• Sun, March 30, 2025

by: IOL

Concerns grow over South Africa's Budget consensus ahead of looming deadline

by: Kiplinger

Rising AI Demand Stokes Undersea Investments

As demand soars for AI, there's a need to transport huge amounts of data across oceans. Tech giants have big plans for new submarine cables, including the longest ever.

by: GOBankingRates

Grant Cardone Says a House Is a 'Terrible Investment': Do Fellow Experts Agree?

Real estate mogul Grant Cardone made waves recently when he called homeownership a "terrible investment," suggesting Americans would be better off renting and putting their money elsewhere. Read

by: Invezz

Here's why the PayPal stock price has crashed and what to expect

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by: MiBolsilloColombia

What's deflation and why it can be dangerous for the economy

Deflation, a sustained drop in prices, might seem beneficial at first glance. However, it poses significant risks to economic stability, affecting consumption, investment, and employment.

by: MLive

Court Street Theater's new owner revealed, and other Saginaw-area news from this week

Here are a few headlines from Saginaw County last week that attracted reader interest. Jordan Dice adds Saginaw's Court Street Theater to growing business empire The person who owns the Midland Mall,

by: AOL

USDA paid to study queer farmers, Latinx masculinity, more on taxpayer dime

U.S. taxpayers have shelled out tens of thousands of dollars in recent years to the U.S. Department of Agriculture for research on LGBT issues, the kind of funding now under scrutiny by the Trump administration.

by: dw

Iran's middle class bears brunt of economic crisis

Whereas in March 2024, it was trading at 600,000 to the US dollar, one year later the rate has fallen to more than 1,000,000. This massive devaluation is driving inflation further, making imported goods more expensive,

by: BusinessMirror

Korean firm, BCDA ink Tarlac build deal

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by: MarketWatch

Stock-market investors looking for clarity on Trump's tariffs on April 2 risk disappointment

Stock-market investors hope President Trump's April 2 tariff announcements will provide much wanted certainty. They shouldn't count on it.

by: TechCrunch

Breast pump startup Willow acquires assets of Elvie as UK women's health pioneer moves into administration

Women's health and its startups building connected breast pumps, period trackers, and other apps and hardware designed for women have collectively pulled

by: Variety

'Ne Zha 2' Propels 2025 Global Box Office Estimates Upward to $34 Billion

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by: Patch

NJ's AI Hub With Princeton U, Microsoft, & CoreWeave Officially Opens

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by: KETV

NFM hosts Women's Panel and Brunch in honor of their founder

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by: rnz

Reserve Bank announces review of bank capital requirements

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by: Week99er

Best Cryptos to Buy Now: Qubetics 1000X Potential with SEI and ICP Dominating the Blockchain Space

Qubetics, SEI, and Internet Computer Protocol. Understand their potential, innovation, and how they're changing the blockchain landscape.

by: WUSA9

Alexandria Business Owner Set to Reopen After Fire Destroyed Store

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by: Barchart

Trump Tariffs, Tesla Deliveries and Other Key Things to Watch this Week

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by: TheStreet

Costco CFO sounds warning on shift in customer spending

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by: Bloomberg

Asia Braces for Historic Test of Export Model From Trump Tariffs

Asian leaders face tough decisions as President Donald Trump's reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.

by: Benzinga

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by: Vanguard

10 countries where you can get high-paying jobs with free visa sponsorship

If you're looking to secure a high-paying job abroad with free visa sponsorship, it's essential to target countries with strong job markets.

by: Calendar

5 Productive Business Practices That Can Inspire Growth This Year

Did you set lofty business growth goals for yourself this year? You won't reach them by simply dreaming and hoping you'll somehow achieve them. There's an old claim that the definition of insanity is expecting different results while doing the same redundant thing.

by: Moneycontrol

Eid al-Fitr 2025: Top 50 Eid Wishes, Messages, and Social Media Statuses to Celebrate the Festival

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by: Fortune

Medication taken by 1 in 8 Americans linked to substantial increase in the risk of sudden cardiac death

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by: MyChesCo

United Airlines and Chase Unveil New United Family of Credit Cards

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by: Insider

Skadden's pact with Trump was a 'dealbreaker,' associate tells BI after resigning

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by: iTWire

DAS launches 'groundbreaking' regional 3D terrain mapping

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by: KGAN

100+ institutions & industry leaders guide students at Kirkwood's career and college fair

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by: Reuters

Japan to give crypto assets legal status as financial products, Nikkei says

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by: Reuters

Trump says reciprocal tariffs will target all countries

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by: Insider

Skadden's deal with Trump was a 'dealbreaker,' associate tells BI after resigning

"The deal was announced, and that was it for me," Frey said, noting that she was "absolutely not considering leaving" prior to Skadden's decision to provide $100 million in pro bo

by: KETV

NFM hosts Women's Panel and Brunch in honor of its founder

As an homage to its founder, NFM is celebrating women in leadership roles. Sign up for our Newsletters It is hosting the fifth annual Women's Panel and Brunch in Mrs. B's Clearance Outlet. Five local leaders will share their experiences as women in business,

by: Reuters

Stocks skid, bonds rally as tariffs stoke recession risk

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by: Insider

How the stock market's woes can spill over into the broader economy

The fortunes of the stock market play a big role in shaping the mood of the consumer, and things aren't looking great right now.

by: Insider

Home equity could be a $35 trillion lifeline for Americans if recession strikes. Here's what to know.

The pandemic-era housing boom swelled Americans' home equity to record levels. Tapping into that could prop up the consumer and the economy in a slowdown.

by: Reuters

Japan Feb factory output up, retail sales slow as Trump 2.0 raises growth risks

Japan's factory output rose at a better than expected pace last month, driven by increases in production machinery and electronics parts, but a slowdown in retail sales pointed to the growing strains for an economy facing rising external risks.
  • Mon, March 31, 2025

by: Businessworld

Building resilience in the financial sector

The financial industry's growing reliance on technology is heightening the risk of failure points linked to unregulated third-party connections. These weaknesses can be targeted by malicious entities,

by: Euronews

From Finland to the UK, European countries are slashing aid. What does it mean for climate funds?

Political changes, higher defence spending and a shift in focus towards national priorities have seen many European aid budgets slashed recently. View on euronews

by: CNBC

After 20 years at the helm, Klarna CEO Sebastian Siemiatkowski faces his biggest test yet: A U.S. IPO

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by: Bloomberg

Asia Braces for Trump's Reciprocal Tariffs to Test Export Model

Asian leaders face tough decisions as President Donald Trump's reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.

by: Euronews

Week ahead: Global sentiment sours as Trump's auto and reciprocal tariffs loom

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by: Insider

Gen Z's career apocalypse

Between tech layoffs and DOGE cuts, college students are running out of job prospects — and it could haunt them for years to come

by: Patch

? Renton's Valley Medical faces staffing cuts amid Medicaid issues

Seattle-area hospital loses 101 staffers after Medicaid payment pause (seattletimes.com) — Valley Medical Center in Renton has laid off 101 nonclinical staff due to a pause in Medicaid payments. This makes it the first Washington hospital to announce such cuts,

by: Reuters

UK's Primark boss resigns immediately after 'error of judgement' in social setting

The group said on Monday that Marchant had cooperated with an investigation led by external lawyers, acknowledged his "error of judgement" and accepted that his actions fell below the standards expected by AB Foods.

by: Reuters

Japan factory output up, but soft outlook and cooling retail sales pressure economy

Japan's factory output rose at a better than expected pace last month, but cooling retail sales growth and a slowdown in production expected by manufacturers in the near term pointed to the growing strains for an economy facing rising external risks.

by: Reuters

Colombia central bank board likely to resume cuts as new members debut

Colombia's central bank board looks set on Monday to resume cuts to its benchmark interest rate with the support of new board members, despite inflation pressures and a difficult fiscal situation.

by: Reuters

Analysis-For China and US Inc, Trump's trade war feels much worse this time

Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for U.S. retailers, including Walmart and Costco, facing crippling U.S. tariffs. "The orders are half of what they were last year,

Concerns grow over South Africa's Budget consensus ahead of looming deadline

With the deadline for Finance Minister Enoch Godongwana's budget approaching, political tensions escalate as the ANC and DA clash over proposed VAT increases. Experts warn of severe consequences if consensus is not reached.
The article from IOL discusses the growing concerns over South Africa's budget consensus as the deadline for the Medium-Term Budget Policy Statement (MTBPS) approaches. Finance Minister Enoch Godongwana is under pressure to present a budget that addresses the country's economic challenges, including a sluggish economy, high unemployment, and increasing public debt. There is particular worry about the potential for tax hikes or spending cuts, which could further strain the economy. Analysts and opposition parties are skeptical about the government's ability to balance fiscal responsibility with the need for economic stimulus. The article highlights the tension between the need for fiscal consolidation and the political implications of austerity measures, especially with upcoming elections. The consensus is that the budget must navigate these complex issues carefully to avoid exacerbating economic difficulties or losing public support.

Read the Full IOL Article at:
https://www.iol.co.za/business-report/economy/concerns-grow-over-south-africas-budget-consensus-ahead-of-looming-deadline-9ba70273-db23-4c76-b28c-eabd9a8ca683

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