The central banks of South Africa and the United States are expected to hike key interest rates this week following on from the European Central Bank’s recent decision to hike its interest rate by 75 basis points. SA Reserve Bank to hike rates again this week to contain inflation, support rand – Daily Maverick It’s …
SARB, Fed to hike interest rates by as much as 75 bps Read More »
Dutch businessman Ben van Beurden will relinquish his job as Dutch oil company Shell’s chief executive by the end of the year. He will make way for Lebanese-Canadian Wael Sawan, who has been serving as the company’s gas and renewables chief. Van Beurden has been with Shell for 39 years and has served the past …
Shell CEO to step down after nearly 10 years in the job Read More »
While Instagram continues to mould itself to look more and more like social media phenomenon TikTok, internal memos suggest the shift to short-form video content hasn’t translated to an increase in users and worse still, current users aren’t even making use of the feature. The Wall Street Journal reported that it has seen copies of …
Internal report shows Instagram is failing to attract TikTok users Read More »
Eve Jobs, the youngest daughter of Apple co-founder Steve Jobs, recently took to her Instagram to mock the new iPhone 14. The youngest of the Jobs clan shared a humorous meme depicting the latest iPhone as being no different from its predecessor, iPhone 13. While Jobs’ daughter may not like the new iPhone, consumers are betting …
Steve Jobs’ daughter mocks the new iPhone but pre-orders send Apple shares climbing Read More »
When the Fed raises interest rates to combat inflation, it usually is bad news for emerging markets, since it increases debt burden and put pressure on the local currency, according to a research paper from the Federal Reserve. And the situation could deteriorate further with high public and private debt, foreign exchange exposures, and lower …
Fed’s rate increase may spell bad news for emerging market Read More »
