The introduction of central bank digital currencies (CBDCs) would make foreign exchange safer and smaller currencies more attractive, analysis from the London School of Economics claims. In a blog post published on December 4, LSE visiting…
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By Shariq Khan and Trixie Yap (Reuters) -Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.…
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South Africa’s unemployment rate stands at a staggering 33.5%, one of the highest in the world. Coupled with an alarming poverty rate – where more than half of the population lives on less than R1,558…
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Fossils may look to the untrained eye like an unremarkable set of sandy bones. But those bones can deepen or even rewrite our understanding of ancient history – and South Africa is a fossil treasure…
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Investing.com — Oil prices settled lower Thursday, as concerns about growing supply of crude persisted, offsetting early gains following OPEC+’s decision to delay the restart of its oil production increases by three months. At 2:30 p.m.…
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The outcome and aftermath of Ghana’s 2024 elections will be a key test whether the West African nation can find a balance between the dual objectives of living within its means and achieving economic growth…
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By Olesya Astakhova and Yousef Saba RAS AL KHAIMAH, United Arab Emirates (Reuters) – Igor Sechin, the head of Russia’s largest oil producer Rosneft, said on Thursday that the OPEC+ group’s decisions to reduce oil…
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South Africa has taken over the presidency of the world’s premier economic forum, the G20, from Brazil. The G20 presidency operates on a troika system made up of the current, previous and next holders. The…
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A new machine-learning weather prediction model called GenCast can outperform the best traditional forecasting systems in at least some situations, according to a paper by Google DeepMind researchers published today in Nature. Using a diffusion…
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By Nicole Jao NEW YORK (Reuters) -Oil futures fell nearly 2% on Wednesday as investors awaited an imminent OPEC+ decision on production cuts, while a larger-than-expected draw in stockpiles last week lent some support to…
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