S.African economy faces turbulence: central bank’s Kganyago

South Africa’s economy faces a turbulent time as the prospect of rising U.S. interest rates and a slowing Chinese economy complicate policy-making, Reserve Bank Governor Lesetja Kganyago said on Tuesday. Speaking at the Reuters Economist of the Year event, Kganyago said China’s devaluation of its currency to stem an economic …

Read More »

South African opposition firebrand Malema faces corruption charges

JOHANNESBURG (Reuters) – South African opposition firebrand Julius Malema appeared in court charged with money laundering, racketeering and corruption on Tuesday, kicking off a hearing that could see President Jacob Zuma’s most vocal critic jailed. Malema – who has himself regularly accused the government of corruption and urged Zuma to …

Read More »

No end to nightmare on Sharjah’s King Faisal Road

Residents complain of being stuck in traffic for hours; Sharjah RTA says diversions in place. Development works on the King Faisal Road, Sharjah, is taking its toll on motorists and residents living in Abu Shagara, Al Qasimia, and Al Nad. All these residential areas are connected to King Faisal Street …

Read More »

U.S. Int’l Trade Commission clears Microsoft of patent infringement

NEW YORK (Reuters) – Microsoft Corp (MSFT.O) avoided a potentially costly setback to its financially troubled mobile phone business on Friday as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April by a U.S. …

Read More »

Brazil’s GDP posts second consecutive contraction

SAO PAULO (AP) — The Brazilian government says gross domestic product contracted for the second consecutive quarter, sending the economy of Latin America’s biggest country into a technical recession. The government statistics bureau IBGE said Friday that Brazil’s economy shrank 1.9 percent in the second quarter compared with the previous …

Read More »

To regulate or not to regulate? EU to launch study on Uber

By Julia Fioretti , Brussels (Reuters) – – The European Commission will launch a study in September of the ride-hailing app Uber in an effort to settle legal disputes that have pitched the U.S. start-up against conventional taxis across Europe, three people familiar with the matter said on Friday. Since …

Read More »

APNewsBreak: 911 calls from fatal fire: ‘Send somebody fast’

Associated Press/Ted S. Warren, File – FILE – In this Thursday, Aug. 20, 2015, file photo, Okanogan County Sheriff’s deputies guard the entrance to Woods Canyon Road near Twisp, Wash. Three firefighters were killed after their engine rushed up a steep gravel road and crashed down a 40-foot embankment near …

Read More »

Flying Under the Radar: the World’s Best Budget Airlines

By Ingrid K. Williams Travel + Leisure Fifteen minutes from check-in to gate sounds far-fetched, but it’s already a reality for travelers who fly Peach, a new Japanese low-cost carrier that operates from its own terminal at Osaka’s International Airport. Cost-conscious fliers already know about Europe’s biggest budget airlines, easyJet …

Read More »