American consumers resumed spending in March, snapping up autos ahead of the summer driving season and pushing the US retail sector to its biggest gains in 18 months, government data showed Thursday.
Turkey’s President Recep Tayyip Erdogan on Thursday criticised Western media coverage of the country’s economy after a Financial Times report questioned the central bank’s management of foreign currency reserves.
France’s culture minister pleaded Thursday for an end to the controversy over the 850 million euros (950 million dollars) pledged to restore Notre-Dame cathedral, which critics have suggested would be better spent on the poor.
British retail sales rose far more than expected in March, official data showed Thursday, despite political uncertainty over Brexit and turmoil for department stores.
Fuel haulers in Portugal lifted on Thursday a strike that caused long lines at petrol stations days before a long holiday weekend following mediation by the government.
Eurozone business growth was at its lowest level since 2014, a closely watched survey said on Thursday, dragged down by stagnation in France and a sluggish Germany.

Business News Protracted strike at Sibanye over following wage deal

The wage settlement agreement has been welcomed by Minister of Labour Mildred Oliphant.

Business News Is there a witch-hunt for the next Steinhoff?

In an environment of negative sentiment, mispricing may create opportunities.

Business News PIC inquiry whistle-blower fears ‘repercussions’ after Ayo testimony

An Ayo executive spilled the beans on the company’s governance issues after being subpoenaed to appear before the commission.

Business News Japan’s Suzuki in domestic recall of 2 mln vehicles

Japanese small car manufacturer Suzuki announced Thursday it was recalling two million vehicles shipped domestically, citing improper inspections and a series of other faults including false fuel efficiency data.

Business News Policy, political parties leave SMMEs out in the cold

Crippling regulations, no recourse and only empty election promises by political parties prevent small business from boosting the economy.

Business News Jet shares nosedive after flights grounded, lenders ‘hopeful’

Jet Airways shares plunged more than 32 percent on Thursday, hours after the Indian carrier’s final flight landed following a decision to ground its entire fleet.

Business News Mboweni’s cake flour zero-VAT plan backfires on the poor

The zero-VAT rating had no effect on the food budget of the poor, who had to fork out more due to the increased VAT charged on other foods.

Business News Feathers fly over proposed duty tariff hikes on chicken imports

It is claimed that the increase would make chicken 32% more expensive, but the SA Poultry Association says imports are getting harder to compete with.

Business News Coffee helps Nestle brew up sales growth

Swiss food giant Nestle said Thursday its sales have climbed, boosted by recent acquisitions including the right to market Starbucks coffee products in supermarkets around the world.

Business News Pinterest prices IPO at $19 to begin trading Thursday

Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.

Business News Boeing conducts final test flight of 737 MAX with software fix

Boeing has conducted a final test flight of a 737 MAX model with an updated anti-stall system prior to its certification by aviation authorities, the aerospace manufacturer said Wednesday.

Business News Asian markets down as global rally takes a break

Asian markets fell Thursday as investors in most countries wound down going into the long Easter break, with positive comments on the China-US trade talks and healthy Chinese growth unable to fire buying activity.

Business News How Brexit threatens Falklands’ economy — and Spanish fishermen

A no-deal Brexit would deal a severe blow to the economy of Britain’s Falkland Islands which is heavily dependent on squid exports — and to Galicia in Spain where almost all of the molluscs are sent.

Business News Canada wants simulator training for 737 MAX fix

Canada’s transport minister on Wednesday called for pilots to get flight simulator training to learn how to use new software on the troubled Boeing 737 MAX, saying US-suggested computer tutorials are not enough.

 

 

 

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