• Thursday, September 03 2015
  • JSE Sens

African Business

Is Africa’s Chinese-led boom coming to an end?


Disappointing growth in SA, Nigeria highlights role of China in expansion of recent years, now that Asian country’s economy is slowing down

Middle East

Turmoil in politics and on borders gobble Turkey model

Ahmet Davutoglu. Picture: REUTERS

With economic growth slowing down and the lira plunging to record lows, business leaders and investors are already describing 2015 as a ‘lost year’ for the Turkish economy


China’s welcome mat out for ‘brother, friend’ Bashir

Sudanese President Omar al-Bashir and Chinese President Xi Jinping at the Great Hall of the People in Beijing on Tuesday. The African leader is in China for Second World War commemorations, Picture: REUTERS/PARKER SONG

As nonsignatory of International Criminal Court China not obliged to detain Sudanese President Omar al-Bashir to face war crimes charges

Other Sport

Olympic logo joins stadium in the bin

Kazumasa Nagai, chief of the Tokyo 2020 Olympic emblem selection, is silhouetted at a press briefing on the emblem in Tokyo, Japan. The logo was scrapped on Tuesday. Picture: EPA/KIMIMASA MAYAMA

Tokyo’s 2020 Olympics organisers scrap plagiarism-tainted logo and blame loss of public confidence not lawsuit


IMF sees weaker than expected global growth

Christine Lagarde. Picture: REUTERS / RUBEN SPRICH

International Monetary Fund MD Christine warns emerging economies to ‘be vigilant for spillovers’ from slowdown in China, tighter financial conditions


AT HOME AND ABROAD: Old-style leftover lefty who is attracting Britain’s youth

British socialist Jeremy Corbyn not new, mass-produced, plastic politician. He says what he believes without regard for popularity


STRAIGHT TALK: Today algorithms rule the day

What are we ordinary individuals meant to do amid all of this turmoil? Stand still — don’t be moved by these gusts of wind blowing nowhere

Melting glaciers on Alaska’s southeastern coast near the port of Seward expose the underlying rock structure.  Picture: BRENDAN RYAN

Shrinking Exit Glacier a powerful sign of warming climate

President Barack Obama’s trek to Alaska aims to make world pay heed to damage already caused by rising seas, and demand leaders reach deal in Paris to curb carbon emissions


EU asylum rules under threat as migrants protest

Migrants protest in front of the Keleti Railway Station after police closed the station in Budapest, Hungary, on Tuesday. Picture: EPA/ZOLTAN BALOGH

Migrants protest at closure of Budapest train service in response to large-scale flouting of asylum rules


Drop in jobless rates adds to hints of rebound in Europe

European Central Bank president Mario Draghi, middle, and his deputy, Vitor Constancio. Picture:  EPA/ARNE DEDERT

Unemployment rate in July lowest since February 2012 and below median forecast of 11.1%


UK prime minister promises tough fines for not paying minimum wage

British Prime Minister David Cameron. Picture: REUTERS

David Cameron says he will introduce tough fines for company bosses who fail to pay so-called ‘national living wage’, which will hit £9/hour by end of decade


Chinese central bank to clamp down on forwards trading

An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China, on Wednesday. Picture: REUTERS/ALY SONG

Bank plans to tighten rules on trading of currency forwards from October in move to curb speculation, volatility after shock devaluation of yuan last month


China punishes 197 people for market ‘rumours’

China Man Group’s country chair Li Yifei was understood to be assisting police with inquiries as authorities clamped down on the spreading of rumours about the stock market. Picture: BLOOMBERG

Head of hedge fund manager at Man Group’s China business detained amid crackdown on reporting during recent market volatility


Merkel urges unity to battle hatred against migrants

Demonstrators make their feelings known at the weekend when more than 1,000 people marched through the streets of the German city of Dresden. Picture: EPA/OLIVER KILLIG

Chancellor Angela Merkel decries xenophobia as Germany prepares for 800,000 migrants while other European countries resist

International companies


Probe into 7-Eleven wage fraud claims

Convenience store giant 7-Eleven is accused of unfair labour practices that exploit its vulnerable workers who are often international students. File picture: REUTERS/TIM WIMBORNE

Media probe shows 620 franchisee stores in Australia doctor payrolls and underpay workers


Toshiba executive pushed staff towards ‘creative accounting’

Atsutoshi Nishida has resigned as an adviser to Toshiba, along with two other former CEs, in the wake of a huge accounting scandal exposed by a whistle-blower. Picture: REUTERS/SUPRI

Tough management style at centre of questions over how the nuclear-to-laptops conglomerate suffers Japan’s worst corporate scandal since Olympus, write Nathan Layne and Ritsuko Ando


No let-up in Macau casino slump as Chinese stay away

People cross a road near the Lisboa Casino in Macau. Chinese punters are avoiding the city amid a crackdown on graft. Picture: BLOOMBERG/JEROME FAVRE

Casino downturn drags Macau’s GDP to lowest since 2011 as new gambling resorts fail to attract Chinese

Former CEO of News Corporation’s British unit Rebekah Brooks. Picture: REUTERS

Rebekah Brooks returns as UK News Corp’s CE

British former tabloid news editor Rebekah Brooks, who resigned at height of phone-hacking scandal, will return to News Corp as CE of UK division


Chrysler continues strong sales streak

Reid Bigland. Picture: BLOOMBERG/SCOTT EELLS

Car maker’s North American unit beats estimates, driven by sales of Ram trucks and Jeep SUVs


Eurozone factory growth eases in August despite modest price rises

Picture: REUTERS

Manufacturing growth eases, despite factories barely raising prices, adding to European Central Bank’s woes as it battles to spur expansion, inflation, survey shows


EU’s Tusk condemns racism, xenophobia against migrants

ROLE: Polish Prime Minister Donald Tusk delivers a speech during a ceremony marking the 75th anniversary of Nazi Germany’s invasion of Poland in Gdansk on Monday. Picture: REUTERS

European Union President Donald Tusk condemns xenophobic reactions to a record influx of refugees and migrants pouring into Europe


Only ethically sourced cocoa for KitKat

Women from a local cocoa farmers’ association called Blayeya walk in a cocoa farm in Djangobo, in eastern Côte d’Ivoire in November.   Picture: REUTERS

Nestle first global chocolate brand to make all its products with sustainably sourced cocoa


Dearth of digital defences opens door to illicit access

Picture: REUTERS

Protection against cyber risk could cost $22-trillion by 2020, write Simon Jessop and Ross Kerber

Middle East

Investors must share benefits, says Iran

Hassan Rowhani. Picture: EPA/ABEDIN TAHERKENAREH

President Hassan Rouhani says foreign investors welcome only if they partner with Iranians, hire locals and transfer technology


Germany bullied France into policy of austerity, says Stiglitz

Joseph Stiglitz. Picture: TREVOR SAMSON

Nobel laureate economist backs outspoken Yanis Varoufakis on German tactics to browbeat France in austerity march


Obama to ‘run wild’ with Bear Grylls

US President Barack Obama. Picture: REUTERS

President Barack Obama will trek through Alaska’s wilderness and get a ‘crash course in survival techniques’ from insect-eating British adventurer Bear Grylls


Europe feels pressure as migrant crisis exposes splits

Hungarian police watch Syrian migrants climb under a fence at the Hungarian-Serbian border near Roszke. Hungary’s government has started to construct a 175km-long fence on its border with Serbia to halt a massive flow of migrants. Picture: REUTERS/LASZLO BALOGH

Continent struggles to respond to biggest movement of people since Second World War, with more than 300,000 arriving this year


UK pledges £500m to refurbish Scottish nuclear base

Submarines are seen alongside the jetty at the Royal Navy's submarine base at Faslane, Scotland. Picture: REUTERS

Britain will spend more than £500m refurbishing nuclear submarine base in Scotland over next 10 years, Finance Minister George Osborne says


UK approves giant North Sea gas project

Liquid natural gas offshore platform. Picture: THE HERALD

AP Moeller-Maersk says it has received approval to develop Culzean gas field, largest new find in UK North Sea for 10 years


Europe’s plan for liquidity gets credit flowing

European Central Bank president Mario Draghi, middle, and his deputy, Vitor Constancio. Picture:  EPA/ARNE DEDERT

Turmoil in emerging markets hits eurozone at a time when domestic fundamentals are better


Rebekah Brooks set to cap remarkable turnaround


Rebekah Brooks shakes off phone-hacking scandal to return to Rupert Murdoch’s media empire


Austria toughens border controls in trafficking clampdown

A truck in which 50 migrants were found dead is prepared to be towed on a highway near Parndorf, Austria, on Thursday. Picture: REUTERS/Heinz-Peter Bader

Austria toughens controls at eastern borders in attempt to clamp down on trafficking of refugees, triggering queue of vehicles that stretches some 20km back into Hungary


Brazil's Lula steps back into political fray

Brazilian former president Luiz Inacio Lula da Silva participates in the 12th Congress of the Brazilian Workers Union in Belo Horizonte, Brazil, on Friday. Picture: AFP PHOTO/DOUGLAS MAGNO

Brazil’s first democratically elected leftist leader back in politics to defend embattled Dilma Rousseff and possible 2018 election bid


Dutch lashed for move to cut help to failed asylum seekers

SAVIOUR OF THE SAVERS: Mark Rutte makes a point at this year’s World Economic Forum in Davos. Picture: BLOOMBERG

Failed asylum seekers limited to short-term shelter before deportation while those allowed in must agree to leave


Summertime, and living is uneasy

Europeans on summer vacation descend on Mediterranean beaches against a backdrop of arriving African and Syrian refugees. European Union governments are squabbling in the face of the refugee crisis. Picture: REUTERS

This year the Mediterranean is stage for two seasonal dramas that shows up cracks in European Union

New Google logo. Picture: AFP/GOOGLE

Google redesigns iconic logo for the fifth time

Google unveils redesign of its iconic logo, the fifth such modification since the search engine giant started in 1998


Boffins upbeat over climate change pact


Experts upbeat but Bonn talks clouded by earlier failures and persistent lack of consensus


Walmart cuts work hours to save on costs

Souvenir T-shirts are seen for sale at the Walmart Neighborhood Market. Picture: REUTERS

In the midst of spending $1bn to raise employees’ wages and give them extra training, company has been cutting work hours to keep costs in check


Autonomy vote in Kiev sparks riots against separatists

Smoke rises from the parliament building in Kiev as activists of radical Ukrainian parties, including the Ukrainian nationalist party Svoboda (Freedom), clash with police on Monday. Picture: AFP PHOTO/SERGEI SUPINSKU

Controversial reforms granting pro-Russian separatists greater autonomy ignite fierce clashes outside Ukrainian parliament


Jimmy Carter’s recipe for life sustains us all

Jimmy Carter. Picture: REUTERS/JOHN AMIS

Former US president Jimmy Carter has overcome great adversity during his remarkable life


EDITORIAL: Migrants a tough test for EU

Migrants arrive in the landing dock of the HMS Bulwark in the middle of the Mediterranean on May 13. The migrants are from North Africa, according to the  British Ministry of Defence, which made the picture available. Picture: EPA/CARL OSMOND

Beleaguered Greece bears the brunt of historic influx as Germany pushes for European Union asylum policy review and tensions rise


Suzuki and VW finally clear their throats

An employee holds an emblem for a Volkswagen Golf car in a production line at the Volkswagen headquarters in Wolfsburg, Germany, in this November 14 2008 file photo.  Picture: REUTERS

VW to dispose of Suzuki Motor Corporation stake worth $3.8bn at close of four-year dispute


Sanctions on China hackers mulled


White House considers applying sanctions against China-based companies and individuals it believes have benefited from Chinese hacking of US trade secrets


Climate ups odds of ‘grey swan’ superstorms

This satellite photo from May 25 2015 shows a weather system stretching from northern Mexico to Oklahomain the US. The tornado came as ferocious weather battered swathes of Mexico and the southern United States, where rescuers hunted for 12 people missing in flash floods across Texas and Oklahoma that left three people dead. Picture: AFP PHOTO/HANDOUT/NASA

Climate change will boost odds for extremely rare, hard-to-predict tropical cyclones for parts of Australia, the United States and Dubai by 2100, researchers say


What to expect when you’re expecting an Apple Car

Picture: REUTERS

No one knows what company’s internal logic is, but if you examine industry, it becomes apparent that transport is ripe for disruption in way that could give Apple an opening


Google, Sanofi team up to improve diabetes care


Google’s life sciences team, French drugmaker Sanofi say they will partner to develop tools to improve management and treatment of diabetes


Bankers back growth to hike inflation

Bank of England Governor Mark Carney talks to a US official at the annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming, on Saturday. Picture: REUTERS/JONATHAN CROSBY

Price increases in the US and Europe run well below levels targeted by the central banks


Berkshire backs oil with $4.5bn stake in refiner

Berkshire Hathaway chairman Warren Buffett. Picture: BLOOMBERG

Latest wager by Warren Buffett and his team — renowned for unorthodox bets — comes amid a slump in crude prices, driven by concerns a supply glut will persist


Europe tackles safety risks in wake of train attack attempt

French Transport Minister Alain Vidalies welcomes Spanish Interior Minister Jorge Fernandez Diaz (left) at an emergency meeting on border co-operation and security, in Paris, France, on Saturday. Picture: EPA/ETIENNE LAURENT

Thwarted attack underscores risks facing Europe’s trains that depart from open stations and few checks for ticket holders


GLOBAL ECONOMIC WEEK AHEAD: China fears linger as focus on Fed sharpens

A clerk counts Chinese 100 yuan banknotes at a branch of China Construction Bank in Hai'an, Jiangsu province in this June 10 2014 file photo.  Picture: REUTERS

Fears of China’s health remains under spotlight, along with question of whether the Fed will raise interest rates in September

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