BUSINESS

South Africa Gears Up For Close May Vote

High unemployment and crime, plus decaying infrastructure, plague Africa's most industrialised economy 
South Africans vote next month in a general election that could bring about the most significant political change in three decades, with the ruling African National Congress at risk of losing its parliamentary majority.
'A head of government can't make a show of himself like a teenager,' said opposition leader Alberto Nunez Feijoo

Will He Resign Or Not? Spain Awaits PM's Decision

Spanish Prime Minister Pedro Sanchez will break his silence on Monday and announce whether or not he will step down following the opening of a corruption probe into his wife's business dealings.
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The Fed could provide clarity on the speed at which it is allowing its vast balance sheet to run off this week

US Fed To Meet Amid Dwindling Hopes Of Summer Rate Cuts

The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts.
The defence ministers met at the Hotel de Brienne in Paris

France, Germany Sign Deal On 'Tank Of The Future'

France and Germany on Friday firmed up plans to jointly develop a next-generation battle tank equipped with artificial intelligence and laser technology, billed as a game changer in modern warfare.
Darktrace chief executive Poppy Gustafsson (L) said the group's 'technology has never been more relevant in a world increasingly threatened by AI-powered cyberattacks'

Cybersecurity Firm Darktrace Accepts $5 Bn Takeover

Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial intelligence".
Google-parent Alphabet soared with Microsoft in after-hours trade following forecast-beating earnings

Asian Markets Mixed As Strong US Tech Earnings Offset Poor Data

Markets were mixed on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been overdone, while the yen hit a fresh 34-year low after the Bank of Japan stood pat on interest rates.
The deal would give BHP control of key mines in Chile and Peru, and put it in charge of about 10 percent of world copper production

Clean Energy Drives Massive BHP Takeover Bid

BHP's multi-billion-dollar bid to buy rival Anglo American promises to be the largest mining merger deal in decades, and one driven by the race for cleaner energy and green metals.

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