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South Africa fuel tanker blast death toll rises to 15
The death toll from a fuel tanker explosion in a South African city east of Johannesburg has risen to 15, the health minister said Sunday. "Yesterday (Saturday), the death toll was at 10 people and now we are sitting at 15 as of this morning," Joe Phaahla told reporters at Tambo Memorial Hospital.
Inquiry into 2019 Ethiopian Air crash confirms software failure
A 2019 Ethiopian Airlines plane crash which killed 157 people was caused by a flight software failure as suspected, the country's transport minister said Friday citing the investigators' final report.
Ukraine estimates grain harvest fell around 40%
Ukraine estimates its grain harvest fell by around 40 percent year on year due to the Russian invasion, a representative for the country's industry told AFP Friday. "We expect a grain harvest of 65-66 million tonnes" by the end of the year, the head of the Ukrainian Grain Association Sergiy Ivashchenko said, following a record harvest of 106 million tonnes last year.
S.Africa's Eskom warns of long electricity crisis
Beleaguered electricity firm Eskom warned South Africans on Friday to brace for a prolonged electricity crisis as it struggles to power up the continent’s most advanced economy. South Africa has endured electricity shortages for the past 15 years, but power cuts reached new extremes this year, which Eskom blames on sabotage, crime and ageing power stations.
US spending bill gives Boeing reprieve on latest MAX models
Boeing has won a reprieve from a regulatory deadline for the new versions of the 737 MAX under the $1.7 trillion spending bill approved by Congress on Friday.
US Fed's preferred inflation gauge eases while spending stalls
A key indicator of US inflation edged down in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, the Commerce Department data showed.
New home sales in US post surprise jump in November
Sales of new homes in the US bounced unexpectedly in November despite high mortgage rates, official data showed Friday, with low inventories of existing homes likely nudging buyers into the market for new properties. Monthly data can be volatile, and economists have cited a lack of existing inventory as a reason that buyers are turning to new properties.
US Fed's preferred inflation gauge eases in November
A key indicator of US inflation edged down from a year ago in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, official data showed.
Shell to pay 15 mn euros to Nigerian farmers over pollution
Shell said Friday it will pay 15 million euros to Nigerian farmers to compensate them for damage from pipeline leaks. Four Nigerian farmers and fishermen sued Shell in the Netherlands to pay for cleaning up spills from its pipelines in the Niger river delta, a major oil-producing region.
AFP
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