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….
Hong Kong Spreephoto.de | Moment | Getty Images Asia-Pacific markets started the week higher after the New York Federal Reserve President signaled that a third rate cut could happen this year. On Friday, New York Federal Reserve President John Williams suggested the Fed could lower its key interest rate from here as labor market weakness poses a…
On their way to a Super Bowl appearance last season, the Kansas City Chiefs could do no wrong in close games, posting an 12-0 record in games decided by one score or less. Yet the Chiefs entered Week 12 of this season just 5-5 and facing the possibility of having a losing record through 11…
Reuters Trump and Xi last met in person in 2019, during Trump’s first term as president Donald Trump has said he would like China’s help to deal with Russia as he seeks to bring an end to the war in Ukraine. “I’d like China to help us out with Russia,” the US president said on…
Israeli Prime Minister Benjamin Netanyahu said he hopes to announce the release of all hostages from Gaza “in the coming days,” after Hamas said it has agreed to parts of the peace plan that President Trump outlined earlier this week. In a brief statement late Saturday, Netanyahu said he has sent a delegation to Egypt “to…
Nigeria’s chances of reaching the 2026 FIFA World Cup have been handed a major boost after FIFA sanctioned South Africa for fielding an ineligible player during a qualifier. The FIFA Disciplinary Committee announced on Monday that South Africa’s Bafana Bafana forfeited their March 21 clash against Lesotho for using midfielder Teboho Mokoena, who was not…
Dado Ruvic/Reuters Nvidia has announced it will invest US$5-billion in Intel, throwing its heft behind the struggling US chip company weeks after the White House engineered a deal for the US government to take a massive stake in the company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the…
The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets rose Wednesday, tracking gains on Wall Street, as hopes for a rate cut by the Federal Reserve rose, while investors also assessed August inflation data from China. Consumer prices in China fell 0.4%…
In Ntungamo District, anticipation is brewing as the Inspire Africa Coffee Park in Rwashamire nears completion. Construction now stands at 85 percent, with equipment already tested, and the facility is expected to open its doors to farmers within a week. Over 7,000 farmers have registered, ready to supply coffee directly to the park, which has…
