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Just seconds into his official announcement that shooting-star electric auto company Faraday Future had picked the Apex industrial site for its $1 billion manufacturing facility, Sandoval reminded those assembled in the lobby of the Sawyer Building that Nevada had climbed out of...

The South African Property Owners Association (Sapoa) has expressed their disappointment at the decision by President Jacob Zuma to remove Finance Minister Nhlanhla Nene.

On the back of a softening in growth and increasingly dovish noises from the Bank of England, some 35 per cent of people now expect United Kingdom interest rates to rise in the coming year, down from 50 per cent in August, according to research by the central bank.

The Wall Street Journal reported on Tuesday that Yahoo’s board will meet several times this week, during which the company’s directors will consider whether to sell Yahoo’s lucrative stake in Alibaba, the company’s core Internet business, or both. These...

The minutes of the Bank’s latest policy meeting showed it was in no hurry to match an expected rate hike by the U.S. Federal Reserve next week as there was “no mechanical link” between the Bank’s thinking and that of other central banks.

In January, when Yahoo announced plans to spin off its $31 billion stake in Chinese e-commerce giant Alibaba, there was talk of how it would liberate Yahoo to focus on its core business.

Rather than spin off the Alibaba stake into a new group, Yahoo will package its core business and stake in Yahoo!

As expected, the MPC voted by eight votes to one to leave rates unchanged and by nine votes to nil to maintain its money-printing programme at its current level. Another $26 billion in six-month bills was auctioned at a discount rate of 0.535 per cent, up from 0.415 per cent last week.

Officials added that there would have to be a sustained firming in the domestic cost pressures to push inflation up to the target of 2%.

Lower prices for American goods exported overseas are pressuring profit margins for corporations. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in almost a decade. The four-week moving average of claims,...

South Africa’s currency fell close to a record low against the dollar on Thursday morning as the markets were digesting the news.

“The company will voluntarily recall 3.23 lakh vehicles which have been fitted with the E189 engines that are equipped with defeat device”, a senior government official said. Together with this, if the allegations are proven true, then chances are that the German...

“Even writing off such a huge debt by the Congress Party can legitimately attract allegations of cheating, fraud, etc”.

It essentially combines a checkout payment system with app functionality, which allows customers to also locate items in-store or pick up items they have reserved. The retailer is hoping that its customers will embrace the mobile payment system more than consumers have flocked to...

Chinese e-commerce giant Alibaba says it’s buying Hong Kong’s leading English language newspaper, the South China Morning Post. We believe we can do this because the SCMP, from its base in Hong Kong, is uniquely positioned to report on China with objectivity, depth...