Economy

Big U.S. companies form group to boost hiring of minorities in New York

“Today’s economic crisis is exacerbating economic and racial divides and exposing systemic barriers to opportunity”, Dimon said in an opinion piece in the Wall Street Journal on Monday, adding that often high-achieving people across New York were not given opportunities at the city’s top employers.

South African rand weakens in cautious trade

JOHANNESBURG (Reuters) - South Africa’s rand weakened early on Tuesday, remaining on the back foot after a national holiday that kept liquidity...

Hong Kong goods for export to U.S. to be labelled made in China

The United States on Friday imposed sanctions on Hong Kong Chief Executive Carrie Lam and the city’s current and former police chiefs accused of curtailing political freedoms in the former British colony.

UK suffers biggest job losses since 2009 as COVID hits

The unemployment rate unexpectedly held at 3.9% but that reflected an increase in people who had given up looking for work and who were therefore not considered to be unemployed, and people who said they were in work but were getting no pay.

Nigeria to reopen for international air travel in weeks

“It will be in weeks rather than in months,” Minister of Aviation Hadi Sirika told a regular briefing in the capital Abuja on coronavirus.

Job cuts announced by U.S. companies jump 54% in July: report

“The downturn is far from over, especially as COVID cases rise around the country,” said Andrew Challenger, senior vice president at Challenger, Gray. “Consumers are buying fewer goods and services, businesses are closing, and bankruptcies are rising.”

South Africa’s rand weaker in tentative trade

JOHANNESBURG (Reuters) - South Africa’s rand weakened early on Thursday, remaining near two-months lows, as investors continued to worry about the chances...

South African rand creeps up after slipping to two-month low

JOHANNESBURG (Reuters) - South Africa’s rand inched up on Wednesday after dropping to two-months lows the day before, as some risk demand...

South Africa’s sharp economic downturn extends into July – PMI

JOHANNESBURG (Reuters) - South Africa’s economic downturn extended into last month, though businesses still reeling from the impact of the COVID-19 pandemic...

South Africa’s rand steadies as investors seek fresh recovery signals

JOHANNESBURG (Reuters) - South Africa’s rand firmed slightly early on Tuesday, pausing after a five-session long steep slide as demand for U.S....

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