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Stock markets plunge on devastating growth data

by sundelbolong | Apr 30, 2020 | Business & Finance News

Stock markets plunged on Thursday after economic growth data confirmed fears of Covid-19’s bruising impact on the world economy. Key eurozone markets were more than 2% down at the close, while London dropped even more sharply. On Wall Street the Dow Jones index...

OPINION | Air travel shutdowns herald peak oil demand

by sundelbolong | Apr 30, 2020 | Business & Finance News

Fly from New York to London, and you may occasionally travel back in time. British Airways flies more Boeing 747-400s than any other passenger airline, roughly one in five of those still in operation. Every so often, a Trans-Atlantic trip involves trying to catch a...

Court dismisses Solidarity challenge to ‘unlawful’ coronavirus fund

by sundelbolong | Apr 30, 2020 | Business & Finance News

Trade union Solidarity is heading to the Constitutional Court after it failed in its bid to have the empowerment-based criteria for the allocation of coronavirus relief funds to tourism businesses affected by the pandemic declared unlawful. Solidarity and its civil...

JSE erases earlier gains as global economy exhibits more strain

by sundelbolong | Apr 30, 2020 | Business & Finance News

The JSE reversed earlier gains in the afternoon session as it slumped to close weaker on Thursday. The local bourse had managed to open firmer following a rally in Asian stocks in earlier trading. However, the turn was brought about by a flurry of weak readings across...

Kulula.com owner expects airline to only return to the skies in October, November

by sundelbolong | Apr 30, 2020 | Business & Finance News

South Africa’s airline industry looks set to remain in crisis territory for the rest of the year with Comair, the owner of kulula.com and the local operator for British Airways, now expecting to only resume operations in either October or November. The airline has not...
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