• Tuesday, September 01 2015
  • JSE Sens
Job seekers wait in line to enter a government-run employment office in Madrid, Spain on Thursday.   Picture: REUTERS

Eurozone unemployment at lowest in three years

Unemployment falls to 10.9% in July, first time it has dipped below 11% since February 2012, raising hopes economic recovery is taking hold, official data show


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


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


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


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


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

Christine Lagarde. Picture: REUTERS / RUBEN SPRICH

IMF sees weaker than expected global growth

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


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


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


Boffins upbeat over climate change pact


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

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


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


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

International companies


Google redesigns iconic logo for the fifth time

Picture: REUTERS

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


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


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

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

Only ethically sourced cocoa for KitKat

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


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


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


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


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


Macau takes dangerous gamble against Chinese


Cash ruse continues despite raids, new antimoney-laundering pact and crackdown on underground banking, writes Farah Master


China is growing at ‘reasonable’ pace despite pressures, says Premier Li

Picture:  REUTERS

Chinese economy faces new pressure as international market instability increases uncertainty around global recovery


China’s Commerce Ministry defends yuan's devaluation, sees ‘limited’ impact

Yuan Renminbi. Picture: EPA/WOO HE

Which was meant to correct a "relatively large deviation" between the yuan’s spot rate in the market and the daily midpoint fixing by the central bank


Britain’s GDP accelerates in second quarter


Growth was boosted by a jump in exports and business investment in the latest sign that the recovery is broadening out


Brazil sinks into worse-than-expected recession

Brazilian President Dilma Rousseff. Picture: REUTERS

Data hammers popularity of President Dilma Rousseff as she struggles to save country’s investment-grade credit rating amid a vast corruption scandal


Why people jump lives, and confuse politicians

Jump syndrome has become a diaspora hard-wired into a global culture driven by economic necessity

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 ups odds of ‘grey swan’ superstorms

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


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


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


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

Bickering over refugees shows up cracks in EU


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


Mahatir lends weight to Malaysian anticorruption protest

Former Malaysian prime minister Mahathir Mohamad speaks to the media during a rally organised by prodemocracy group Bersih (Clean) in Malaysia’s capital city of Kuala Lumpur on Sunday. He called for a movement to topple Prime Minister Najib Razak. Picture: REUTERS

Political crisis triggers protests after reports of a mysterious transfer worth more than $600m into account under Prime Minister Najib Razak’s name


US retailers prod China for lower prices after devaluation

Picture: REUTERS

US retailers are starting to negotiate with Chinese suppliers to take advantage of lower manufacturing costs after China devalues yuan


Uber China closes $1bn fundraising round, sources say


Uber closes fundraising round early, according to two people with knowledge of matter, with investors still hopeful for ride service despite strong domestic competition


Easy money talk a brake on euro, yen

US dollar, euro and Swiss franc banknotes are displayed in a bank in Budapest, Hungary. Picture: REUTERS

The possibility of further quantitative easing in Europe and Japan has returned to investors’ radar screens, reining in rallies in the euro and yen


China stock market woes threaten growth of global car manufacturers

A BMW M235i on display during the 16th Shanghai International Automobile Industry Exhibition in Shanghai in April. German car maker BMW has said weaker demand from China could weigh on its full-year earnings. Picture: AFP PHOTO/WANG ZHAO

Dealers report lost sales from the stock tumult and car makers brace for more pain as buyers’ cash dwindles


Vietnam to free 18,200 prisoners in amnesty but no activists


Vietnam says it will free more than 18,200 prisoners to mark independence day celebrations, but political activists will be excluded from amnesty


Greece names Vassiliki Thanou as first woman prime minister in caretaker role

Greece's Supreme top Court judge Vassiliki Thanou after her swearing in ceremony as the country's caretaker prime minister, at the handover ceremony at the prime minister's office at Maximos Mansion in Athens, Greece. Picture: REUTERS/STOYAN NENOV

Greece’s top supreme court judge Vassiliki Thanou, named caretaker prime minister to lead the country to elections in September, ends week of political deadlock after Alexis Tsipras resigned


Greece sets vote for September 20 as Syriza leads polls

A protester waves a Greek national flag during an anti-austerity pro-government demonstration in front of the parliament in Athens on Monday. Picture:  REUTERS/YANNIS BEHRAKIS

Greece gears up for a snap election next month, with an opinion poll showing leftist party Syriza ahead despite a wave of defections

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