Euro hovers near 20-year low on recession worries - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The euro was about flat at $1.01845 after sinking as low as $1.01615 on Wednesday, for the first time since late 2002.The euro was about flat at $1.01845 after sinking as low as $1.01615 on Wednesday, for the first time since late 2002.

German Chancellor Olaf Scholz said the country must move faster in its green energy transition with Russia using energy as a political weapon amid the war in Ukraine. Meanwhile, the US Federal Reserve has been hiking rates aggressively, and minutes of June’s meeting – when policy makers tightened by 75 basis points, the most since 1994 – revealed their concern that worsening inflation would erase faith in the Fed’s ability to control it.

The dollar-yen rate, which is extremely sensitive to changes in long-term US yields, eased 0.07% to 135.79 yen, consolidating around that level after pulling back from a 24-year high at 137.00 at the end of last month.

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LIVE: Enyobeni Tragedy mass funeral - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The mass funeral service of the 21 young people who died in the Enyobeni tavern tragedy is being held this morning. Sthule siyabuka👀 Sad but it is a blessing in disguise. RIP Parents must take care of their children otherwise if u tryvto blame the tavern owner it won't help in the near future
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Enyobeni Tragedy Archives - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
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