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International

UN warns of social unrest after ‘striking’ drop in global wages

INTERNATIONAL Global wages fell in 2022 for the first time since the global financial crisis due to soaring living costs, threatening to worsen inequality and drive social unrest, the United Nations labour agency has warned. Monthly wages dropped 0.9 percent in real terms in the first half of 2022 – the first negative wage growth since 2008, the International Labour Organization (ILO) said in its latest global wage report released […]

today1 December 2022

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International

IMF cuts 2023 global outlook over colliding global shocks

INTERNATIONAL The International Monetary Fund (IMF) has cut its global growth forecast for 2023 as economic pressures collide, from the war in Ukraine, high energy and food prices and sharply higher interest rates. The IMF warned on Tuesday that conditions could worsen significantly next year and said it expected more than a third of the world’s economy to contract. “The three largest economies – the United States, China and the euro area […]

today12 October 2022

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Local

SA cannabis company sells entire stock in advance as demand soars abroad

LOCAL Booming demand for medicinal cannabis from Europe to Australia has seen an SA producer sell all of its output for next year in advance. SafriCanna signed sale deals with Germany and Australia for the bulk of the production, Bassim Haidar, CEO of its largest investor, Optasia, said in an interview. The company started construction of its facilities in Pretoria in 2019 and shipped its first flowers in June. In […]

today12 September 2022

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International News

‘Agonising milestone’: One million people dead from COVID-19

The global death toll from COVID-19 has crossed one million, according to data from Johns Hopkins University, but the World Health Organization (WHO) says that number is probably an underestimate and the actual toll is likely to be much higher. Some 1,000,555 people across the world have now died from the virus, data from JHU showed on Tuesday. COVID-19 was first reported in the central Chinese city of Wuhan late […]

today29 September 2020

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