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Analysis-South Africa races to keep auto exports competitive in EV era

Analysis-South Africa races to keep auto exports competitive in EV era

By Nqobile Dludla JOHANNESBURG, Sept 24 (Reuters) - South Africa risks losing future vehicle production to Asian rivals as global automakers decide where to build the next generation of electric vehicles, despite a new government tax incentive aimed at attracting investment, executives say.
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DHL Express Launches First Direct Bahrain-South Africa Cargo Flight, Enhancing Middle East-Africa Connectivity

DHL Express Launches First Direct Bahrain-South Africa Cargo Flight, Enhancing Middle East-Africa Connectivity

DHL Express Launches First Direct Bahrain-South Africa Cargo Flight, Enhancing Middle East-Africa Connectivity
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DHL Aviation Launches New Direct Freighter Service Between Bahrain and Johannesburg

DHL Aviation Launches New Direct Freighter Service Between Bahrain and Johannesburg

DHL Aviation Launches New Direct Freighter Service Between Bahrain and Johannesburg
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Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

At the start of the Iran war, many feared that Tehran's closure of the Strait of Hormuz would send oil prices through the roof and throttle the global economy
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US Industrial Policy Shifts from Free-Market Dogma Amidst US-China Economic Tensions

US Industrial Policy Shifts from Free-Market Dogma Amidst US-China Economic Tensions

The United States has moved away from its long-standing free-market dogma to embrace industrial policy and managed trade, a significant shift in its economic approach. This change comes as American leaders are re-evaluating the US-China economic relationship, which has been described as 'badly deteriorated.' Historically, the US had promoted free-market globalization, encouraging developing nations to compete for foreign investment by offering favorable conditions to multinational corporations. However, this perspective is now being challenged, with a growing recognition that robust state intervention is often necessary for economic development. The current US stance views China as a 'treacherous villain' in a 'morality tale' of trade, accusing it of exploiting free-market integration through nonmarket practices to gain control over future technologies and potentially global dominance. This narrative, according to some analyses, serves to unite US social divisions and repair damaged alliances.
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Honda Nears $2.5 Billion Investment for New Hybrid Vehicle Plant in Ohio

Honda Nears $2.5 Billion Investment for New Hybrid Vehicle Plant in Ohio

Honda Nears $2.5 Billion Investment for New Hybrid Vehicle Plant in Ohio
ReutersReuters
Lawmakers to seek Senate approval of permanent US ban on Chinese cars

Lawmakers to seek Senate approval of permanent US ban on Chinese cars

By David Shepardson WASHINGTON, Sept 24 (Reuters) - The authors of bipartisan legislation to make permanent a ban on Chinese vehicles in the United States plan to use a fast-track procedure to win Senate approval on Thursday, as President Donald Trump meets with China's President Xi Jinping,
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Morning Bid: A$ gets a bit part as AI steals the show

Morning Bid: A$ gets a bit part as AI steals the show

Sept 23 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. So far, it's been the kind of day where the Australian dollar reaching parity on its Canadian cousin for the first time in more than eight years is the most eye catching event in markets.
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Climate Week talks balance hope for clean energy against uncertainty over artificial intelligence

Climate Week talks balance hope for clean energy against uncertainty over artificial intelligence

World and business leaders this week will grapple with the urgent costs of climate change
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President Ramaphosa Addresses Gender-Based Violence and U.S. Visa Restrictions

President Ramaphosa Addresses Gender-Based Violence and U.S. Visa Restrictions

President Cyril Ramaphosa of South Africa has publicly addressed the ongoing crisis of gender-based violence and femicide (GBVF) in the country, stating that women should not have to live in fear of men. His comments were made on the sidelines of an African National Congress (ANC) fundraising event in Woodmead, marking his first public appearance since returning from the BRICS Summit in India. Ramaphosa acknowledged the widespread fear among women due to GBVF, particularly in light of recent murders in Ekurhuleni, which have fueled concerns about a possible serial killer. He emphasized that the government views GBVF as a disaster and is actively working to address the problem, with the Inter-Ministerial Committee on Gender-Based Violence and Femicide reviewing a plan to tackle the crisis. Additionally, President Ramaphosa commented on actions taken by the White House regarding U.S. visa restrictions for certain South Africans, asserting the government's commitment to protecting its sovereignty.
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Volkswagen's newest EV runs Chinese chips and starts near $19,000

Volkswagen's newest EV runs Chinese chips and starts near $19,000

The German automaker's newest electric SUV was built for one market, and the parts list explains why.
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Wall Street holds near its record after Brent oil briefly falls below $98 per barrel

Wall Street holds near its record after Brent oil briefly falls below $98 per barrel

Wall Street is holding near its record high in a relatively quiet day for markets worldwide