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South African GDP shrinks, hit by floods, energy crisis
South African GDP shrinks, hit by floods, energy crisis
by  AFP

South Africa's economy shrank in the second quarter, as floods and an energy crisis put a halt to months of growth, official data showed Tuesday. The dip in output after two consecutive quarters of modest growth dragged Africa's most industrialised economy back below pre-coronavirus pandemic levels.

More European energy firms get state aid as prices soar
More European energy firms get state aid as prices soar
by  AFP

Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine. Gas prices have soared since Russia invaded Ukraine.

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