Business and Economy

Business and Economy Latest News

South African GDP rebounds to scale new peak
South African GDP rebounds to scale new peak
by  AFP

South Africa's economy rebounded beyond pre-Covid levels in the third quarter of 2022 to reach its highest-ever peak, official data showed Tuesday. "The size of the economy now exceeds pre-pandemic levels," the official statistics agency said in a statement.

Biden celebrates giant semiconductor project
Biden celebrates giant semiconductor project
by  AFP

President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

EU agrees ban on imports driving deforestation
EU agrees ban on imports driving deforestation
by  AFP

The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation. The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

Energy

Money

Industry

Technology

Economy