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Why police rule out Islamic State link to Munich shooting

Young women look at floral tributes near the Olympia shopping mall, where a gunmen killed several people at a mall in Munich, Germany July 23, 2016. Picture: REUTERS

Killer was born and raised in Munich, spent time in psychiatric care and investigations give no reason to believe he had not acted alone


Christine Lagarde to stand trial over huge payout to businessman

Christine Lagarde, Managing director of the International Monetary Fund (IMF) who capped a week of warnings by heavy-hitting supporters of Britain staying in the European Union, all unanimous in their view of the dire consequences of a so-called Brexit.  Picture: EPA/LUKE MACGREGOR

The IMF chief was placed under formal investigation in 2014 over her handling of a dispute with tycoon Bernard Tapie regarding the sale of sports gear giant Adidas


CE’s departure ushers in new era for Fox News

Roger Ailes, chairman and CEO of Fox News and Fox Television Stations. Picture: REUTERS/FRED PROUSER

Resignation of channel’s chairman and CE in the wake of a sexual-harassment scandal raises questions about how the cable news powerhouse will adapt to the change


WATCH: Rocky ride ahead for SA and EU after Brexit

Will Brexit bring down the EU? And how will it affect emerging markets? Investec Wealth & Investment expert Annelise Peers looks ahead



What does the Wolf of Wall Street have to do with the looting of 1MDB?

WELL SUITED: Leonardo Di Caprio as Jordan Belfort in Martin Scorsese's The Wolf of Wall Street (2013), based on the true story of the rise and fall of a stockbroker on New York's Wall Street.

The case of the Malaysian sovereign wealth fund 1MDB is unusually large and involves some out-of-the-ordinary assets


Eurozone growth at slowest in 18 months

Picture: REUTERS

Germany and France performed well but overall eurozone PMI fell and the rest of the region combined experienced the weakest rise in activity since 2012


Trump camp’s flaying of Ted Cruz is political malpractice

Republican US presidential candidate Donald Trump signs autographs after a rally with supporters in Albuquerque, New Mexico on Tuesday. Picture: REUTERS

Endorsing Donald Trump was never a condition for the senator’s address to the party’s convention, and his stance should have been foreseen

A British flag flutters in front of a window in London, the UK, after the vote to leave the European Union. Picture: REUTERS/REINHARD KRAUSE

Brexit fear bargains to be had for private investors

Opportunities must be approached with caution as fund managers may have good reason to shun an under-priced blue chip share, writes Katherine Barber


German-Iranian gunman kills nine in Munich shopping mall

A group of grieving people is seen at an intersection near a shopping centre following a shooting incident in Munich, Germany in which ten people, including the suspect died and 16 were hospitalized. Picture:  EPA/MATTHIAS BALK

City police chief says premature to say whether incident was a terrorist attack


Hopes fade of finding the final resting place of doomed flight MH370

Wang Zhuncai  whose daughter was aboard Malaysia Airlines flight MH370. Picture: REUTERS

With the designated search area due to be fully scanned within weeks, Malaysian, Australian and Chinese officials say the search will be suspended if nothing is found


Bank of Japan expected to maintain rosy outlook for 2018

Japan's prime minister and leader of the ruling Liberal Democratic Party Shinzo Abe addresses a news conference in Tokyo, Japan. Picture: REUTERS/TORU HANAI

The BoJ now expects core consumer inflation to hit 1.7% in the next fiscal year beginning in April 2017, far above private forecasts of 0.8%


Merkel offers May more time for Brexit process

German Chancellor Angela Merkel  (left) greets British Prime Minister Theresa May at the Chancellery in Berlin, Germany, on Tuesday. Picture: EPA/MICHAEL KAPPELER

German Chancellor Angela Merkel is resisting pressure from some EU leaders to press Britain’s new leader into triggering a divorce clause


Hammond plans to allay Brexit fears at G-20 meeting

GLOBAL CONCERN:  European Central Bank president Mario Draghi, centre, gestures as US Fed chairwoman Janet Yellen, left, and US Treasury Secretary Jack Lew pose for a photo ahead of a Group of Seven meeting in May. Picture: BLOOMBERG/TOMOHIRO OHSUMI

Finance chiefs from the Group of 20 want a smooth exit from the EU and minimise the damage to the fragile global economy


Comparing the candidates running for White House

CHOSEN:  Republican US presidential nominee Donald Trump, centre, greets family members after arriving before an event on the sidelines of the Republican National Convention in Cleveland, the US, on Wednesday. Picture: REUTERS

The Brexit fallout and likely US leader in the spotlight at the latest Group of 20 finance ministers and central bankers meeting

International companies


Vodafone reports better than expected 2.2% rise in Q1 revenue

A customer waits outside the shuttered entrance of a Vodafone store ahead of opening in London. Picture: BLOOMBERG

It attributed the increase to strong performance in Spain and Germany, and listed SA as one of the countries in which the group had excellent performance


Thales posts stronger than expected underlying sales and profits

Picture: ISTOCK

It does not expect as strong a performance in the second half, citing a tough basis of comparison for the loss-making transport division and higher restructuring cost


Forex losses take bite out of China Investment Corporation’s profit

China's yuan. Picture: REUTERS/KIM KYNG-HOON

Sovereign wealth fund reports a 17% fall in net profit for 2015, its lowest profit since 2011, due to negative returns on overseas investments and foreign exchange losses

EARLY BIRD: Samsung Electronics posted a better-than-expected first-quarter profit after the early release of Galaxy S7 smartphones. Picture: REUTERS/KIM HONG

Samsung Electronics sues Huawei Technologies for patent infringements

Huawei sued Samsung in May, accusing it of infringing patents for 4G cellular communications technology, operating systems and user interface software

Telecoms & Technology

China’s WeChat takes on WhatsApp in Africa

Picture: ISTOCK

WhatsApp is more widely used than WeChat, which although almost unknown in some parts of Africa has a suite of additional features


Erdogan declares state of emergency in Turkey

A supporter holds a flag depicting Turkish President Recep Tayyip Erdogan during a demonstration in Ankara, Turkey, on Wednesday. Picture: REUTERS/BAZ RATNER

Turkey’s embattled leader vows to hunt down the ‘terrorist’ group, blames US-based cleric Fethullah Gulen for failed coup bid, and defends a wave of nearly 50,000 arrests


Private-sector growth at 2016 high, in spite of Brexit


The outlook for the German economy is encouraging and it appears that the Brexit vote is having very little effect, one economist says


I alone can fix America, says ‘humble’ Trump

US Republican presidential candidate Donald Trump speaks following victory in the New York state primary on Tuesday in New York City. Picture: AFP

Republican rank-and-file lap up a populist acceptance speech in which Donald Trump casts himself as the ‘law and order’ candidate


Bowing to pressure on South China Sea may be hard to swallow for China

Picture:  REUTERS

China’s dilemma: continue expansion into and militarisation of South China Sea, or succumb to international pressure


Lira falls after university purge in Turkey

Supporters of Turkish President Tayyip Erdogan gather in Istanbul, Turkey, on Tuesday. Turkey has ordered faculty heads at all the country’s universities to resign. Picture: REUTERS/ALKIS KONSTANTINIDIS

Turkey’s Council of Higher Education orders the resignation of 1,577 deans at state and private universities, sparking fear of increased state control over education


HSBC pair charged over forex rigging

A taxi drives past a branch of the HSBC bank in central London. Picture: REUTERS

Senior manager arrested and charged alongside former foreign exchange executive with engaging in a scheme to front-run $3.5bn transaction by one of HSBC’s clients


Johnson assures SA of professionalism

BREXIT:  Who was responsible for the duplicitous Leave campaign? Boris Johnson? Anyone? Picture: REUTERS/TOBY MELVILLE

British Foreign Secretary looks forward to visiting Africa and says his previous racist jibes ‘taken out of context’


AB InBev, SABMiller deal wins US approval, adds craft beer protections

Approval comes with a number of stipulations and is notable after the regulatory authority derailed several recent megamergers over antitrust concerns


Renowned journalist Pavel Sheremet killed in Kiev

An investigator inspects a damaged car at the site where journalist Pavel Sheremet was killed by a car bomb in central Kiev, Ukraine, July 20, 2016. Picture: REUTERS/VALENTYN OGIRENKO

The Ukrainska Pravda reporter died when an explosion tore through the car he was in


Britain relinquishes rotating EU presidency, Belgium puts up hand

British Prime Minister Theresa May arrives at Downing Street in London, the UK. Picture: REUTERS/NEIL HALL

Britain was to succeed Malta as head of the European Council from July to December 2017, but has decided to relinquish the rotating role in wake of Brexit vote


Legal process may keep cleric in US for years

A handout file picture provided by Zaman Turkish Daily newspaper shows Fethullah Gulen posing during an interview at his residence in Pennsylvania, USA, in 2014.  Picture: EPA/SELAHATTIN SEVI

Turkey faces significant hurdles if it requests extradition of US-based cleric Fethullah Gulen


Merkel offers May more time for Brexit process

German Chancellor Angela Merkel  (left) greets British Prime Minister Theresa May at the Chancellery in Berlin, Germany, on Tuesday. Picture: EPA/MICHAEL KAPPELER

German Chancellor Angela Merkel is resisting pressure from some EU leaders to press Britain’s new leader into triggering a divorce clause


Domino’s beats estimates — and Pizza Hut

A Domino's outlet in the US. Picture: TASTE HOLDINGS

Franchisees’ demand for products and services boosts revenue, while company-owned US stores posted strong sales growth, against flat sales at its rival


STRAIGHT TALK: Alliances in a splintered world

The world is in mess, and to integrate or not is at the heart of the matter

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