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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,931 Episodes
260 – 280

LETTER: Mbalula is a laughing stock

Given his history, I often wonder whether transport minister Fikile Mbalula thinks before he opens his mouth. Mbalula, like many other politicians, thinks that a threatening and aggressive stance will pull the masses into line, when in fact the opposite applies. President Cyril Ramaphosa had the right idea at the…
4 Sep 2020 8AM 1 min

Reports of racism and homophobia at UK football games double in past season

London — Reports of racist and homophobic abuse at football matches in Britain soared to a record high in the last year, despite the disruption to the season from the coronavirus pandemic. Recorded discrimination in the 2019/2020 season at professional games rose 42% to 446, with homophobic abuse almost doubling…
4 Sep 2020 8AM 2 min

Swiss complete Ceneri Tunnel under the Alps to reduce carbon and increase cargo

Camorino — Switzerland officially opened the Ceneri Base Tunnel on Friday, the final piece in a direct, flat rail link connecting Northern Europe to the Mediterranean via routes beneath the Alps. The 15.4km tunnel marks the completion of the New Rail Link through the Alps (NRLA), a 22.8-billion Swiss franc…
4 Sep 2020 7AM 2 min

Crew and cattle loss renew concern about livestock shipping

Sydney/Tokyo — A cargo ship with 43 crew and 5,800 cattle on board that overturned during stormy weather in the East China Sea has renewed concern about animal welfare issues in the live export trade in Australia and New Zealand. The Japan coast guard continued rescue efforts with four patrol…
4 Sep 2020 6AM 3 min

Rand improves as market eyes US job numbers

The rand was firmer on Friday morning, in line with its emerging-market peers, as currency traders awaited US non-farm payrolls data later in the day. The jobs data is a key barometer of the health of the US economy and will ultimately determine the direction of the rand after a…
4 Sep 2020 6AM 1 min

SHIRLEY DE VILLIERS: Looters in chief

Wednesday was a big day for SA. For starters, auditor-general Kimi Makwetu released the results of his real-time audit of the government’s multibillion-rand Covid relief spending. It was an indictment of SA’s ability to manage money. Makwetu has been warning for years about the paucity of financial controls in various…
4 Sep 2020 6AM 7 min

Italy’s Berlusconi in hospital after testing positive for virus

Rome — Italy’s former prime minister Silvio Berlusconi, in hospital after testing positive for the coronavirus, has been diagnosed with the early stages of double pneumonia, ANSA news agency reported on Friday. Double, or bilateral, pneumonia affects both lungs and can make breathing difficult. The condition has been seen in…
4 Sep 2020 6AM 2 min

Drugs for obesity and diabetes show promise for Covid-19 use

London — Novo Nordisk, the Danish drugmaker, is exploring whether a new class of medicines that helps people lose weight and control diabetes also has potential in fighting Covid-19. Research shows people afflicted by obesity and diabetes often fare worse in trying to overcome SARS-CoV-2. Initial analysis of electronic medical…
4 Sep 2020 5AM 2 min

Eskom suspends ‘apathetic’ managers of power stations over load-shedding

Eskom has suspended the managers of the Tutuka and Kendal power stations, saying the country’s load-shedding crisis was being “exacerbated by serious issues of apathetic behaviour” by some top staff. SA was set to endure yet another day of rolling blackouts with stage 3 load-shedding scheduled from 8am until 10pm…
4 Sep 2020 5AM 2 min

World shares edge down ahead of US jobs data as tech tumbles

London/Singapore — World shares edged lower on Friday, and were on course for their worst week in more than two months, though gains in safer assets, such as bonds and the dollar, were muted as investors awaited US jobs data to see if it triggers a bigger sell-off. The pan-European…
4 Sep 2020 5AM 4 min

Oil set for biggest weekly loss since June

London — Oil held at about $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the Covid-19 pandemic. A US government report showed domestic petrol demand fell in the latest week. Middle…
4 Sep 2020 5AM 1 min

Environmental campaigners accuse ECB of contributing to ‘climate chaos’

London — The European Central Bank’s (ECB’s) emergency stimulus programme is endangering the region’s climate-change objectives by “feeding a natural gas frenzy,” according to environmental campaigners. The central bank is buying bonds from fossil-fuel project developers including Royal Dutch Shell, Total and Engie, Paris-based Reclaim Finance said in a statement…
4 Sep 2020 5AM 3 min

Village sheds light on India’s surging Covid-19 caseload

Rajewadi/Guwahati — The quaint, sugar cane-growing village of Rajewadi in India’s west did not have a single confirmed coronavirus case until mid-August. Now one in four people there is positive for the virus, with police blaming a local religious event for the spread. Such spurts in cases in small towns…
4 Sep 2020 4AM 4 min

Gold takes heart as equities lose ground

Bengaluru — Gold prices rose on Friday, as US treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of the US non-farm payrolls report. Spot gold was up 0.3% at $1,935.84/oz by 3.04am GMT, after falling to a near one-week low on Thursday…
4 Sep 2020 2AM 2 min

Asian shares dip after Wall Street sell-off

Singapore — Asia’s stock markets had their worst session in two weeks on Friday after a tech-led plunge on Wall Street, though gains in safer assets such as bonds and dollars were muted as investors awaited US job data to see if it triggers a bigger sell-off. MSCI’s broadest index…
4 Sep 2020 1AM 3 min

Oil falls on poor demand and large supplies at refiners

Singapore — Oil futures slipped 1% on Friday, with prices on both sides of the Atlantic heading for their biggest weekly drops since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar. Brent crude fell 44c to $43.63 a barrel by 3.25am GMT, while US…
4 Sep 2020 1AM 1 min

JSE faces sharp losses as other markets fall on Friday

The JSE faces much weaker Asian markets on Friday morning, amid a sharp sell-off on US markets overnight, particularly for tech stocks. The sell-off was overdue, and what was interesting to note it did not fully extend to other asset classes, such as dollars and gold, said Oanda senior market…
4 Sep 2020 1AM 1 min
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