Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.

Feb 28, 2016 05:49 AM EST

UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.

Feb 26, 2016 08:31 AM EST

According to Bill English, New Zealand can sustain low inflation as the central bank aim to reduce borrowing costs, if needed. New Zealand is hoping to achieve economic stability amid the global financial crisis.

Feb 25, 2016 08:34 AM EST

Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.

Feb 24, 2016 09:27 AM EST

Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.

Feb 19, 2016 09:18 AM EST

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Feb 12, 2016 07:31 AM EST

For seven sessions in a row, European stocks suffered losses amid growing concerns about the global economy growth. The lower oil prices, disappointing quarterly results and sluggish global markets are also taking a toll on European stocks. Indicating the alarming situation in the European financial sector, the cost insuring debt against default reached its peak since 2013.

Feb 10, 2016 08:29 AM EST

The Boston Globe has endorsed Hillary Clinton in the Democratic presidential nomination. The newspaper praises Mrs. Clinton for her concern in the gun control and immigration issues. This endorsement is one of the other two endorsements she has obtained earlier.

Jan 25, 2016 08:30 AM EST

Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.

Jan 21, 2016 08:08 PM EST

The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.

Jan 21, 2016 07:58 PM EST

Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.

Jan 21, 2016 07:53 PM EST

Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.

Jan 21, 2016 07:40 PM EST