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Economics at timeslive.co.za

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11

China urges more aid for people in need as economic woes persist

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The Chinese government has urged local officials to provide more financial relief or step-up one-time allowances to people in need before major holidays over the next month, as China's economic difficulties are set to extend into 2025.

Sunday, Dec 29

13

More fuel price hikes to hit in January

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All grades of petrol and diesel to increase on January 1

08

Trump sides with Elon Musk in H-1B visa debate, says he's always been in favour of the program

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Trump's remarks followed a series of social media posts from Musk, the CEO of Tesla and SpaceX, who vowed late Friday to go to “war” to defend the visa program for foreign tech workers.

Saturday, Dec 28

17

SABC employee in hot water after allegedly making racist remarks and disrupting flight

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“You're a coloured from Mitchells Plain, all these gold rings but no degree. Right now when we land, I'm going to take an Uber home. You don't even have a [driver's] licence. You don't even have a car.”

10

Trump asks Supreme Court to pause law that could ban TikTok

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The law would require TikTok's Chinese owner, ByteDance, to sell the platform to an American company or face a ban.

Brazil halts work visas for BYD after trafficking claims

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Brazil has stopped issuing temporary work visas for BYD, the ministry of foreign affairs said on Friday, in the wake of accusations that some workers at a site owned by the Chinese electric vehicle producer had been victims of human…

Friday, Dec 27

13

LISTEN | ‘Don’t get pregnant as soon as you can’: Zille on fatherless families

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Concerned about children abandoned by fathers, DA federal chair Helen Zille has told women “your responsibility is not to get pregnant as soon as you can”.

12

Rare Ford GT40 Mk 1 Road Car heads to auction

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A rare 1966 Ford GT40 Mk 1 Road Car is set to go under the hammer at Mecum’s Kissimmee auction on January 18.

Thursday, Dec 26

09

Maserati names Maurizio Zuares as new global chief commercial officer

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Italian carmaker Maserati this week announced that Maurizio Zuares will assume the role of global chief commercial officer on January 1, 2025. He replaces Luca Delfino, who is departing the company.

08

Russian car production up 39.3% year on year in January-November: Rosstat

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Russia's federal statistics service Rosstat says Russia increased production of passenger cars in January-November by 39.3% year on year to 679,000 vehicles.

Wednesday, Dec 25

10

Xiaomi announces EV charging partnerships with Nio, Li Auto and Xpeng

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Chinese upstart electric vehicle maker Xiaomi announced partnerships on Wednesday with local EV specialists Nio, Li Auto and Xpeng on charging services.

09

Toyota global production down for 10th month despite rising sales

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Toyota's global production decreased for a 10th straight month in November, the Japanese carmaker said on Wednesday, though its worldwide sales grew for the second consecutive month on solid demand in the US and China.

Tuesday, Dec 24

19

Honda, Nissan tie-up requires something neither can spare: time

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Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.

13

LISTEN | Struggle to reduce high cost of living haunts government

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Deputy President Paul Mashatile has acknowledged the government's challenges to reduce the cost of living persist.

10

CATL launches ‘Bedrock’ EV chassis, flagging safety as top selling point

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China's CATL, the world's largest electric vehicle battery maker, on Tuesday launched a new EV chassis it says can withstand a 120km/h frontal impact without catching fire or exploding as it touts safety as a key selling point.

World Bank staff question Ethiopia debt assessment reached with IMF, memo shows

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Some World Bank staff have criticised an assessment of Ethiopia's finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country's debt restructuring may be "faulty".

08

Trump previews combative foreign policy with threats to Panama, Greenland

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Donald Trump's surprise threat to retake control of the Panama Canal and his expansionist declaration that the United States should own Greenland signals that the incoming US president will pursue a foreign policy unbound by diplomatic…

Monday, Dec 23

16

Europe's embattled car sector plans plant closures and layoffs

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Automotive companies across Europe have announced plant closures and big layoffs as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.

15

Information Regulator issues R5m fine notice to basic education department

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The Information Regulator has fined the department of basic education R5m for failing to comply with an enforcement notice in November which ordered the department to make an undertaking that it will not publish the 2024 matric results in…

14

Toyota to build new factory to produce EVs in China: Nikkei

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Toyota has decided to build a new factory to produce electric vehicles in China, the Nikkei business daily reported on Monday.

Criminals targeting tap-and-go cards this festive season, warns National Financial Ombud Scheme

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The National Financial Ombud Scheme (NFO) has raised concerns over increasing fraud risks, urging customers to take extra precautions during the holiday shopping period.

11

Honda, Nissan aim to merge by 2026 in historic pivot

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Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's car industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy carmakers.

Eskom posts R55bn loss after hiving off transmission unit

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Loss is more than double the previous year’s R26bn loss, but includes a tax write-back of a deferred tax asset of R36.6bn

08

The main points of VW’s deal with unions on German sites and jobs

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These are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs.

Volkswagen to cut 35,000 jobs by 2030

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These are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs.

06

Comedians on what to gift Jacob Zuma and Donald Trump for Christmas

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What gift would you place under the Christmas tree of a Teflon-coated former president on the political comeback trail?

Sunday, Dec 22

11

Trump says he might demand Panama hand over canal

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President-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion, he would demand the US ally hand it over.

10

Nio’s Europe-bound Firefly EV targets Smart and Mini

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China's Nio on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting it would help the company overcome EU tariffs.

Saturday, Dec 21

US Senate passes government funding bill, averts shutdown

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The late-night vote capped a frantic week that saw president-elect Donald Trump and his billionaire ally Elon Musk defeat an initial bipartisan deal, throwing Congress into disarray.

Friday, Dec 20

16

Tesla recalls nearly 700,000 vehicles over tyre pressure monitoring system

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Tesla said on Friday it was recalling 694,304 vehicles in the US due to an issue with the tyre pressure monitoring system (TPMS).