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EU to extend relief to farmers

Multimillion-euro aid package set up to help struggling farmers hit by Russian sanctions over the Ukraine crisis


US employment costs post smallest gain on record in second quarter

A woman walks to enter a line for the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York.  Picture: REUTERS

US labour costs in second quarter record smallest increase in 33 years amid tepid gains in private sector, but unlikely to dampen speculation of rate hike this year


Europe’s bond-buying quells deflation fears


European Central Bank’s money-printing programme shows promise after warding off deflation amid falling oil prices and the Greek financial crisis


Korean official raises hand for Fifa top job

Chung Mong-joon. Picture: REUTERS/KIM HONG-JI

Billionaire scion of South Korea’s Hyundai and former Fifa executive Chung Mong-joon says it's not the right time for Platini to lead


Thousands evacuated as cyclone set to hit Bangladesh

Cyclone Ita is seen approaching the far north Queensland coast of Australia on Thursday. Picture: REUTERS

Cyclone set to hit Bangladesh coast later Thursday has already killed three people and forced evacuation of thousands from mainly poor fishing communities


Landslide near Nepal’s popular Annapurna trek route kills 30

People work to remove a stone as they search for landslide victims at Lumle village in Kaski district, Nepal, on Thursday.  Picture: REUTERS

Landslides triggered by torrential rain in Nepal sweep through villages, killing at least 30 people close to nation’s most popular trekking circuit


Islamic tensions on Beijing agenda

Turkish President Recep Tayyip Erdogan, right, and Chinese President Xi Jinping inspect Chinese honour guards during a welcoming ceremony in Beijing on Wednesday. Picture: AFP PHOTO/WANG ZHAO

Sino-Turkish relations focus on strategic co-operation despite tensions over Muslim Uighur minority


Greeks paying, but getting nothing

Greek Prime Minister Alexis Tsipras’ brinkmanship has been as unhelpful in the sorry saga of the Greek crisis as German Chancellor Angela Merkel’s hardline approach. Picture: REUTERS

When Alexis Tsipras cocked a snook at Angela Merkel over the possibility of a Grexit, the world held its breath. Were we, at last, going to renegotiate the way the globe’s floundering financial system works?


Fighting graft will not end poverty

Pope Francis. Picture: AFP PHOTO/TIZIANA FABI

Countries are poor because governments are corrupt. Unless they ensure public resources are not stolen and public power is not used for private gain, they will remain poor, right?


NEWS ANALYSIS: Sign of the financial times as cautious Springer loses bid

Germany’s largest news publisher has a long line of setbacks in its attempt to expand abroad, write Harro Ten Wolde and Klaus Lauer


Malaysia says almost certain debris found in Reunion from a Boeing 777

A woman writes a message of hope for the passengers of the missing Malaysia Airlines flight MH370 on a banner at Kuala Lumpur International Airport on Wednesday. Picture: REUTERS

Malaysia ‘almost certain’ plane debris found on Reunion Island is from a Boeing 777, heightening possibility it could be wreckage from missing Flight MH370


Barclays chairman to accelerate restructuring as profit rises

John Mcfarlane. Picture: BLOOMBERG/DAN LEWIS

Barclays chairman John McFarlane promises faster delivery as pretax earnings meet estimates


France and Britain struggle to curb migrant surge

Illegal migrants head for the Eurotunnel  site near Calais, northern France, on Wednesday. A Eurotunnel spokesman says about 2,000 migrants tried to enter on Tuesday night. Picture: REUTERS/PASCAL ROSSINGNOL

Countries promise to beef up security as man dies in Channel Tunnel stampede — the ninth fatality since early June


Chinese jewellers’ woes bode ill for gold

Picture: REUTERS

Global demand for gold coins and bars fell 12% in the second quarter


Eat, pray, shop: Philippine malls become new town plazas

Shoppers pass a mannequin inside a shop window at Maponya Mall, Soweto. Picture: KEVIN SUTHERLAND/SUNDAY TIMES

With functions expanding from shopping, dining to venues for Catholic mass and Zumba workouts, experts say malls are taking on more important role at heart of communities


Trump may have overestimated his net worth

Republican Presidential candidate Donald Trump addresses supporters during a political rally at the Phoenix Convention Center in Phoenix, Arizona. Picture: AFP

Bloomberg billionaires index reveals portfolio dominated by skyscrapers and golf courses. Donald Trump says he is worth more than $10bn


Nokia unveils virtual reality camera for filmmakers

Picture: REUTERS

Ball-shaped gadget captures 3D footage for content creation for devices such as increasingly popular headsets that let users immerse themselves in virtual games

International companies


Microsoft hopes Windows 10 will help it catch up in mobile


Stakes are high as Microsoft pushes out Windows 10 for both traditional computers and mobile devices


Playground fun over as insurers back off from Toys ‘R’ Us

Boom days, when stores like this one in New York were filled with customers, seem to be over for Toys ’R’ Us. The company has suffered losses and its share price is falling. Picture: BLOOMBERG

New headache for toys retailer after it suffers more than two years of losses

The Uber logo is seen on a vehicle near Union Square in San Francisco, California. Picture: REUTERS/ROBERT GALBRAITH

Uber to invest heavily in India

App-based taxi-hailing company says it is ‘extremely bullish’ on Indian market, expects ‘tremendous potential’ in country


Greek PM says may have to call early election

Greek Prime Minister Alexis Tsipras speaks during a live interview at Sto Kokkino radio station in Athens, Greece, on Wednesday. Picture: BLOOMBER/KOSTAS TSIRONIS

Revolt in Syriza party against latest bailout reforms forces Greek Prime Minister Alexis Tsipras into election poser to secure parliamentary majority


Samsung’s second-quarter profit falls 8%

Mock-ups of the Samsung Galaxy Note 4 smartphone are displayed at the company's flagship store in Seoul, South Korea. Picture: BLOOMBERG

Electronics giant posts 8% fall in net profit, promises ‘flexible’ pricing of new flagship smartphone after less than stellar sales contribute to slump in mobile unit earnings

Middle East

Netanyahu gives nod for new West Bank homes

Israeli paramilitary police (left) stand in front of Jewish settlers protesting against the demolition of two partially built homes in the West Bank Jewish settlement of Beit El near Ramallah on Wednesday. Israel gave final approval for plans to build 300 new homes there. Picture: REUTERS/EMIL SALMAN

Decision comes amid strained relations between Israel and the US particularly over the recent nuclear deal with Iran


President set for flak over new Guantanamo plan

The fence topped with razor wire and the watch tower of the Camp VI detention facility at the US Naval Station in Guantanamo Bay, Cuba. Picture: AFP PHOTO/MLADEN ANTONOV

Draft plan for closing Guantanamo jail to call for the transfer to US prisons of possibly dozens of inmates deemed too dangerous for release


Federal Reserve holds key US rate unchanged


Fed makes clear employment reports and other data updates will influence September meeting


Facebook profit dips, revenue surges on mobile ads

Mark Zuckerberg, Facebook’s co-founder and CE. Picture: REUTERS

World’s biggest social network sees higher expenses cut into its bottom line as it invests in new technologies


Toshiba cuts executives’ pay over accounting scandal

Masashi Muromachi, chairman and interim president of Toshiba Corporation (left) sits with Hisao Tanaka, outgoing president and chief executive officer, during a news conference in Tokyo, Japan, on Tuesday. Picture: BLOOMBERG/AKIO KON

Company says 16 executives will take temporary pay cuts while another resigns in wake of billion-dollar accounting scandal


German regulator orders Facebook to allow pseudonyms

Facebook’s Innovation and Entrepreneurship Lab — inaugurated during the launching of the ‘Facebook in the Community’ project in Sao Paulo, Brazil. Picture: AFP

Forcing users to stick to their real names violates privacy rights, says German authority, while Facebook declares authentic names protects people safety and privacy


Bail-out negotiations start amid push for more Greek reforms


Among politically sensitive measures initially held back are now expected include curbs on early retirement and changes in the taxation of farmers to close loopholes

Middle East

Iran hails new co-operation with France’s Total

Patrick Pouyanne. Picture: AFP PHOTO/ERIC PIERMONT

Iran looks forward to working closely with French energy company, Oil Minister Bijan Zanganeh tells Shana agency after meeting France’s foreign minister


VW overtakes Toyota to take lead in global sales

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

Volkswagen in first place as biggest vehicle maker three years ahead of its target


Venezuela debt default looms

Harvard economist Ricardo Hausmann suggested last year that Venezuela stop honouring its debt altogether. Picture: ROBERT BOTHA

Economists differ on diagnosis, write Katia Porzecanski and Sebastian Boyd


Dutch prime minister appeals to Putin ahead of MH17 tribunal vote at UN


Mark Rutte makes ‘urgent’ appeal to Russian President Vladimir Putin not to veto UN Security Council resolution to try those who shot down flight MH17 over Ukraine


AT HOME AND ABROAD: A world in political flux with some sharp lessons for SA

The rating agencies are looming over us, waiting to give this country junk status ratings

A tricycle rides over fur of raccoon dogs at a fur market in Chongfu county, Jiaxing, Zhejiang province. Picture: REUTERS/STRINGER/CHINA OUT

Fur trade a goldmine for China’s Olympic bid city

Proposed Winter Olympics co-host city boasts pristine ski slopes carpeted with artificial snow, but also home to thousands of caged rabbits and mink bred for skins


White House says Snowden should ‘come home, be judged’

Former CIA computer technician Edward Snowden. Picture: REUTERS

White House rejects call to pardon Edward Snowden, saying former intelligence contractor should ‘be judged by jury of his peers’ for leaking US government secrets


Thirty-five of Bill Cosby’s alleged victims speak out

This image courtesy of New York Magazine shows the cover of the July 27-Aug 9, 2015 edition featuring 35 women who have accused Bill Cosby of sexual assault. Picture: AFP/AMANDA DEMME/NEW YORK MAGAZINE

New York magazine cover story is largest exposé yet of alleged abuse from women who have publicly accused Bill Cosby of assault


A silver lining in Greece crisis?

Sirius and Redefine provide investors with a free option on the deutsche mark


Diageo dissolves Heineken venture to go solo in SA

Alcohol consumption. Picture: THE TIMES

Diageo to dissolve venture with Heineken in SA, neighbouring Namibia three years earlier than planned so distiller can fully own its operations in those countries


China pledges support after shares slump 8.5%

Picture: REUTERS

China will unleash more funds to stabilise its jittery share market, state media report, after Shanghai stocks post biggest daily fall for more than eight years


Air China to raise up to $1.93bn to fund aircraft order

Air China plane, with Chinese President Xi Jinping onboard, taxis shortly after landing in Ufa, Russia. Picture: REUTERS/BRICS/PHOTOHOST/RIA NOVOSTI

Air China aims to raise up to 12-billion yuan in private placement of A-shares to help fund purchase of 15 Boeing aircraft and upgrade its direct sales service


EU berates SA over letting Bashir escape

Omar al-Bashir. Picture: EPA/KIM LUDBROOK

European Union delegation says SA should have prevented Sudanese President Omar al-Bashir from leaving country as ANC maintains the country’s failure to arrest him 'for the greater good of humanity'


Hillary Clinton pledges to be America’s renewable energy president

Hilary Clinton. Picture: AFP/JEWEL SAMAD

Ms Clinton lays out ambitious plans to invest in solar, other renewable energy if elected president, drawing contrast with fossil-fuel-loving Republican rivals


The only six stocks that matter

New York Stock Exchange. Picture: BLOOMBERG/JIN LEE

Handful of companies have driven gains in major US stock indices this year, raising fresh concern about health of market

Middle East

Turkey could ‘tip Syria balance’ as Kurdish villages shelled

A left-wing activist throws a Molotov cocktail during clashes with Turkish riot police in Istanbul's Gazi district on Sunday. Picture: AFP PHOTO/BULENT KILIC

Prime Minister Ahmet Davutoglu says military intervention may tip the scales against Kurdish separatists and Islamic State jihadists in the region


Pacific treaty faces tough challenges in final leg


Trans-Pacific Partnership free trade and investment pact is shrouded in secrecy as negotiations head into the final stage

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  • All Share : 52053.2661
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  • ZAR/USD : 12.6808
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