Mac Lachlan Tax
Tim Loh, Bloomberg on 29/07/2026

BMW offers severance packages to employees to cut 8 000 jobs

As the carmaker tries to become leaner to better compete with rivals from China.

T Tim Loh, Bloomberg
Tania Broughton, GroundUp on 29/07/2026

Ex-lottery officials ordered to repay R6m for ghost sports complex

Former National Lotteries Commission officials, foundation members and companies diverted funds for a Soweto sports complex that was never built.

T Tania Broughton, GroundUp
Borges Nhamire, Bloomberg on 29/07/2026

Mozambique picks Chinese investors to build one-stop border post

Adding to two other logistics deals secured by the firms.

B Borges Nhamire, Bloomberg
Angelina Rascouet, Bloomberg on 29/07/2026

Hermès sales rise as brand shows resilience during luxury slump

Revenue rose 6.7% at constant exchange rates in the second quarter to about €4.1bn, Hermès International SCA said.

A Angelina Rascouet, Bloomberg
Andrew Martin, Bloomberg on 29/07/2026

OpenAI models accessed cloud platform before Hugging Face hack

The agent gained access to an isolated testing environment known as a sandbox that Modal was running for a customer, said Akshat Bubna.

A Andrew Martin, Bloomberg
Giles Turner, Bloomberg on 29/07/2026

UEFA considering boycott of FIFA tournaments

In a seismic rift between the most powerful governing bodies of football.

G Giles Turner, Bloomberg
Jordan Fitzgerald, Bloomberg on 29/07/2026

Ford soared 44% on AI hype, now traders want proof it’s real

Ford shares were up 1.5% Tuesday as of 2:30 p.m. in New York.

J Jordan Fitzgerald, Bloomberg
Antony Sguazzin and Rene Vollgraaff, Bloomberg on 29/07/2026

China bolsters its influence over Africa’s youth, survey shows

While nations ranging from Germany and the UK to India are now viewed more favourably than the US.

A Antony Sguazzin and Rene Vollgraaff, Bloomberg
Yihui Xie, Bloomberg on 29/07/2026

Gold wavers as Fed rate decision looms and Mideast tensions rise

Spot gold rose 0.1% to $4 033.32 an ounce at 6:56 a.m. in London.

Y Yihui Xie, Bloomberg
Giles Turner, Bloomberg on 29/07/2026

FIFA explores external investment with $20bn vehicle

With football’s governing body opening itself to outside investment for the first time.

G Giles Turner, Bloomberg