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.
The wage settlement agreement has been welcomed by Minister of Labour Mildred Oliphant.
In an environment of negative sentiment, mispricing may create opportunities.
An Ayo executive spilled the beans on the company’s governance issues after being subpoenaed to appear before the commission.
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.

Business News Block China Mobile from US, FCC chairman says

The chairman of the top US telecoms regulator on Wednesday announced his opposition to allowing China Mobile to operate in the United States, citing risks to American national security.

Business News Argentina’s Macri freezes prices of basic goods and public services

Argentina’s President Mauricio Macri announced a freeze in the price of basic goods and public services on Wednesday in a bid to limit the impact of spiralling inflation that could hamper his re-election hopes in October.

Business News 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.

Business News Labor shortages, trade uncertainty weigh on US economy: Fed report

The US economy has been chugging along, expanding at a “slight-to-moderate pace” but labor shortages and trade uncertainty continue to weigh on the outlook, the Federal Reserve said Wednesday.

 

 

 

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