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T shirt wrong way round. Red on the left.
They are sucking us dry.
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Business Maverick: Friday, August 2 : Five Things You Need to Know to Start Your DayTrump sends markets reeling with a new round of tariffs. The cull begins at Citigroup. And Hong Kong braces for more street protests. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Facebook Acquisitions Probed by FTC in Broad Antitrust InquiryThe U.S. Federal Trade Commission is scrutinizing acquisitions by Facebook Inc. as part of an early stage antitrust investigation of the social media platform, according to people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trump Ratchets Up US-China Trade War With New TariffsPresident Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on a further $300 billion in Chinese imports in a move set to hit American consumers more directly than any other in his trade wars so far.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Once Famed for Hyperinflation, Zimbabwe Suspends Inflation DataZimbabwe, suffering the world’s second-highest inflation rate, won’t publish price data for the next six months as unrest mounts over surging costs and shortages.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Inside African Phoenix’s R1.2bn private equity gambleAfrican Phoenix Investments, the company that emerged when African Bank Investment Limited came out of business rescue, has set aside R1.2bn for a new private equity fund to invest in eight to 10 deals over the next three years. This investment will be unleashed in tranches of about R500m. The private equity fund already has at least two deals under due diligence.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: SA unemployment rate hits the highest level since the global financial crisisIn the second quarter of this year, South Africa's unemployment rate spiked to 29% from 27.6% in the first quarter, according to data released on Tuesday 30 July by Statistics South Africa. This was the highest level since 2008, when the economy was being battered by the global financial crisis. You know your economy is screwed when … Join the EFF and ANC. Lots of jobs there. As long as unions continue striking for massive increases and trashing and burning property no sane investor will do business in SA especially with our final junk status looming. Unemployment will rise even further. Proudly brought to you by ANC🤣🤣
Source: dailymaverick - 🏆 3. / 84 Read more »