• Friday, September 04 2015
  • JSE Sens


Hungary allows migrants to travel to Austria

Migrants board a train at Keleti Railway Station, in Budapest, Hungary, on Thursday. Picture: EPA/ZOLTAN BALOGH

Hundreds of migrants leave Budapest while trains to Vienna and beyond to Germany cancelled leaving travellers in limbo


Data bringing Iceland in from the cold

Helgi Helgason, senior facility manager at Verne Global, in the company’s data centre in Keflavik, Iceland. The island has sought to reinvent itself as a secure data haven. Picture: BLOOMBERG/ARNALDUR HALLDORSSON

Country banking on storage boom to end financial isolation, writes Alexander Tange


China announces it will cut troop levels

Chinese troops march at a parade marking the 70th anniversary of the end of the Second World War. Picture: REUTERS/ROLEX DELA PENA

President Xi Jinping says country will reduce troop numbers as it holds display of military might in parade to commemorate victory over Japan in Second World War


Growing number of analysts now see US rates on hold in September

The sun rises to the east of the US Federal Reserve building in Washington DC.  Picture: REUTERS

Analysts believe Fed will not raise interest rates this month due to extreme volatility in global markets, indications of slower than expected growth in world economy


Photos of drowned Syrian boy shock world as refugee crisis grows

A Turkish police officer stands next to a migrant child’s dead body off the shores in Bodrum, southern Turkey, on Wednesday after a boat carrying refugees sank while reaching the Greek island of Kos. Picture: AFP

Harrowing pictures of a drowned Syrian toddler washed up on Turkish beach bring home horror of escalating refugee crisis


EDITORIAL: Finally, sense prevailed on Iran nuclear

Barack Obama. Picture: AFP PHOTO/NICHOLAS KAMM

US congressional vote on Iran nuclear deal lifts lid on deficient Republican world view. Focus of political pundits has understandably been on US President Barack Obama’s victory in getting the Iran nuclear weapons deal over the line on a fractured Capitol Hill


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


EU frowns on Scottish booze plan

European Court opposes Scotland’s plan for alcohol price controls because of market distortions


NEWS ANALYSIS: SA and Nigeria feel the pain of China’s new focus


Neglected infrastructure looks set to keep the continent reliant on commodities


Stars of Greek debt drama part ways over bail-out

Alexis Tsipras, right, and Yanis Varoufakis talk during the first round of a presidential vote at the Greek parliament in Athens in February. The fearsome duo, who took Greek politics by storm, have since had a serious fallout over Greece’s bail-out deal. Picture: REUTERS/ALKIS KONSTANTINDIS

Split between Alexis Tsipras and his former finance minister epitomises Greece’s struggles with austerity


Brazil’s president says Uber costs jobs, needs regulation

Brazilian President Dilma Rousseff. Picture: REUTERS

President Dilma Rousseff criticises ride-sharing software for increasing unemployment, adding to chorus of labour concerns about world’s most valuable venture-backed start-up


At least 14 killed as boat capsizes off Malaysia

Maltese marines toss bottles of water to a group of immigrants whose vessel suffered engine trouble about 30km southwest of Malta. File picture:REUTERS

Boat believed to be carrying dozens of Indonesian illegal immigrants has capsized off Malaysian coast, was heading for Sumatra when accident happened


Passengers evacuated after fire at Moscow airport

Passengers planes are parked on the tarmac of Moscow's Sheremetyevo airport, Russia. Picture:  REUTERS/SERGEI KARPUKHIN/FILES

Domodedovo International Airport is briefly evacuated, about 40 flights delayed after fire breaks out in the baggage handling area


Obama secures key vote to protect Iran nuclear deal

Barack Obama. Picture: AFP PHOTO/NICHOLAS KAMM

President Barack Obama secures 34th Senate vote needed to sustain a veto of any congressional resolution disapproving a nuclear deal with Iran, ensuring accord will not fail in Congress

International companies

Retail & Consumer

Lindt seeks sweet spot with boutique

Boxes containing chocolate on displayed at Swiss chocolatier Lindt & Spruengli in Kilchberg, near Zurich. The confectionery maker plans to open its first shop in South Africa. Picture: REUTERS/ARND WEIGMANN

Switzerland-listed Lindt & Sprüngli to open first boutique in South Africa for premium chocolate lovers


Steel bosses see mines as chasing phantoms

Voestalpine CE Wolfgang Eder at the company's headquarters in Linz, Austria. Picture: BLOOMBERG/AKOS STILLER

Steel industry scion perplexed by denial among biggest iron-ore mines of new reality


Volkswagen board says Winterkorn to remain as CEO

Volkswagen CEO Martin Winterkorn arrives at a company shareholders' meeting in Hamburg, Germany. Picture: BLOOMBERG/MICHELE TANUSSIS

Proposal opens door to appointment of an outsider as strong independent chairman to replace Ferdinand Piech

Judge grants Uber drivers’ bid to be staff

Ruling allows drivers to challenge status as contractors to entitle them to unemployment and workers’ compensation and right to form unions


Apple’s latest challenge: topping its own success

Apple is able to tie different products and activities into comprehensive packages of services. Instead of just producing a personal computer or its operating software, Apple pioneered a vision of delivering the whole package of hardware such as one sees with the iPhone. Picture: REUTERS/CARLO ALLEGRI

As Apple prepares to introduce latest iPhones next week, company’s biggest challenge is one of its making: how to top its own success


New Carlsberg CEO warns of lower profit

CHEERS: Danish brewer Carlsberg’s first-quarter operating profit and revenue beat forecasts on Tuesday. Picture: REUTERS

Cees ’t Hart says he will review company’s strategy after a poor second quarter forced world’s fourth-largest brewer to cut its profit outlook for the year


ECB to cut inflation forecast but hold back from concrete action

European Central Bank. Picture: EPA/BORIS ROESSLER

ECB is set to cut inflation forecasts but hold back from concrete policy action, promising only to beef up bond-buying programme if prospects weaken further

Middle East

Syria’s ailing water network could spark epidemics

The damaged wall of Aleppo Citadel following a reported explosion the previous night in a tunnel near the monumental 13th fortress. Picture: AFP

Heavily damaged by bombs and shelling, water network is at risk of collapse, increasing threat of deadly typhoid or cholera outbreaks, International Committee of the Red Cross says


IMF warns G-20 of increasing downside risks to global economy

Picture: REUTERS

Downside risks to global economy have risen and combination of threats including slower growth in China, rising market volatility could severely cut outlook


Novartis makes history with US launch of ‘biosimilar’ drug

A Novartis logo on its headquarters in Mumbai, India. Picture: REUTERS

Novartis starts new era in US medicine with launch of first ‘biosimilar’ copy of biotechnology drug approved in US, following green light from appeals court


White elephants abound in India’s aviation plan


Failure to co-ordinate leaves new airports unused while hubs burst at the seams, writes Tommy Wilkes


Satellites pick up surge in forest loss


Analysts warn of rapid loss of forests in Cambodia, parts of West Africa and Madagascar as well as Gran Chaco region of South America


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


Seoul proposes peace talks with China and Japan

Chinese President Xi Jinping (centre) meets delegates to the Great Hall Of The People in Beijing, China, on Tuesday. Picture: REUTERS/LINTAO ZHATAO

Southeast Asian leaders set up meeting next month as co-operation between China, Japan and South Korea gains traction as route to stability in region


Shrinking Exit Glacier a powerful sign of warming climate

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

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

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


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


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


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


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

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

Olympic logo joins stadium in the bin

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


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


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


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%


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


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


Rebekah Brooks returns as UK News Corp’s CE

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

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


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


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


Google redesigns iconic logo for the fifth time

New Google logo. Picture: AFP/GOOGLE

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


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

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