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S.Africa's Eskom warns of long electricity crisis
S.Africa's Eskom warns of long electricity crisis
by  AFP

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 Fed's preferred inflation gauge eases while spending stalls
US Fed's preferred inflation gauge eases while spending stalls
by  AFP

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.

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