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Uganda to become world’s newest oil exporter with Pearl Sweet

Uganda is set to become the world’s newest oil exporter, with commercial shipments of its Pearl Sweet grade to start in December and increase to 230 …

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business

SA economy shrinks as Iran war hits hard

The SA economy shrank in the second quarter, with the manufacturing sector in recession and mining also taking a hit. Gross domestic product (GDP) c…

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business

Hormuz traffic dips to lowest since May after US, Iranian strikes on ships

An average ‌of ten commodity ships transited the Strait of Hormuz per day over the past ten days, the lowest since May, ‌according to shipping data o…

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business

Bond selloff deepens as rising energy prices stoke inflation fears

Global bond yields hit major new ‌highs on Tuesday as renewed fighting in the Middle East lifted oil ⁠prices, and investors worried about inflation…

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