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☆ Insider Today: The hottest job markets
▼ + stars: | 2023-09-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

Speaking of change and mobility, if you're looking for a new job, we have an inside look at how competitive job hunting currently is. Justin Sullivan/Getty ImagesBad news for job hunters: You're competing with more people for a job now, compared with the same time period one or two years ago. AdvertisementAdvertisementHowever, data from LinkedIn shared with Insider comparing job vacancies with active applicants paints a more complex image. Rankings were based on job market and work conditions, affordability, crime and safety, workplace diversity, and health and leisure. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Justin Sullivan, there's, Rand, Mike Steinitz, Robert Half, Steinitz, you've, Hoshino, Craig F, Walker, Pano Christou, Arantza Pena Popo, Gen Alpha, Brittany Chang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Companies, LinkedIn, Ministry of Justice, Hoshino Resorts, Brussels Airlines, Cambridge, Harvard University, Boston Globe, Getty Images, Getty Locations: Wall, Silicon, New York City, San Diego, United States, Japan, Pomfret , Vermont, Brussels, England, Massachusetts, Rhode Island, New Hampshire, situationships, Salem, Kansas, London, New York

☆ The Russian weapons Ukrainian soldiers most fear, according to an expert
▼ + stars: | 2023-09-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russian artillery launches missiles during military exercises on September 27, 2011 in Chebarkul, Chelyabinks region, Russia. AdvertisementAdvertisementRussian artillery gunners have played a crucial role in destroying or pinning down Ukrainian units seeking to advance through Russian defenses. AdvertisementAdvertisementDubbed "Putin's vultures" by Ukraine's military, the Ka-52 is highly maneuverable, fitted with tough armor, and can fire tank-busting missiles. The UK's military said that the helicopters give Russia a key battlefield advantage, and have imposed a "heavy cost" on Ukraine. "Ka-52 crews have been quick to exploit opportunities to launch these weapons beyond the range of Ukrainian air defenses," Britain's Ministry of Defence said.

Persons: Gian Gentile, Rand, Sasha Mordovets, Gentile, DJI, SERGEI SUPINSKY, Matt Dimmick, Kamov, Leonid Faerberg, Ukraine's Organizations: Service, US Army, Getty, US National Security Council, of, NGO, BBC . Russian Air Force, Ministry of Defence Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Russian, Chebarkul, Chelyabinks, Kyiv, AFP

☆ The mastermind of Russia's treacherous defenses in Ukraine appears to be in a kind of faraway 'exile' as the line is being breached
▼ + stars: | 2023-09-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russian Army Gen. Sergey Surovikin appears to be in Algeria, according to recent photos. Surovikin is the mastermind of Russia's formidable defensive lines and fortifications in Ukraine. But as Kyiv's forces break through these elaborate fortifications, the mastermind behind them is nowhere near the action. The experts cited several additional photographs of Surovikin purportedly in Algeria, which were published to Telegram by Russian sources. Insider was unable to independently verify any of the recent photographs of Surovikin shared to X and Telegram.

Persons: Sergey Surovikin, Wagner, Surovikin, Dara Massicot, Yevgeny Prigozhin —, Russia's Aerospace Forces Sergei Surovikin, Russian Armed Forces Valery Gerasimov, Staff Sergei Rudskoi, Vladimir Putin, Mikhail Metzel, subsume Wagner Organizations: Russian, Wagner Group, Service, RAND Corporation, Twitter, Institute for, Commonwealth, Independent States, CIS, Kommersant, Russia's Aerospace Forces, Staff, Russian Armed Forces, Armed Forces, Sputnik, Russian MoD Locations: Algeria, Ukraine, Africa, Wall, Silicon, Russia, Moscow, California, Washington, Yevgeny Prigozhin — Russia, North Africa, Russian, Sochi

☆ ‘So Much Suffering:’ What Migrant Children Carry to New York
▼ + stars: | 2023-09-16 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

Of the more than 110,000 asylum seekers who have recently landed in New York City, 20,000 are children now enrolled in public schools, facing challenges both familiar to any kid who has moved away and towering in their emotional complexity. More than 8,600 children in the city lost a parent to Covid. In response to these and other troubling statistics, the Adams administration released a mental health plan last March with a focus on children and teenagers and the goal of expanding clinical services in schools. The migrant crisis has been imagined largely in terms of the housing emergencies that have flowed from it. “We are seeing the highest level of mental health need we have ever seen, in our city, in our clinic, in our country,” Alan Shapiro told me recently.

Persons: Eric Adams’s, Adams, ” Alan Shapiro Organizations: Department of Health, RAND Locations: New York City, ”, York

☆ China has the capacity to build PLA combat ships at 200 times the rate that the US can, per leaked US Navy intelligence
▼ + stars: | 2023-09-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

China's shipbuilding capacity has dwarfed US capabilities, per leaked US Navy intelligence. A Navy spokesperson confirmed the leaked material's authenticity to Fox News Digital. China has the world's largest navy and could have a fleet of 440 ships by 2030, per the Pentagon. A leaked US Navy briefing slide with the information circulated online in July, per The War Zone, an online newsletter. AdvertisementAdvertisementA US Navy spokesperson told Fox News Digital in an article published on September 14 that the briefing slide is authentic.

Persons: Defense Mark Esper, Esper Organizations: Navy, Fox News Digital, Pentagon, Service, US Navy, USN Naval Force, Office of Naval Intelligence, US Naval Institute, Center for Strategic, International Studies, Defense, RAND Corporation, of Naval Intelligence Locations: China, Wall, Silicon

☆ Republicans soften on federal marijuana reform in a shift that could make it a reality
▼ + stars: | 2023-09-15 | by ( Julie Tsirkin | Liz Brown-Kaiser | ) www.cnbc.com time to read: +8 min

The SAFE Banking Act would make it lawful for legal marijuana businesses to use major financial and banking institutions. Smart Approaches to Marijuana Action, a political organization opposed to marijuana legalization, urged Tuberville to oppose the legislation in a recent letter. Financial institutions, including small and community banks, have also put pressure on lawmakers, including Tuberville, to support the bill. There's been these attempts by the chairman of the Banking Committee to add a bunch of other stuff onto it, and I think that just completely torpedoes the chances." Ahead of his re-election campaign, President Joe Biden announced his intention to pardon federal convictions for simple marijuana possession offenses at the end of last year.

Persons: Chuck Schumer, We've, Sen, Steve Daines, Sherrod Brown, Kevin Cramer, Daines, Cramer, Dan Sullivan, Lisa Murkowski, Bill Cassidy of, Cynthia Lummis of, Rand Paul of Kentucky, Susan Collins of, Kevin McCarthy of California, McCarthy, Tommy Tuberville, Steve Stafford, Tuberville, Sullivan, Jeff Sessions, Trump, Sheriff Dan Springer, Springer, I've, Jeff Merkley, Jack Reed, It's, Cory Booker of, Dave Joyce, Alexandria Ocasio, Joe Biden Organizations: U.S, Capitol, Banking, Housing, Urban Affairs, SAFE, Republicans, Democrats, GOP, Auburn University, Smart, Senators, Republican, D.C, Sheriff, HOPE Locations: Ohio, GOP Sens, Alaska, Bill Cassidy of Louisiana, Cynthia Lummis of Wyoming, Susan Collins of Maine, Washington, Gallatin County , Montana, Montana, Cory Booker of New Jersey, R, Alexandria, Cortez

☆ 'Learning period' for US commercial space regulations should be extended -US Sen. Cruz
▼ + stars: | 2023-09-13 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

REUTERS/Go Nakamura/File photo Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - A federal moratorium on commercial spaceflight safety regulations should be extended to support more innovation in the space sector, U.S. The fast-growing sector since 2004 has been shielded from federal safety regulations by what is widely called a "learning period." "Now is not the time to impose new regulations on commercial space," Cruz said, speaking on the sidelines of an industry conference in Washington. The moratorium, established by the Commercial Space Launch Amendments Act of 2004, was most recently extended in 2015. The law requires private space companies that send humans into space to have passengers sign "informed consent" documents acknowledging the absence of federal safety regulations.

Persons: Ted Cruz, Artemis, Go Nakamura, Cruz, Doug Ligor, Ligor, Kelvin Coleman, it'll, Elon, Jeff Bezos, Joey Roulette, Chris Reese, Leslie Adler, Daniel Wallis Organizations: NASA, REUTERS, Rights, Federal Aviation Administration, RAND Corporation, RAND, FAA, Spaceflight, Senate, SpaceX, Origin, Shepard, Virgin Galactic, Thomson Locations: Houston , Texas, U.S, Washington, American, Texas, Van Horn

But for rights advocates, Biden's travels were a disappointment, given his administration's vow to prioritize human rights when taking office in 2021. The White House also unveiled a Vietnam Airlines purchase of 50 Boeing 737 Max jets worth $7.8 billion. Rights advocates fear a lack of focus on human rights, while not unexpected, will not only fail to improve conditions in Vietnam and India, but risk worsening them elsewhere. Reporters asked Biden in Vietnam if he was putting U.S. strategic interests above rights and replied: "I’ve raised it (human rights) with every person I met with." "As such, the Biden administration has tended to downplay or avoid human rights discussions," he said.

Persons: Joe Biden's, Biden's, Biden, Carolyn Nash, Narendra Modi's, HRW, Nash, John Sifton, Sifton, Modi, Vietnam's, Kurt Campbell, Campbell, Murray Hiebert, Vietnamese Communist Party Chief Nguyen Phu Trong, Lam, Derek Grossman, David Brunnstrom, Humeyra Pamuk, Don Durfee, Josie Kao Organizations: Vietnam Airlines, Boeing, Max, Amnesty International, Rights, Indian, Bharatiya Janata Party, Rights Watch, Vietnam, Communist Party, U.S, Biden, U.S ., Washington's Center, Strategic, International Studies, Vietnamese Communist Party Chief, RAND Corp, Thomson Locations: Vietnam, India, Washington, Hanoi, U.S, Asia, Pacific, China, Saudi Arabia

☆ North Korea has a powerful arsenal of weapons and ammo that Russia desperately wants as it eats through its own stockpile battling Ukraine
▼ + stars: | 2023-09-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

US officials believe the two will discuss North Korea giving weapons to Russia for its war in Ukraine. North Korea boast a fearsome artillery and ammo arsenal that would boost Russia's dwindling supply. With a clear need for firepower and a dwindling group of allies to get it from, Russia is turning to North Korea. But most experts assess that there would be a severe response from Seoul and Washington if North Korea followed through on its threats. North Korea leader Kim Jong Un observes artillery fire competition in North Korea.

Persons: Kim Jong, Putin, it's, Kim Jong Un, Vladimir Putin, It's Kim's, Rand, It's, Sergei Shoigu, Kim, Shoigu, John Kirby Organizations: Service, Democratic People's, BBC, Korean People's Army, REUTERS, Rand Corp, International Institute for Stratetic Studies, ROK, DPRK, Russian Defense, North, National Security Locations: Russia, Korea, Ukraine, North Korea, Wall, Silicon, Moscow, Democratic People's Republic of Korea, North, Korean, Seoul, South Korea, Republic of Korea, United States, counterfire, Washington, Pyongyang

But most concurred it was a foreign policy triumph for Modi as he pushes to increase India’s influence on the world stage. “India’s statement embodies the voice of the emerging Global South” said Derek Grossman, an analyst focused on the Indo-Pacific at the RAND Corporation. “It’s emerging as a successful case study of Western and non-Western powers and the Global South working together to pursue shared goals,” he said. Russian President Vladimir Putin and China's leader Xi Jinping skipped the G20 summit this year. Heading into the summit, Modi had argued that the developing countries should have more say, noting that they are disproportionately impacted by many crises including climate change, food shortages and rising energy prices.

Persons: —, Narendra Modi, Rishi Sunak, Olaf Scholz, Subrahmanyam Jaishankar, ”, Amitabh Kant, Modi, “, Derek Grossman, Michael Kugelman, Wilson, Vladimir Putin, Xi Jinping, Sergey Lavrov, India's, ” Lavrov, Michael Schuman, ” Schuman, ” Kugelman, Krutika Pathi, Adam Schreck, Joanna Kozlowska Organizations: DELHI, British, United, Russia, RAND Corporation, Beijing, ”, Union, South Asia Institute, Global, Russian, Atlantic, European Union, “, Associated Press Locations: Ukraine, Russia, China, Moscow, United Nations, India, New Delhi, Brazil, South Africa, Beijing, London

☆ Opinion: Johannesburg’s hijacked souls
▼ + stars: | 2023-09-09 | by ( Eleni Giokos | ) edition.cnn.com time to read: +7 min

Born in Greece and raised in South Africa, she presents the network’s Connecting Africa and Marketplace Middle East feature shows. Either abandoned by their owners or surrendered to gangs, these “hijacked” buildings typically house migrants or poverty-stricken locals in downtown Johannesburg. The first time I visited one of these buildings I was based in South Africa as a correspondent, and what I found was shocking. “I can take you to buildings 10 times worse than this,” the mayor told me. Some of the gangs were not even from South Africa, we were told.

Persons: Eleni Giokos, Read, Herman Mashaba, “, Renney Plit, Plit, Afhco, Becky Anderson, ” Mashaba, ”, Anderson, Cyril Ramaphosa Organizations: CNN, Afhco Holdings, Twitter, Facebook South Locations: Dubai, Greece, South Africa, Johannesburg, Zimbabwe, ”

☆ Raymond Ackerman, founder of South African grocer Pick n Pay, dies at 92
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, Sept 7 (Reuters) - Raymond Ackerman, who founded Pick n Pay (PIKJ.J) from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers, has died aged 92, the company said on Thursday. "It is with profound sadness that we announce the death at the age of 92 of visionary South African, and founder of Pick n Pay, Raymond Ackerman," the company said. The Ackermans retail group was later sold to competitor Greatermans, which started the supermarket group Checkers, now part of bigger rival Shoprite (SHPJ.J). After leaving Greatermans, Ackerman bought four small stores in Cape Town trading under the name Pick 'n Pay. Today it generates 106 billion rand in annual turnover and owns more than 2,000 stores across South Africa and seven other African countries.

Persons: Raymond Ackerman, Gus, Ackerman, Gareth, Pick, Nqobile Dludla, Christina Fincher Organizations: Greatermans, Thomson Locations: JOHANNESBURG, Greatermans, Cape Town, South Africa

That has put pressure on risky EM currencies, echoing the dynamics observed last year when the Fed began raising rates. In the Sept. 1-6 poll, almost all beaten-down emerging market currencies were forecast to move little, or trade modestly higher against the dollar in a year, with some making small gains in three months. The underperformance of China has probably been the biggest story holding back EM currencies." Earlier this year, many analysts expected China's reopening to boost the yuan and other EM currencies, especially those exporting commodities to the world's second-largest economy, but this scenario did not unfold as anticipated. Through the end of this year, we believe most EM Asia currencies can weaken," said Nick Bennenbroek, international economist at Wells Fargo.

Persons: Chris Turner, Nick Bennenbroek, Hugo Pienaar, Devayani Sathyan, Veronica Khongwir, Jonathan Cable, Sharon Singleton Organizations: Treasury, greenback, Fed, ING, Reserve Bank of India, Korean, Bureau for Economic Research, Thomson Locations: BENGALURU, JOHANNESBURG, China, Asia, Wells Fargo, Russian, South Africa, Bengaluru

☆ South African rand firms after consumer confidence, current account data
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Sept 7 (Reuters) - The rand recovered some losses on Thursday after a consumer confidence index improved, although new data also showed that South Africa's current account deficit had widened. "Today's consumer confidence and current account figures beat estimates providing some encouragement in what has been a tough year for South Africa with the rand attempting to claw back some lost gains," said DailyFX analyst Warren Venketas. Central bank data earlier on Thursday showed South Africa's net foreign reserves fell to $55.444 billion by the end of August from $55.626 billion in July. South Africa's benchmark 2030 government bond was stronger, with the yield down 2.5 basis points to 10.385%.

Persons: Mike Hutchings, Warren Venketas, Tannur Anders, Nellie Peyton, Bhargav Organizations: REUTERS, Rights, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, Africa, Johannesburg

CNN —The United States has decided to send controversial depleted uranium munitions to Ukraine for the first time, as part of a new aid package worth more than $1 billion announced Wednesday. Here’s what you need to know about depleted uranium munitions – and why their use has sparked questions. What is depleted uranium? But depleted uranium is extremely dense, making it a highly effective projectile. When depleted uranium munitions strike a tank’s armor, it can ignite and produce uranium dusts or aerosol particles, which, if inhaled, can enter the bloodstream and may cause kidney damage.

Persons: ” Edward Geist, Antony Blinken's, –, Sabrina Singh, ”, Singh, “, Joe Biden’s, Vladimir Putin, …, ” Putin, Putin, Sergei Ryabkov Organizations: CNN, Abrams, RAND Corporation, RAND, Associated Press, US, International Atomic Energy Agency, IAEA, United Nations, Pentagon, United, British Army Locations: United States, Ukraine, Washington, Kyiv, Moscow, Here’s, United Kingdom, “, West, Russia

Senate Minority Leader Mitch McConnell shrugged off questions about his health on Wednesday after speculation and concern have run rampant since he appeared to freeze up at an event last week. “I think Dr. Monahan covered the subject fully,” McConnell said, noting that he plans to finish his term in the Senate, which ends in 2027, and as leader. Monahan, in a letter released Tuesday, said he found “no evidence” that McConnell experienced a stroke or seizure or has a movement disorder like Parkinson’s disease. Political Cartoons View All 1146 ImagesThe comments came after McConnell addressed his health at the Senate GOP caucus meeting on Wednesday. But others have cast doubt on the physician’s conclusions, including McConnell’s Kentucky counterpart, Sen. Rand Paul, an ophthalmologist.

Persons: Mitch McConnell shrugged, McConnell, Brian Monahan, “, Monahan, ” McConnell, Sen, Lindsey Graham of, Shelley Moore Capito, West Virginia, Mitt Romney, he’s “, Rand Paul Organizations: Capitol, GOP, Wednesday, Senate Republicans, Kentucky Locations: Lindsey Graham of South Carolina, West, Utah

☆ The Capitol physician said Mitch McConnell's health scares may have been a result of dehydration. Sen. Rand Paul doesn't believe it.
▼ + stars: | 2023-09-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Senate Minority Leader Mitch McConnell had two recent health scares while at press conferences. The Capitol physician said McConnell may have just been dehydrated and didn't have a stroke. GOP Sen. Rand Paul, also a licensed physician, said he doesn't believe the physician's diagnosis. But on Tuesday afternoon, Paul, a licensed ophthalmologist, who graduated from Duke Medical School in 1988, told reporters he disagreed with the Capitol physician's findings. AdvertisementAdvertisement"To have the Senate doctor describe it as dehydration," Paul said, "I think even non-physicians seeing that probably aren't really accepting that explanation."

Persons: Mitch McConnell, McConnell, GOP Sen, Rand Paul, doesn't, Republican Sen, Mitch McConnell's, Brian P, Monahan, Paul, it's, Sen, Rick Scott Organizations: Capitol, GOP, Service, Republican, Duke Medical School, Politico Locations: Wall, Silicon, Kentucky

WASHINGTON (AP) — The government is worried about the safety of chemical facilities across the country after its power to keep dangerous substances out of the hands of extremists lapsed a month ago. Homeland Security officials say this left gaping holes in the country's national security, and they are calling on Congress to act quickly when it returns this week. The Cybersecurity & Infrastructure Security Agency, which falls under DHS, then determines whether the facility is considered high risk and therefore must develop a security plan. Congress gave the department the authority to begin the chemical security program in 2006, and it went into effect the following year. Homeland Security officials say the program's lapse has left them without a vital security tool.

Persons: Alejandro Mayorkas, ”, Kelly Murray, Sen, Rand Paul, Paul, ” Paul, there's, Murray, she's, reauthorized, they're, Matt Fridley, “ They’re, Scott Jensen Organizations: WASHINGTON, Department of Homeland Security, Chemical, Homeland Security, Homeland, Chemical Security, Infrastructure Security Agency, DHS, Congress, Kentucky Republican, & Infrastructure Security Agency, American Chemistry Council Locations: Virginia, Kentucky

A few years ago, the charity ran out of money and quietly stopped operating, so the building began filling up with drug users and desperately poor migrants, residents said. Spokespeople for the City of Johannesburg and police did not respond to requests for comment about the residents' accounts. But Johannesburg city manager Floyd Brink said there was a plan to get hijacked buildings back under control. But human rights groups took them to court, said Annie Michaels, an activist from the Johannesburg Migrants Advisory Panel, which has been supporting migrants in the building. Shocked at the state of the building, Jack urged her brother Dube to move, but he never did.

Persons: Sihle Dube, didn't, Dube, Bertha Gxowa, Angela Rivers, Kabelo Gwamanda, Floyd Brink, Cyril Ramaphosa, Ramaphosa, contemptuously, Thando, Ethel Jack, Jack, I've, Chinte Mustafa, Annie Michaels, Michaels, he'd, Tim Cocks, Alexandra Zavis, Ros Russell Organizations: Association, City, Bertha, REUTERS, Thomson Locations: Johannesburg Fire, JOHANNESBURG, Johannesburg, Germiston, Johannesburg's, South, South Africa, Africa, Utrecht, Malawi

☆ Johannesburg fire: what are 'hijacked buildings' and why are they dangerous?
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

A firefighter works at the scene of a deadly fire which occurred in the early hours of the morning in Johannesburg, South Africa, August 31, 2023. REUTERS/Shiraaz Mohamed Acquire Licensing RightsJOHANNESBURG, Aug 31 (Reuters) - More than 70 people were killed overnight when fire raged through a five-storey Johannesburg apartment block that may have been rented out illegally, known as a "hijacked building":WHAT ARE HIJACKED BUILDINGS AND WHEN DID THE ISSUE BEGIN? In some instances, the syndicates occupied buildings with fraudulent title deeds, said Angela Rivers, general manager at Johannesburg Property Owners and Managers Association. Rivers said she was aware of 57 known hijacked buildings in the Central Business District alone, mostly owned by the city or the provincial government. Lebogang Isaac Maile, the head of the Human Settlements department for Gauteng province, said 23 hijacked buildings had been identified in Johannesburg as in need of development.

Persons: Shiraaz Mohamed, Angela Rivers, Rivers, Kabelo Gwamanda, Edward Molopi, Lebogang Isaac Maile, Bhargav Acharya, Catherine Schenck, Tim Cocks, Nick Macfie Organizations: REUTERS, Rights, Association, Central Business District, Economic Rights Institute, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, South Africa's, Gauteng

Below are five charts showing what's been moved and/or shaken:1/SHOCK FOR THE STOCKSMSCI's 24-country emerging markets (EM) stocks index (.MSCIEF) is down 6% this month. It is still up for the year, though well below the 13.5% gain this year for MSCI's main global index, which has benefited from a boom in U.S. "mega-cap" stocks. "The markets that have underperformed are the lower-yielding markets like Asia," Mike Arno, a portfolio manager at Brandywine Global, said. "The market doesn't seem to think that China is a major threat," said Aegon Asset Management's head of EM debt, Jeff Grills. Reuters Graphics5/OUT OF AFRICAThe other big trouble spot has been Africa, where debt markets have seen a sharp pullback.

Persons: Jason Lee, what's, Tayyip Erdogan's, Katherine Marney, Mike Arno, Jeff, Erdogan, Van Eck's, Eric Fine, Viktor Szabo, Szabo, Marc Jones, Rodrigo Campos, Alex Richardson Organizations: REUTERS, Reuters, JPMorgan, Brandywine, FX, HK, EMBI, abrdn, Thomson Locations: Beijing, China, Africa, MIWD00000PUS, Hungary, America, Brazil, Argentina, Asia, TURKEY, Gabon, Niger, JPMorgan's Africa, London, New York

The government, rights activists say, has prioritized building private apartments and student accommodations, which are more profitable than public housing. “People are occupying these buildings because there’s nowhere else where they can access the inner city,” said Khululiwe Bhengu, a senior attorney with the Socio-Economic Rights Institute of South Africa, a nonprofit. The government, rights activists say, has prioritized the building of private rental units and student accommodations, which are more profitable than the public housing for which poor residents fill long waiting lists. These buildings have slowly filled up with those who could not afford to live elsewhere, she said, as poorer residents found makeshift solutions the government was not providing. “There’s a lack of political will to keep poor people in the inner city,” she said.

Persons: ”, Khululiwe Bhengu, Thami Hukwe, Bhengu Organizations: Economic Rights Institute of Locations: Johannesburg, Economic Rights Institute of South Africa, “, Africa, ”, Gauteng Province

☆ Sibanye brings in Chinese partner for Mopani Copper Mines bid
▼ + stars: | 2023-08-29 | by ( Felix Njini | ) www.reuters.com time to read: +3 min

The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.

Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM

☆ Opinion: Putin’s virtual bravado, Xi’s big win, and 6 new members. Why this was a summit like no other
▼ + stars: | 2023-08-25 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +8 min

The move breathes new life into a group set to rival the G7 and brings the world closer to multi-polarity. BRICS leaders could be forgiven for not knowing whether to exhibit exuberance or concern on Wednesday. (Summit host, South African President Cyril Ramaphosa, said it should be seen as an accomplishment for the entire BRICS bloc.) Hours later, just as BRICS leaders were sitting down to dinner, news alerts started to steal the show on the crashed private jet said to be carrying Wagner Group boss Yevgeny Prigozhin. Host South Africa just manages to pull it offThat South Africa managed to pull off hosting the summit is an accomplishment in itself.

Persons: Michael Bociurkiw, Michael Bociurkiw Chrystia, “, —, Xi Jinping, you’ve, Nicolás Maduro, Russia’s, Cyril Ramaphosa, Yevgeny Prigozhin, Wagner, couldn’t, Swagger, I’ve, Modi, Vladimir Putin’s, Sergey Lavrov, Lula da Silva, Lula, Vladimir Putin, Michele Spatari, It’s, ” Nontsikelelo, Facebook Xi, Xi, Putin Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Johannesburg CNN, United Arab, —, for Security, UN, Wagner, Getty, Democratic, Twitter, Facebook, National Congress, ANC Locations: Odesa, Europe, Johannesburg, Brazil, Russia, India, China, South Africa, Saudi Arabia, United Arab Emirates, Iran, Argentina, Egypt, Ethiopia, Africa, ”, Beijing, Donbas, Ukraine, AFP, Democratic Republic of Congo, Cameroon

☆ South African rand pares losses after Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

South African Rand coins are seen in this illustration picture taken October 30, 2020. At 1528 GMT, the rand traded at 18.6550 against the dollar , about 0.9% stronger than its previous close, after gaining as much as 1% earlier in the day. The rand has had a turbulent week, contributing to its over 4% losses month-to-date. The risk-sensitive rand often takes cues from global factors like U.S. monetary policy in the absence of domestic economic data cues. South Africa's benchmark 2030 government bond was weaker, with the yield up 1 basis points at 10.210%.

Persons: Mike Hutchings, Jerome Powell, Danny Greeff, Jackson, Greeff, Tannur Anders, Sonia Cheema, Devika Syamnath, Jonathan Oatis Organizations: REUTERS, Rights, U.S . Federal Reserve, Treasury, Analytics, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, United States, Johannesburg

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