Samsung Electronics has projected a landmark third-quarter operating profit of R1.32 trillion (₩107.4 trillion), marking the first time a global technology company has surpassed R1.23 trillion in quarterly earnings. Driven by a nearly nine-fold year-on-year surge in operating profit, the result represents Samsung’s fourth consecutive quarter of record earnings, fuelled by an escalating global memory…
Residents in flood-affected districts in Nepal were warned to remain on high alert for possible fresh flooding as rescuers scrambled to clear a major highway connecting Kathmandu to one of the areas worst hit by Wednesday’s catastrophic floods. Nepal’s disaster agency said Sunday the death toll had climbed to 788 with 2,502 missing, while Chinese…
The price of crude oil on global markets continued to surge Tuesday, with international oil benchmark Brent rising for a second straight day to more than $87 per barrel, the first time since June it has traded at that price. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content….
Daba Finance Weekly Market Digest: June 29 – July 05 African financial markets concluded the week of June 29 to July 05 with a notably constructive tone, highlighted by continued rallies and significant growth across several exchanges. The BRVM Composite Index specifically recorded an impressive gain of +2.2%, nearing the 460-point mark and demonstrating sustained…
New FAO Report: Seafood trade soars to record $184bn, but sustainability gap widens Aquaculture now provides 53 percent of total aquatic animal production and over 59 percent of aquatic animal food output. PHOTO/FAO. By PATRICK MAYOYO Aquatic animal products have reached a new economic peak, with trade soaring to $184 billion and matching the scale…
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Temu and Shein’s boom has accelerated SA’s digital commerce shift. Nearly half of surveyed South African online shoppers buy from international low-cost platforms such as Temu and Shein, highlighting a shift in local consumer behaviour and intensifying pressure on domestic retailers. This is according to new consumer research conducted by payments firm Stitch, in partnership…
The Intel logo is displayed in front of Intel headquarters in Santa Clara, California, Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock closed at $82.57 and is now…
Nvidia delivered another set of record-breaking results for its January quarter on Wednesday, bolstered by the relentless demand from “Big Tech” for its specialized AI processors. The company posted a 94% increase in sales, reaching $68.1 billion, and projected current-quarter revenue of approximately $78 billion, comfortably exceeding market expectations of $72.6 billion. Read: The new…
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. Angelika Warmuth | Reuters Silver futures jumped about 7% early Tuesday, continuing 2025’s roller-coaster ride for precious metals. Silver futures for March delivery were up 7.2% to last trade at $75.54 an ounce…
