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S.Africa eyes new markets after US tariffs: president
S.Africa eyes new markets after US tariffs: president
Economy
by  AFP

South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-percent trade tariffs, which could cost around 30,000 jobs, officials said Monday. The 30-percent tariff is the highest in sub-Saharan Africa and comes as diplomatic relations between South Africa and the United States are in tatters over a range of domestic and international policies.

BP makes largest oil, gas discovery in 25 years off Brazil
BP makes largest oil, gas discovery in 25 years off Brazil
Economy
by  AFP

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business. The discovery comes as a boost to the struggling energy major as it undergoes a major overhaul to focus on its more profitable oil and gas business, shelving its once industry-leading renewable energy strategy.