AFP
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SAfrica's coal dependency puts economy at risk: report
South Africa's coal-dependent economy could lose billions in export revenue and thousands of jobs as more countries and companies seek carbon-free imports, the Net Zero Tracker watchdog said Monday.
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April.
Asian markets rally ahead of latest China-US trade talks
Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The talks come days after Trump and Chinese counterpart Xi Jinping held their first publicly announced telephone talks since the US president returned to the White House.
US, China seek to extend trade truce with London talks
After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions. His press secretary, Karoline Leavitt, told Fox News on Sunday: "We want China and the United States to continue moving forward with the agreement that was struck in Geneva."
Microsoft unveils ROG Xbox Ally handheld video game devices
Microsoft on Sunday unveiled its first Xbox-branded handheld gaming devices, touting them as a way to play its vast library of titles anywhere. "On this Xbox, you can play games across your entire library, including all the Windows PC game stores from Xbox and Battle.net to Steam, GOG (Good Old Games platform) and Ubisoft Connect."
Apple under pressure to shine after AI stumble
Pressure is on Apple to show it hasn't lost its magic despite broken promises to ramp up iPhones with generative artificial intelligence (GenAI) as rivals race ahead with the technology. "The bottom line is Apple seemed to underestimate the AI shift, then over-promised features, and is now racing to catch up," Gene Munster and Brian Baker of Deepwater Asset Management wrote in a WWDC preview note.
US aerospace industry anxious as tariffs loom
US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. The US industry those tariffs were crafted to protect swiftly let the administration know it was not interested.
From allies to enemies: the cost of a Musk-Trump split
The bitter clash between Elon Musk and Donald Trump has drawn a spotlight on the South African-born tycoon's businesses.
Trump-Musk showdown threatens US space plans
SpaceX's rockets ferry US astronauts to the International Space Station. The next, with partner Axiom Space, will carry astronauts from India, Poland, and Hungary, funded by their respective governments.
AFP
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