Economy

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S.Africa to offer US new deal to avoid 30% tariff
S.Africa to offer US new deal to avoid 30% tariff
by  AFP

South Africa will offer a "generous" new trade deal to the United States on Tuesday to avoid 30-percent tariffs, government ministers said. "When the document is eventually made public, I think you would see it as a very broad, generous and ambitious offer to the United States on trade," Agriculture Minister John Steenhuisen said at a press briefing.

Stocks rise on restrained US inflation
Stocks rise on restrained US inflation
by  AFP

Stock markets rose on Tuesday as US inflation data showed a still-subdued impact from US President Donald Trump's tariffs. Stock markets in Asia rose on the news, with Tokyo hitting a record.

US consumer inflation holds steady but tariff worries persist
US consumer inflation holds steady but tariff worries persist
by  AFP

Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy. From a year ago, underlying inflation rose 3.1 percent, picking up pace too.

EU ready to do plastic pollution deal 'but not at any cost'
EU ready to do plastic pollution deal 'but not at any cost'
by  AFP

The European Union is ready to do a deal to land a groundbreaking treaty on plastic pollution, but not at any cost, the EU's environment commissioner insisted Tuesday. However, we don't like plastic pollution and it's time to end plastic pollution as quickly as possible," the commissioner said.

China Evergrande Group says to delist from Hong Kong
China Evergrande Group says to delist from Hong Kong
by  AFP

Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process. Evergrande's shares on the Hong Kong stock exchange were suspended that month.