News24 | African Development Bank greenlights R18bn loan for Transnet turnaround

For more financial news, go to the News24 Business front page.The African Development Bank (AfDB) has approved a $1 billion loan for South Africa’s Transnet to aid the troubled logistics firm’s recovery plan, the bank and the company said on Thursday. State-owned Transnet has struggled to provide adequate freight rail and port services in South Africa due to equipment

GenAI sticker shock sends CIOs in search of solutions

‘Frenetic’ spending, compute-intensive workloads, and a market dominated by one hardware maker have IT leaders looking to new technologies and methods for containing the high costs of generative AI. The early bills for generative AI experimentation are coming in, and many CIOs are finding them more hefty than they’d like — some with only themselves

Why on God’s Green Earth Would Biden Tweet This Now?

The Slatest Biden’s Tweet After Getting COVID Has Melted My Brain C’mon man. Photo illustration by Slate. Photo by Kent Nishimura/AFP via Getty Images, Apu Gomes/Getty Images, and Nataliia Kurylo/iStock/Getty Images Plus. This is Totally Normal Quote of the Day, a feature highlighting a statement from the news that exemplifies just how extremely normal everything

Von der Leyen wins second term as EU Commission President

Ursula von der Leyen was elected as European Commission President for a second term after pledging to create a continental “defence union” and continue the EU’s green transition. MEPs backed Ms von der Leyen’s bid for another five-year term at the helm of the European Union’s powerful executive body with 401 votes in her favour

Greenwood, once considered a top prospect at Man U, joins Marseille

MANCHESTER, England (AP) — Mason Greenwood left Manchester United to join Marseille on Thursday in a move that brought an end to his troubled spell at the Premier League club where he was once considered one of its most exciting prospects. Marseille paid 31.6 million euros ($34.5 million) for the 22-year-old forward, a person with

Mexican Peso plummets as USD/MXN rises above 18.00

Most recent article: Mexican Peso falls amid safe-haven flows, sour mood Mexican Peso plummets more than 1% as USD/MXN trades above 17.90. Fitch reaffirms Mexico’s BBB- rating, highlighting judicial reform and fiscal deficit concerns. US unemployment claims rise, boosting the US Dollar Index above 104.00, gaining 0.25%. The Mexican Peso begins Thursday’s session on the backfoot

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