SA gray-listing risk seen as indictment on governance

South Africa’s benchmark FTSEJSE Africa All Share index has slumped 23% in dollar terms since January, the worst nine-month performance since 2011, data compiled by Bloomberg shows.The Paris-based F…

Four French refineries disrupted by fourth day of strikes

It is the unplanned stuff that really gets prices moving, with diesel stocks having made no summer gains, said OilX senior oil analyst Neil Crosby.There is no need to rush to the station (for gas), To…

Strike disrupts energy sector in France

Strike disrupts energy sector in France

Members of some of France hard-left unions, including many power workers, laid down their tools on Thursday in protest of higher prices and planned pension reforms.The strike comes as independent an…

France unveils a stable budget for 2023

Ultimately, says Mujtaba Rahman of Eurasia Group, a political-risk consultancy, deficit reduction cannot be achieved without pension reform.Next year sees no drop in the expected budget deficit, which…