Thousands of people demonstrated in Berlin on Saturday calling for food prices to be controlled and for the rich to face higher taxes as Germany faces a cost of living crisis. , the demonstrators marched through the German capital after a call by left-wing organisations to protest against soaring prices and rents.
An average $55 million has been siphoned off every month from South Africa's energy firm Eskom which is battling to supply power, a former CEO told lawmakers on Wednesday. Andre de Ruyter said an estimated one billion rand ($55 million) "is stolen from Eskom" each month.
As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status. "In many developing countries there is desire to be less dependent on the dollar, particularly on the trade side," said Paola Subacchi, professor of International Economics at the Global Policy Institute at Queen Mary University of London.
Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming and leaving the blockbuster deal in peril. Yet it argued on Wednesday that the video games market needed competition to thrive.
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