The accounting firm directed Reuters to the statement in response to queries on a Financial Times article published earlier in the day that said PwC had exited multiple countries that were deemed too small, risky or unprofitable.
Renewable power generation reached a historic 32% of global electricity in 2024, according to Ember's report released Tuesday. This milestone comes despite a 4% surge in overall electricity demand driven by heatwaves and data centres. Energy experts suggest that growing security concerns and trade tensions could actually accelerate the shift toward renewables as countries seek energy independence through wind and solar power.
China has vowed to 'fight to the end' against escalating US tariffs as tensions mount between the world's two largest economies. With potential US duties on Chinese goods reaching 104% by Wednesday, President Xi Jinping faces mounting pressure to respond while Chinese exporters brace for significant disruption to global supply chains.
Spotify's payments to Nigerian and South African artists have skyrocketed, with Nigerian musicians receiving over $38 million in royalties last year – more than double from 2023. As global interest in African music grows, artists like Tyla and Burna Boy are leading the continent's musical export boom.
China's ambitious brain chip project, Beinao No. 1, aims to implant its technology in 13 patients this year, potentially surpassing Neuralink in the race for brain-computer interface advancements.
Elon Musk's xAI has acquired social media platform X for $33 billion, enabling shared valuation among co-investors and enhancing the capabilities of its chatbot, Grok
US funding cuts have led to severe rationing of HIV medication in Kenya, leaving countless young patients like Alice Okwirry in desperate need, while millions of life-saving doses remain unused in warehouses, while the future of HIV treatment hangs in the balance
US Treasury Secretary Scott Bessent reveals ambitious plans to transform international trade relations through tariffs, while announcing major banking deregulation initiatives and stricter Iran sanctions. The administration's economic vision focuses on protecting American interests and reforming financial oversight.
As global economic dynamics evolve, investors are increasingly looking beyond US markets for opportunities. This analysis explores the key factors driving this significant shift and what it means for the future of international investment.
Rising temperatures aren't just heating up the planet – they're disrupting our sleep patterns too. From heatwaves to climate anxiety, discover how environmental changes are affecting your sleep quality, and learn practical, cost-effective solutions to ensure better rest in our changing world.
As the world marks World Obesity Day, the global health crisis continues to deepen, particularly in developing nations where healthcare systems are struggling to cope. Recent studies paint a concerning picture of a challenge that affects billions worldwide, with low- and middle-income countries bearing an increasingly heavy burden.
Bitcoin's value skyrockets by 20% as Trump unveils plans for a strategic cryptocurrency reserve, igniting market enthusiasm
Buffett singled out Todd Combs, Geico’s chief executive since 2020 and also a Berkshire investment manager, saying he has “reshaped Geico in a major way” by increasing efficiency and improving underwriting, though more work remains.
The shock move from Trump, a former New York property developer, was swiftly condemned by international powers, with regional heavyweight Saudi Arabia, which Trump hopes will establish ties with Israel, rejecting the plan outright.
Errol Musk, father of Elon Musk, reveals he helped arrange a crucial call between his son and President Cyril Ramaphosa
Higher interest rates dampen non-yielding bullion's appeal.
The Fed will conclude its two-day meeting on Wednesday, where it is widely expected to keep rates steady.
M23 rebels launched a mortar bomb in the direction of Goma Airport which landed in the SANDF base, killing three members.
The Trump administration's immediate halt on USAID funding threatens global health programmes, with South African experts warning of devastating impacts on HIV/AIDS, TB, and malaria treatment.
Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
At 08:57, the rand traded at 18. 50 against the dollar , about 0. 5% weaker than its previous close.
The dollar rose after U. S. President Donald Trump slapped Colombia with retaliatory levies and sanctions for turning away military aircraft carrying deported migrants.
Experts warn that Trump's decision to withdraw the US from the WHO could jeopardise global health initiatives, affecting millions worldwide.
Kganyago cited the formation of a broad coalition government last year as one of the key enablers of faster growth.
Trump declares national energy emergency to accelerate permitting of oil, gas and power projects.
