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World stock markets slide on US recession worries

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.

World markets plunge as recession fears grow

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.

Troubled energy giant BP rocked by profits slump

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.

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Latest

Sekhukhune’s five-year battle for water back in court

The residents of five villages are calling for the district municipal manager to be arrested

Special Investigating Unit probes Covid-19 tenderpreneurs

The SIU is investigating 102 companies doing business with the provincial government in Gauteng alone

Vaccine trial results due in December

If successful, it will then have to be manufactured and distributed

Press Releases

WiMSA shines a light on the future of women in mining

Men in mining must begin to take it upon themselves to support the development of women in the industry

Department of Public Works and Infrastructure reveals second gender-based violence advocacy artwork

The men and boys of South Africa are important role players in this mission to ensure that women are respected, protected and treated equally

Empowering the voice of women in leadership to enable full participation in their roles in leadership and decision making

Sibanye-Stillwater has 13% female representation in its workforce and is actively working to achieve gender equality and empower all women and girls

Surviving the tobacco ban

Nicotine is given as the ‘likely’ reason for lower Covid-19 infection rates but authorities still stress the health risk of smoking

Smokers hold thumbs for cigarette ban to be lifted

SATTA is worried about the impact of the ban on its own members activities and how the ban is helping black marketeers to make millions of rands illegally

Covid-19: Outlook on the economy, politics and labour

Old Mutual had experts unpack the effects of the pandemic and provide practical tips on how to deal with the financial impact of job losses and salary cuts

Opt-in to Popia

All business owners should take note: there is a lot of work ahead to ensure compliance with the POPI Act that has just come into effect

Capital Legacy talks life

The Covid-19 pandemic is revealing how few people actually sort their affairs to the benefit of their loved ones they leave behind when they pass on

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