South Africa: Inflation Edges Up on Food PricesSouth Africa’s annual headline inflation rose slightly in April to 2.8%, up 10 basis points from the previous month, driven primarily by rising food prices. This modest increase comes amid continued concerns about consumer price pressures in key sectors. Africa’s Critical Minerals at a CrossroadsAfrica holds significant reserves […]
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Doha, 20 May 2025 – Qatar Airways Group announced on Monday a record profit of $2.15 billion for its fiscal year ending March 31, 2025, driven by strong passenger demand and continued recovery in global air travel. The state-owned aviation group reported total revenues of $23.4 billion, up from $22.1 billion in the previous fiscal […]
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London, 21 May 2025 – British retailer Marks & Spencer (M&S) announced on Wednesday that a recent cyberattack is expected to reduce its group operating profit by approximately £300 million for the 2025/26 financial year. The company, which operates across food, clothing, and homeware sectors, confirmed the financial impact in a statement released alongside its […]
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Brussels, 20 May 2025 – The European Union has decided to lift a portion of its economic sanctions on Syria following recent political changes in the country, EU foreign policy chief Kaja Kallas announced on Tuesday. “Today, we took the decision to lift our economic sanctions on Syria,” Kallas said in a statement posted on […]
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RXR has acquired the landmark 590 Madison Avenue office tower in Manhattan’s prestigious Plaza District for nearly $1.1 billion, according to Bloomberg and other media reports. The transaction marks the most expensive office building sale in Manhattan since 2022 and underscores renewed confidence in prime commercial real estate. The 42-story tower—often referred to as the […]
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Kraft Heinz, a global leader in the food and beverage sector, has unveiled plans to invest $3 billion into modernizing its U.S. manufacturing operations. This move marks the company’s largest manufacturing investment in over a decade, signaling its commitment to improving efficiency, sustainability, and production capacity. The initiative, spanning multiple years, will focus on upgrading […]
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One in four jobs worldwide is potentially exposed to what’s known as generative artificial intelligence – or Generative AI – according to a new joint study from the UN labour agency (ILO) and Poland’s National Research Institute. The study finds that transforming job descriptions, not widespread job loss, is the more likely result. Generative AI (GenAI) […]
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The European Commission announced an initial humanitarian pledge of over €2.3 billion for 2025 to address urgent global crises at the European Humanitarian Forum concluded today in Brussels. These include the humanitarian impact of Russia’s aggression against Ukraine, the humanitarian situation across the Middle East, particularly Gaza, and the escalating crisis in Sudan. The Forum […]
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The European Commission has published its spring 2025 economic forecast, showing that the EU economy started this year stronger than anticipated. It is projected to keep growing slowly in 2025, with growth expected to pick up in 2026. Key projections real GDP is projected to grow by 0.9% in 2025 and 1.4% in 2026 […]
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The effects of the devastating COVID-19 pandemic are still being felt. Around seven million people died, health systems were overwhelmed, and the global economy was practically driven to a standstill. The global turmoil prompted a stunned international community to pursue an agreement aimed at preventing such a catastrophic event from happening again – and ensuring […]
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