US lifts sanctions on some Iranian oil as gas prices soar
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
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Eskom lifts load reduction for 140 000 customers
Eskom says more than 140 000 customers are no longer subject to load reduction during peak periods, as the utility makes progress on a programme to eliminate the practice entirely by 2027. Load reduction – distinct from load shedding – is a targeted measure Eskom uses in areas plagued by illegal connections, meter tampering and overloaded…
Sony reports 22% jump in December-quarter profit, beats expectations and lifts full-year outlook
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December…
Africa: Afcon Matchday 2 Round-Up – Salah’s Last-Gasp Goal Lifts Egypt, South Africa Edge Angola, Daka Strike Denies Mali
Mohamed Salah scores a dramatic late winner as Egypt beats Zimbabwe Bafana Bafana begin campaign with hard fought win Patson Daka scores late for Zambia to hold Mali Egypt 2-1 Zimbabwe Scorers: Marmoush 63rd, M. Salah 90th / P. Dube 20thMohamed Salah’s stoppage-time strike rescued Egypt from the brink of frustration as they fought back…
Asia markets mostly climb after AI trade lifts Wall Street overnight
An electronic quotation board displays the Nikkei 225 stock prices on the Tokyo stock Exchange in Tokyo on Nov. 5, 2025. Greg Baker | Afp | Getty Images Asia-Pacific markets opened mostly higher Tuesday, after AI trade lifted major Wall Street indexes overnight. Nvidia shares rose more than 1% after Reuters said the company was looking…
Belarus frees 123 prisoners as US lifts sanctions
Belarus has freed 123 prisoners, including prominent opposition activist Maria Kolesnikova, after the US agreed to lift sanctions on the Eastern European country. Nobel Peace Prize winner Ales Bialiatski is also among those who have been freed following talks in Minsk with US President Donald Trump’s special envoy for Belarus, John Coale. The US has…
Cost cuts and content pay off as eMedia lifts profits in brutal market
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…
Africa: Nigeria’s Building Boom Lifts Lafarge Africa’s Nine-Month Profit By 246 Percent
A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…
Datatec CEO Jens Montanana lifts stake to R2.5bn
Datatec CEO Jens Montanana. Datatec CEO Jens Montanana has increased his stake in the company to R2.5 billion through incremental share purchases, underscoring his confidence in the ICT distribution group. Before his latest share purchase yesterday, Montanana was already Datatec’s largest shareholder, surpassing the Public Investment Corporation (PIC), which is Africa’s biggest investment manager, with…
UniCredit lifts profit guidance, leaving Banco BPM bid behind
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome….