Business
11 Sep, 2026
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Oil hits above US$100 a barrel once again
Oil prices shot past US$100 a barrel on Wednesday as fighting between the US and Iran escalated, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international…
11 Sep, 2026
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Broadcom’s AI chip sales more than triple as custom silicon orders build
Large semiconductor company Broadcom reported record revenue, operating income and free cash flow for its third fiscal quarter, with revenue rising 86 per cent from a year earlier to US$29.6 billion…
11 Sep, 2026
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Dangote US$1.6b share sale to fuel world’s largest refinery
Dangote Petroleum Refinery and Petrochemicals FZE opens subscriptions on Monday for an initial public offering to raise US$1.6 billion and fund a path to becoming the world’s largest refinery. “We are…
11 Sep, 2026
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Shoprite sales hit US$16.9b while holding price rises below inflation
Shoprite Holdings, southern Africa’s largest food retailer, grew merchandise sales from continuing operations by 7.2 per cent to R270.8 billion (US$16.8 billion) for its financial year ending June,…
11 Sep, 2026
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Wholesale prices moved higher last month in latest sign of stubborn inflation
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated.
11 Sep, 2026
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Anthropic researcher resigns with warning about dangers of AI development
An Anthropic researcher said he is resigning from the company over concerns that the artificial intelligence (AI) firm and its competitors are not acting responsibly in AI development, echoing…
11 Sep, 2026
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ECB raises interest rates a quarter point to quell energy-fuelled inflation
The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected…
11 Sep, 2026
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China’s car exports pass last year’s total with four months to spare
China’s passenger car exports in the first eight months of this year already surpassed last year’s total, an industry association said on Thursday, though domestic sales continued to decline.…
11 Sep, 2026
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Huawei racketeering trial opens in New York with duelling accounts
A racketeering conspiracy trial of Huawei Technologies began in New York on Wednesday with federal prosecutors accusing the Chinese tech company of a litany of crimes, including stealing technology…