Business News 17.4.2019 06:18 pm
Sibanye strike ends after Amcu accepts old offer, 5 months later
At least 15,000 Amcu members downed tools on November 21, 2018 at Sibanye’s gold operations of Driefontein, Kloof, and Beatrix mines.
Almost five months later, the strike by members of of the Association of Mineworkers and Construction Union (AMCU) at Sibanye-Stillwater's South African gold operations has ended, the miner confirmed on Wednesday.
Business News Lawsuit accuses Chinese tech billionaire of rape
A Chinese college student is suing tech billionaire and JD.com founder Richard Liu for allegedly raping her last year during a US visit.
Business News Disney donates $5 mn to restore Notre-Dame
Disney will donate $5 million for the reconstruction of Notre-Dame, the company announced Wednesday, calling the French cathedral an “irreplaceable masterpiece.”
Business News South Korea’s Moon kicks off three-country Central Asian tour
South Korean President Moon Jae-in kicked off a trade and investment-focused tour of Central Asia on Wednesday with a visit to Turkmenistan, as he seeks to ease reliance on China and the US.
Business News India’s stricken Jet Airways suspends all operations
India’s debt-stricken Jet Airways halted all of its operations Wednesday after failing to secure emergency funding from lenders, leaving it teetering on the edge of bankruptcy.
Business News US trade deficit hits 8-month low in February on autos, aircraft
The US trade deficit in February fell to its lowest level in eight months, thanks in part to rising aircraft and auto exports, according to government data released Wednesday.
Business News SA emerging chicken importers say hiking poultry tariffs would hurt consumers
A chairperson says slapping massive import tariff increases is the low road, and simply a way to shut down competition.
Business News US firms in China frustrated, business lobby says
American firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said Wednesday, while a trade war between Washington and Beijing continues to fester.
Business News Petrol lines in Portugal as strike bites
Lines stretched out at petrol stations in Portugal on Wednesday as supplies were hit by a fuel haulers strike days before a long holiday weekend.
Business News Ericsson, Swisscom launch Europe’s first large scale 5G network
Telecom equipment manufacturer Ericsson said Wednesday it had launched the first European large scale commercial 5G network together with Swiss operator Swisscom, as Ericsson posted a first quarter profit boosted by sales in North America.
Business News EU threatens $12 bn in tariffs over US Boeing subsidies
The EU on Wednesday unveiled a wide-ranging list of US-made goods, from beeswax to car parts, subject to tariffs in retaliation for subsidies to Boeing as a transatlantic trade war risked re-erupting.
Business News MC Mining wins as appeal against environmental authorisation for coal project is dismissed
Its subsidiary Baobab Mining and Exploration is developing the hard coking and thermal coal project in Limpopo province.
Business News Bailouts could lead to ratings downgrade, warns Moody’s
A report released by the ratings agency kindest to SA has led to a drop in the rand.
Business News Clicks Group interim earnings up 13.2%
CEO Vikesh Ramsunder says the group is planning capital investment of R700 million for the year.
Business News Rolfes Pigments eyes expansion into southern Africa
A managing director says the key attraction is the size of the southern African market and their potential for growth.
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