South africas president , jacob zuma . The rand is poised to surge. We talk you through whats at stake. Plus formula milk is big business in hong kong. We assess the obstacles there to Breast Feeding. Welcome to World Business report. Im sally bundock. Also in the programme chinas appetite for stout beer is soaring. Rico is back with the reasons why. But first President Zuma of south africa faces another vote of no confidence in parliament. This time it will be a Secret Ballot. Mr zuma has been under constant pressure over everything from Corruption Allegations to a controversial Cabinet Reshuffle that saw his widely respected finance minister, pravin gordhan, fired earlier this year. That prompted two Credit Rating agencies, Standard Poors and fitch, to downgrade south africas Credit Worthiness to junk, hugely increasing borrowing costs. And injune, the economy, once the continents largest, fell into a second recession in a decade. Figures out yesterday show the countrys Unemployment
Security forces respond with tear gas and water cannons. The u. N. Chief says hes shocked at how hungary is treating refugees. France outlines plans to resettle 24,000 migrants at a cost of 600 Million Euros to the taxpayer. Prime minister manuel valls warns france will shut borders if the situation is not brought under control. A new style of politics. Britains new Opposition Leader goes headtohead with David Cameron for the first time. Jeremy corbyn challenging the Prime Minister with questions he got from the public. Anchor Hungarian Police have been using tear gas and water cannon against crowds of migrants on its border with serbia. Hundreds of people are trapped on the serbian side after budapest seal the frontier yesterday. Some of the migrants threw stones, bricks, and Water Bottles at police. Hungarian Authorities Say at least two children were injured after being thrown over the barb wire fence. The United Nations has strongly criticized the actions of hungry. An aid worker f
Ukraine. But stronger than expected ism Services Number lifted the mood on wall street. The dow gained 18, the s p 4 trading near a record high and the nasdaq 14. With apple closing above 600 for the First Time Since 2012. Gold is above 1300 per ounce and oil below 100 per barrel. Another high ranking engineer is leaving gm. It follows the delayed recall of small cars with shakey ignition switches. Coke drops the controversial ingredient brominated Vegetable Oil from its drinks. In our trader talk this mornig brian battle director of Performance Trust capital is on the Trading Floor for us. Good morning to you brian. Good morning. Good to be here. Whats your take on treasuries . There was quite a move yesterday. The market is in interesting spot. Were kind of at the lows of rates. Just when you think rates will be higher, the feds leaving the market. We have auctions of threes, tens and thirties and the stock markets at the high so its a very interesting treasury market. Rates might be
Which cities are loved by international travelers? Airalo used Euromonitor International data to list the 9 cities with the most international arrivals.
/PRNewswire/ The global handbags market size in South Korea is estimated to grow by USD 260.72 million from 2024-2028, according to Technavio. The market is.