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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,931 Episodes
80 – 100

Boris Johnson’s sabre rattling may just strengthen the EU

Negotiations between the UK and the EU on their future trade relations after Brexit were never going to be easy. After all, it took more than three years (and several near misses) just to agree the terms of Britain’s departure from the bloc. But talks were expected to stay within…
10 Sep 2020 7AM 3 min

Flawless white sparkler diamond could sell for $30m

Los Angeles — One of the world’s rarest diamonds, about the size of an egg or a large lollipop, is going up for auction next month and is expected to fetch $12m to $30m. Sotheby’s said on Thursday that the 102.39-carat diamond, a flawless white sparkler, was the second-largest oval…
10 Sep 2020 7AM 1 min

Scientists blame human-induced climate change for 2020’s wild weather

London — The planet is showing signs it is in peril. In recent weeks, the world has seen ferocious wildfires in the US west, torrential rains in Africa, weirdly warm temperatures on the surface of tropical oceans, and record heatwaves from California to the Siberian Arctic. This spate of wild…
10 Sep 2020 7AM 6 min

Koalas cause political chaos Down Under

Sydney — A dispute over koalas has created political chaos in Australia’s most populous state with a split in the New South Wales (NSW) governing coalition forming over policies designed to protect the animals. The centre-right Liberal party and the rural-focused Nationals have a decades-old partnership in both state and…
10 Sep 2020 6AM 2 min

Oil prices dip as US crude stockpiles rise

London — Oil prices dipped on Thursday after data showed US crude stockpiles rose last week and the US Energy Information Administration (EIA) downgraded its oil demand outlook, though the Brent benchmark stayed above $40 a barrel. US West Texas Intermediate (WTI) crude futures dipped 61c to $37.44 a barrel…
10 Sep 2020 5AM 2 min

Easy electricity deal backfires as Ghana now owed $1.4bn

Accra — Ghana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford. The deals’ terms require the government to pay for electricity generated even if there’s no demand for it. The move helped Ghana end its power crisis by 2016, boosting…
10 Sep 2020 5AM 3 min

Kenya targets climate change with grassroot funds

Nairobi — Exposed to both drought and flash floods, Makueni was one of the first counties in Kenya to set up its own fund to help small-scale farmers cope with worsening climate change impacts, and dedicate local resources to tackling the problem. Inhabitants of this water-scarce region southeast of Nairobi…
10 Sep 2020 4AM 5 min

Over 12,000 Lesbos migrants sleep on streets after huge fire destroys camp

Lesbos — Thousands of migrants slept rough on the Greek island of Lesbos on Thursday after a blaze razed their makeshift camp to the ground, sending them fleeing but with nowhere to go. Families slept on roadsides and in supermarket parking lots and fields across the island, which was at…
10 Sep 2020 4AM 2 min

RICHARD J GRANT: Perils of rising state power and dwindling personal rights

Much of SA history over the past century can be explained by a simple observation: not all corruption is due to socialism, but all socialism brings corruption. Apartheid was not a market phenomenon but a statist intervention to thwart the market relationships that would have brought people together in co-operative…
10 Sep 2020 4AM 8 min

Europe tackles fresh Covid-19 surge with targeted strategies

Paris/London/Berlin — Tucked in a side street of Paris’s bustling Boulevard du Montparnasse, a tidy bistro is struggling without executives talking business at lunch and tourists sampling the Japanese-inspired French delicacies in the evening. La Cette’s owner Xavier Bousquet is concerned tables will stay empty as the coronavirus flares up…
10 Sep 2020 4AM 5 min

Risk of load-shedding after Medupi equipment failure

There is an increased risk of load-shedding over the next 24 hours after a conveyor belt feeding coal into the Medupi generation units broke overnight, Eskom warned on Thursday. This means the four generation units in service are not able to take in the requisite amount of coal to generate…
10 Sep 2020 3AM 1 min

Biden campaign firm targeted by suspected Russian hackers, say sources

Washington — Microsoft recently alerted one of Democratic presidential candidate Joe Biden’s main election campaign advisory firms that it had been targeted by suspected Russian state-backed hackers, according to three people briefed on the matter. The hacking attempts targeted staff at Washington-based SKDKnickerbocker, a campaign strategy and communications firm working…
10 Sep 2020 3AM 2 min

Oil falls on rising US stockpiles and worries about sluggish demand

Singapore/Melbourne — Oil prices slid on Thursday after data showed US crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries. US West Texas Intermediate (WTI) crude futures fell 24 US cents, or 0.63%, to $37.81…
10 Sep 2020 2AM 2 min

Weaker dollar lifts gold to one-week high

Bengaluru — Gold steadied near a one-week high on Thursday as the dollar weakened, but the gold traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank’s (ECB’s) monetary policy decision due later in the day. Spot gold was flat…
10 Sep 2020 2AM 2 min

Wall Street bounce lifts Asian markets

Singapore/New York — Asia’s stock markets snapped their longest losing streak since February on Thursday and rose after a bounce on Wall Street, though subdued trade in currency, commodity and bond markets suggested investors remain cautious about the outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan gained half a…
10 Sep 2020 1AM 4 min

JSE faces mostly firmer Asian markets on Thursday

The JSE faces slightly firmer Asian markets on Thursday morning, with all eyes on the European Central Bank (ECB) policy meeting later. US markets recovered somewhat on Wednesday from a recent tech-led sell-off, while the rand has also mostly recovered from its fall after the release of Tuesday’s GDP figures…
10 Sep 2020 1AM 1 min

Oregon fires have destroyed hundreds of homes, says US state governor

Unprecedented fires in Oregon have all but destroyed five small towns and a record number of deaths is feared, governor Kate Brown said on Wednesday. Brown said hundreds of homes had been lost. Oregon was the hardest hit state in the US west, where nearly 100 extreme fires were stoked…
9 Sep 2020 6PM 1 min

Former Eskom chair says Lynne Brown and Guptas forced him out

Eskom's former board chair, Zola Tsotsi, on Wednesday told the state capture commission that his dramatic resignation in 2015 was premeditated by his colleagues acting in cahoots with then-public enterprises minister Lynne Brown. Tsotsi was concluding two days of testimony in which he laid bare how the Gupta family called…
9 Sep 2020 5PM 2 min
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