Rand gains as markets await BRICS summit details
South Africa’s rand strengthened on Monday as traders waited for clearer signals from the BRICS summit in Kazan. Investors were watching closely for any concrete steps that could affect trade,…
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South Africa’s rand strengthened on Monday as traders waited for clearer signals from the BRICS summit in Kazan. Investors were watching closely for any concrete steps that could affect trade,…
South Africa’s rand slid to a three-month low on Monday as investors reacted to growing uncertainty over possible higher U.S. tariffs on BRICS countries. The move added pressure to emerging-market…
Meta has introduced the latest version of its Llama artificial intelligence model, adding fresh momentum to the company’s push in generative AI as businesses rapidly expand their use of the…
Russia carried out its largest drone attack on Kyiv since the start of its full-scale invasion, according to Ukrainian officials, as air-raid sirens sounded across the capital and nearby regions. The…
The New Development Bank, created by BRICS members, is preparing to sell its first bond denominated in South African rand. The move would expand the lender’s local-currency funding strategy and…
Anthropic has introduced Claude 4, the latest version of its large language model, and says it performs better on difficult reasoning tasks than earlier releases. The company also says the new model…
The World Health Organization said Tuesday that a new malaria vaccine has shown strong results in a late-stage clinical trial, marking a potentially important advance in efforts to reduce one of the…
The South African rand slipped to an 11-week low on Monday as traders prepared for a BRICS summit and assessed the broader risks facing emerging-market assets. The move reflected renewed caution in…
OpenAI has introduced GPT-5, the latest version of its artificial intelligence model, along with a new safety framework aimed at large-scale business deployment. The company says the update brings…
U.S. mortgage rates eased slightly this week as markets absorbed the Federal Reserve’s signal that it is in no rush to cut rates further. Freddie Mac said the average rate on a 30-year fixed mortgage…
OpenAI is setting up a dedicated team to examine the risks that could emerge if artificial intelligence systems become far more capable than today’s models, according to Reuters. The move comes as…
Nvidia has introduced its Blackwell B200, the company’s latest AI chip, as demand for high-performance computing hardware continues to climb across the enterprise market. The announcement adds to…