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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Africa: Oil Prices Soar Above $100 Per Barrel As Us/Israel War On Iran Disrupts Supply
Global oil prices have surged past $100 per barrel for the first time in over five years as the escalating conflict involving the United States, Israel and Iran disrupts supplies through the Strait of Hormuz. The price of Brent crude has jumped to $109.18 per barrel, crossing the $100 mark for the first time in…
Gas and oil prices soar and shares tumble as crucial shipping lane threatened
Iranian official threatens to “set fire” to any ships passing through the Strait of Hormuz.
Lithium prices soar after Zimbabwe suspends exports
Dado Ruvic/Reuters Lithium prices in China surged on Thursday after Zimbabwe suspended raw mineral exports, sparking concerns over supply disruptions, at a time when growing energy storage demand is projected to drive a boom in the market. The most traded lithium carbonate contract on the Guangzhou Futures Exchange jumped 6.07% to C¥178 020 (US$26 043.45) a metric…
Samsung cashes in on AI data centre boom as memory prices soar
Samsung Mobile’s TM Roh Samsung Electronics on Thursday projected a three-fold jump in fourth-quarter operating profit from a year earlier to a record high as tight supply and a surge in artificial intelligence-driven demand stoked prices for conventional memory chips. The results highlight how chip prices have rocketed as chipmakers scramble to keep up with…
AI job cuts soar but still a tiny fraction of global workforce
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…
Datatec doubles dividend as profits soar
Datatec Group CEO Jens Montanana JSE-listed IT multinational Datatec Group has more than doubled its interim dividend after reporting a 109.5% year-on-year jump in headline earnings per share in the six months to end-August 2025. The group, which owns Westcon and Logicalis, declared a dividend of R1.75/share, up 133.3% compared to the dividend of 75c…
Africa: Displaced Numbers Across West, Central African Countries Soar in 5 Years – UN
Geneva — About 4 million people are now displaced across Burkina Faso, Mali, Niger, and neighbouring countries – about two-thirds more than five years ago – the UNHCR (UN Refugee Agency) regional head for West and Central Africa, said on Friday. Abdouraouf Gnon-Konde addressed a UN press conference in Geneva, saying that the increase in…
South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over…
Alphabet shares soar after judge rules against Google breakup
Alphabet’s shares closed over 9% higher on Wednesday, adding about $210 billion to the company’s market value, after a U.S. judge ruled against breaking up the Google parent company. The decision by Judge Amit Mehta allows Google to maintain control of its Chrome browser and Android mobile operating system, while also continuing to make significant…