Business

South Africa's ANC to nationalise central bank, expropriate land

The Banking Association of South Africa (BASA) said on Thursday the newly elected leadership of the governing ANC party should focus on achieving inclusive economic growth and facilitating investment and job creation. In their joint statement, the SAJBD and SAZF warned that a downgrade of the embassy in Israel would leave South Africa poorer. The ANC had taken a unanimous decision was taken to support the Palestinian cause.

Business

Facebook accused of enabling potential age discrimination with targeted ads

The lawsuit comes at a moment when Facebook and other technology giants are facing pressure to mitigate the negative social consequences of content posted on their platforms, particularly the impact of targeting ads. The social network also used its targeting abilities to recruit its own employees from certain age groups. Just like it's gotten caught red-handed allowing landlords to tailor ads excluding potential tenants on the basis of race or ethnicity or anyone to purchase ads ...

Business

Ryanair pilots in Germany are going on strike just before Christmas

The Vereinigung Cockpit (VC) trade union confirmed all pilots directly employed by the airline are being asked to join a walk-out from 5.01am until 8.59am (local time) on Friday. "This makes it clear to VC that the company is not interested in a mutually constructive co-operation, based on trust and equality". In a statement, Ryanair said it had sent a letter confirming that is recognising Impact and its Ryanair Company Pilot Council.

Business

South Korean cryptocurrency exchange files for bankruptcy after second hack

The concern is now that the spiralling cost of Bitcoin could result in exchanges not being able to cover their losses. Kisa, the organisation that investigates cybercrime in Korea, has begun an enquiry into how the hack was allowed to take place.

Business

Wall St. Rally Stalls Ahead of Tax Bill Vote

The House of Representatives is expected to vote on the final version on Tuesday, while the Senate vote is expected to follow either on Tuesday or Wednesday. Investors have been buying stocks in anticipation of the tax deal so they may use the signing of the bill into law as a reasonable excuse to book profits.

Business

Boeing and Bombardier set out defence in trade row

Boeing has accused Bombardier of dumping its marquee jets on the USA market at below market prices and taking unfair subsidies from the Canadian and Quebec governments. Scotiabank raised their price objective on Bombardier from C$3.25 to C$3.75 and gave the company an "outperform" rating in a research report on Monday, October 23rd.


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