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A global equities sell-off gathered speed on Friday as nervous investors were hit by growing United States recession fears, a plunging dollar and record oil prices, dealers said. European markets fell after sharp losses earlier in Asia and overnight on Wall Street following more bad news on the US subprime home-loan crisis.
Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11 attacks on the United States. Dealers said a major new plan by President George Bush to prevent a United States recession was not enough to offset the stream of bad news from banks.
British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said on Tuesday that third-quarter profits slumped owing to lower output, weak United States gas prices and refinery outages. Net profit on a replacement-cost basis plunged 44,5% from a year earlier to $3,87-billion in the three months to September.
Calling this ‘the gravest crisis in the history of our democracy’, the president said level three lockdown remains, but enforcement will be strengthened
The president's address comes after a number of meetings with Cabinet and the National Command Council
The city argues that it is not carrying out evictions, but is acting against land invasions
An entrepreneurial, business-minded, impact-driven individual is sought to lead the organisation as it looks to scale and grow
Balwin Properties’ Edge registration of over 16 000 units was a global first, covering more homes than any single property developer in the world to date
The combination of limited access to quality soap and a lack of knowledge of how to properly wash hands is a challenge in many vulnerable communities
SAICA calls for a review of the mandatory minimum skills and qualifications required for all key financial management positions within the public sector