Daily Maverick In direct contact with investors – invested amounts range from less than R15,000 to over R500,000 in several instances. The victims are mostly between the ages of 30 and 50, with a large number of young investors between the ages of 2 and 30 and at least two retirees. Many are afraid to … Read more
If you – how do we put this? – A little longer in the tooth, you might not have noticed that there are not one but two very important events of the present moment that your children and perhaps even your grandchildren may consider. I’m referring, of course, to the world tours of Taylor Swift … Read more
What difference a few months makes. In October last year, the International Monetary Fund cut its forecast for global economic growth to 2.7% from 2.9% and warned of an imminent recession. After a few weeks, he said things were looking “much darker”. Read more at The Daily Maverick: IMF’s global growth outlook worsens from ‘bleak’ … Read more
South African Environment Minister Barbara Crease rejected appeals from five environmental groups that sought to block the company from applying for approval to install a 450-megawatt gas-fired facility at the port of Richards Bay on the northeast coast, according to a ruling seen by Bloomberg. In a separate decision, it allowed Karpowership to pursue environmental … Read more
Second-quarter revenue, which rose 11% to 3.18 billion euros ($3.51 billion), beat the average estimate of 3.21 billion euros. Sales for this period will be around 3.3 billion euros, the company says He said Tuesday, shy of the 3.42 billion euros expected by analysts. Shares of Spotify, which ended the quarter with 551 million active … Read more
The International Monetary Fund said in an update that global GDP will expand by 3% in 2023 World Economic Outlook Released Tuesday. While this is still a slowdown from 3.5% growth last year, it is faster than its forecast of 2.8% in April. The IMF said: “The recent solution to the US debt ceiling crisis … Read more
Warner told Staley, “He’s one of the most connected people I know in New York.” documents Filed in Manhattan federal court on Monday. The documents showed Epstein would go on to generate more than $8 million in revenue for JPMorgan’s private investment banking business. The financier has referred the roll call of US billionaires to … Read more
On Sunday, in the middle of a quiet summer vacation, Elon Musk made the decision to change Twitter’s product name to an “X,” and that it would get rid of the bird logo and all associated words, including “tweet.” Musk’s move wiped out between $4 billion and $20 billion in value, according to analysts and … Read more
“In the short term, the price is definitely going up, it’s just a matter of how high it goes,” said Chokyat Ophasongse, president of the Thai Rice Exporters Association, one of the world’s largest grain shippers. “And it will be a spurt, not an incremental increase.” Rice is vital to the diets of billions in … Read more
Technology stocks in Hong Kong jumped more than 4% while mainland China stocks advanced as well, sending gains in a measure of regional stocks up about 0.7% on Tuesday. On Monday, the index of US-listed Chinese stocks posted its biggest one-day gain in nearly six months as the country’s top leaders took advantage Decisive Politburo … Read more