General Motors pulls plug on robotaxi project
The car making giant says it will refocus on self-driving technology for personal vehicles.
Business
UK rent soars by £3,240 since pandemic, says Zoopla
The cost of renting rose sharply after lockdown was lifted but the rate of increase is now slowing.
Avanti West Coast workers to strike over Christmas
Train managers have voted for walkouts on 22, 23 and 29 December in a row over rest days.
News24 Business | ‘Doing the basics right’: Thungela says 60Mt on Transnet’s coal line is within reach
South Africa’s largest miner of export coal says Transnet has been able to run volumes at an annualised rate of 60 million tonnes in recent weeks.
News24 Business | US, UK target high-flying gold smuggler accused of Zim bribes, money laundering
An international gold smuggling and money laundering network has been sanctioned by the US and UK governments.
News24 Business | Ramokgopa courts hydrogen investors in Japan
Electricity and Energy Minister Kgosientsho Ramokgopa met with potential funders and trading companies in Japan, as he courted investors for green hydrogen projects
News24 Business | Business brief | ARC’s TymeBank still on its growth curve; Google announces quantum chip leap
An overview of the biggest business developments in SA and beyond.
News24 Business | Anger at plan to turn Nazi tunnels into bunker for super-rich
A German property developer has sparked outrage with a plan to turn a World War II tunnel system into a luxury bunker for rich survivalists who fear the outbreak of World War III.
Reeves vows to cut ‘waste’ in spending review
The chancellor says “efficiency savings” will ensure enough funding for key public services.
News24 Business | Rupert Murdoch loses bid to sideline his three ‘moderate’ kids
Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a sealed court document.
News24 Business | How to avoid a December budget blow-out
Be aware of things that trigger you to spend more than you can afford.
Car finance scandal branded ‘one unholy mess’
Aggrieved car buyers who feel they were mis-sold a loan should complain to their lender, MPs hear.
Bad weather pushes coffee prices to record high
Coffee drinkers are set to feel the pinch from high prices after crops got hit by drought and heavy rainfall.
Blow to UK as equipment hire giant Ashtead heads for US
The building equipment rental firm joins others who have moved to the US from London.
News24 Business | SA shuts Mozambique border crossing again
South Africa suspended operations at its main border crossing with Mozambique, a key coal and chrome export hub, as election-related protests flared in the southeast African nation.
News24 Business | Suspect arrested for US health insurer CEO murder after 5 day manhunt
New York prosecutors filed a murder charge against the suspect in the killing of a UnitedHealth executive, a brazen shooting that set off a tense five-day manhunt that culminated in his capture in Pennsylvania earlier
What is rage-baiting and why is it profitable?
Called rage-baiting, making people angry with social media posts can be a business.
Murdoch loses bid to change trust in ‘Succession’ battle
Commissioner rules Murdoch acted in “bad faith” by trying to give control of his empire to his eldest son.
News24 Business | New Google chip solves problem that should take a billion years – in 5 minutes
Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip.
Renishaw founder and Concorde engineer dies
The company co-founded by Sir David McMurtry now employs more than 5,000 people.
News24 Business | 2024 will be the hottest year on record, EU scientists say
This year will be the world’s warmest since records began, with extraordinarily high temperatures expected to persist into at least the first few months of 2025, European Union scientists said on Monday.