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BusinessLIVE - For Your Ear

Listen to the latest BusinessLIVE articles from the news desk of Business Day, Financial Mail and the Business Times.

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Daily English South Africa Business News · News
12,928 Episodes
24 – 44

US police open arson probe as more deaths expected in Oregon

Ashland, Oregon — Arson investigators have opened a probe into the suspicious origins of a deadly Oregon wildfire that began in the town of Ashland and destroyed hundreds of homes in nearby communities, Ashland's police chief said on Thursday. The remains of two victims have been found in ruins from…
11 Sep 2020 6AM 3 min

Trump and Biden to commemorate of 9/11 attacks

Washington — US President Donald Trump and Democratic challenger Joe Biden will commemorate the 19th anniversary of the September 11 attacks on Friday, with both candidates separately visiting the rural Pennsylvania field where one of the hijacked planes crashed. Biden and his wife Jill will first attend a morning ceremony…
11 Sep 2020 6AM 2 min

Oil falls for second day as US stockpiles rise again

London — Oil prices fell for a second day and were on track for a second weekly fall after US stock markets tumbled and US stockpiles rose unexpectedly. Brent was down 12c, or 0.3%, at $39.94 a barrel by 8.41am GMT, after falling nearly 2% on Thursday, while US crude…
11 Sep 2020 6AM 2 min

Global shares struggle after US tech stocks fall again

London/Tokyo — European shares struggled for momentum on Friday as doubts about extra monetary stimulus and overnight falls in US big tech shares kept investors on edge. Elevated fears over a messy hard Brexit added to the bearish sentiment, putting sterling on track for its worst week since March after…
11 Sep 2020 6AM 4 min

China likely to halt German pork imports due to case of African swine fever

Kuala Lumpur/Beijing — Nervousness is mounting over whether top pork consumer China will halt imports of the meat from Europe’s biggest producer on concerns about a pig-killing disease. Germany, which counts on China as a key pork market, confirmed a case of African swine fever on Thursday. That’s already caused…
11 Sep 2020 6AM 1 min

Macron should stop talking Turkey because Turkey will just keep talking back

For Emmanuel Macron, the moment of truth is approaching at a rate of knots. The French president has again fired off rhetorical broadsides at his Turkish counterpart over the crisis in the Eastern Mediterranean. But words are not going to break Recep Tayyip Erdoğan’s bones, and Macron will struggle to…
11 Sep 2020 5AM 3 min

Trust in a Covid-19 vaccine varies widely, and that could be a deadly problem

Radically different opinions around the world on the safety, effectiveness and importance of vaccines highlight the challenge facing health officials once a Covid-19 shot arrives. In countries such as South Korea, Indonesia, Pakistan and Poland, confidence in vaccines has declined in recent years, according to a study published on Thursday…
11 Sep 2020 5AM 3 min

WACH: Stock picks — GlaxoSmithKline and Apple

Graeme Körner from Körner Perspective ( GlaxoSmithKline as his stock pick of the day and Mia Kruger from Kruger Internationals ( chose Apple. Körner said: “I’m going for GlaxoSmithKline. I think it’s an amazing OTC [over the counter] portfolio and strong in vaccines. It also has a good pharma portfolio…
11 Sep 2020 4AM 1 min

Trump’s rehashed promises on China risks giving Biden the upper hand

President Donald Trump is reviving his 2016 campaign playbook on attacking China, but running as the incumbent means defending a record of only limited success in rewriting the economic relationship with Beijing. Much of what the Trump team has laid out in recent weeks sounds like campaign promises made four…
11 Sep 2020 4AM 5 min

Europe to blame for burning of Moria refugee camp

It almost doesn’t matter who started the fires this week in the squalid refugee camp on Lesbos called Moria, leaving thousands to sleep on the streets. It could have been the desperate migrants, dwelling in cramped tents without clean toilets and forced by Covid-19 to “quarantine,” whatever that may mean…
11 Sep 2020 3AM 5 min

Gold dips as dollar gains ground

Gold prices fell on Friday as the US dollar rebounded, but was on track for a weekly gain underpinned by worries over a global economic recovery from the coronavirus-led slump. Spot gold was down 0.8% at $1,938.53/oz at 3.08am GMT, after hitting its best level since September 2 at $1,965.94/oz…
11 Sep 2020 2AM 2 min

Asian shares falter as sell-off on Wall St resumes

Tokyo — Asian shares struggled to stem a bearish mood on Friday after US big tech firm shares fell again overnight on growing doubts about US stimulus and worries about their stretched valuations. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2%, hovering just above a one-month trough touched…
11 Sep 2020 1AM 3 min

Oil extends losses on demand concerns

Tokyo — Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels. Brent crude was down 18c, or 0.5%, at $39.88 a barrel by 3.37am GMT, after falling nearly 2% on Thursday, while…
11 Sep 2020 1AM 2 min

JSE faces mixed Asian markets on Friday

The JSE faces mixed Asian markets on Friday morning, with trade in US markets volatile overnight as tech stocks continue to be sold off. Tech stocks have fared well so far in 2020, and have been under pressure in September, in what some analysts said was an inevitable correction. What…
11 Sep 2020 1AM 1 min

First case of African swine fever found in Germany

Berlin — African swine fever, a deadly pig disease, has materialised in Germany for the first time, threatening to hammer exports from Europe’s biggest pork-producing nation. A confirmed case of African swine fever has been identified in the eastern state of Brandenburg, agriculture minister Julia Kloeckner said on Thursday at…
10 Sep 2020 5PM 4 min

Wall Street closes lower as tech stocks resume fall

New York — US stocks closed lower after a choppy trading session on Thursday as heavyweight tech-related stocks resumed their decline after a sharp rebound the previous session, while elevated jobless claims reminded investors of a difficult recovery ahead. Names that have rallied since March lows, such as Apple, Microsoft…
10 Sep 2020 4PM 3 min

TELITA SNYCKERS: How SA loses from tobacco’s hidden tax breaks

With the government facing a budget shortfall of R1.1-trillion an tax collections 20% lower than last year, you’d think it would be happy for whatever extra revenue it could get. At the annual Tax Indaba this week, Keith Engel, the CEO of the SA Institute of Tax Professionals, spoke of…
10 Sep 2020 4PM 5 min
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