Top Stories

CNN

Mark Carney, a finance veteran, elected as Canada’s Liberal Party leader, set to succeed Prime Minister Justin Trudeau. Despite lack of political experience, he aims to navigate economic challenges, including US trade tensions. Transition expected to be swift. Carney advised on Covid-19 recovery, joins politics after Trudeau’s resignation. Unconventional path to premiership without parliamentary seat.

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Al Jazeera

President Trump initiates new trade war with China, imposing 20% tariff on Chinese imports over fentanyl exports. Beijing retaliates with 10-15% tariffs on US agricultural goods. Chinese Foreign Ministry vows to fight any type of war till the end. Both countries facing different conditions compared to previous trade war in 2018.

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Daily Maverick

Officials from DRC’s ex-president Kabila’s party summoned by military prosecutor amid tensions over Rwanda-backed rebels. US open to minerals partnerships with DRC, rich in cobalt, lithium, uranium. State Department considering minerals-for-security deal, aligning with America First Agenda. Discussions ongoing, seeking responsible and transparent mining partnerships.

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Express.co.uk

Madagascar, Africa’s largest island, is a hidden gem with stunning landscapes and unique attractions. Despite being smaller than Australia, it has a larger population. The island is the fourth largest globally and offers beautiful spots like the Avenue of the Baobabs and Nosy Iranja beach.

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BusinessTech

Eskom successfully restores Koeberg Unit 2 after steam leak, gradually increasing output to full capacity of 930MW. Unit’s return to service alleviates strain on national grid, following Stage 3 load shedding. Eskom emphasizes adherence to safety protocols and global standards at Koeberg Nuclear Power Station, a key player in South Africa’s energy generation mix. Unit 1 also granted license extension for another 20 years.

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Daily Maverick

BEE in South Africa aims to reduce racial inequality through social engineering, but faces criticism for absurd consequences. Burger King owners couldn’t sell shares to foreign investors, risking BEE compliance. Legal battles in mining industry over “once-empowered, always empowered” concept.

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My Broadband

Twitter/X experienced intermittent outages globally, impacting users in South Africa, US, UK, France, and India. The disruptions lasted a few minutes each, with some users still unable to access the service 30 minutes after the third outage. Over 40,000 US users reported issues. Elon Musk, who renamed Twitter as X, did not address the outage on his account.

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BusinessTech

South Africa’s budget faces challenges amid global trade war as US funding is pulled. Business Leadership South Africa CEO warns of tough times ahead, with government needing to adjust to new global dynamics. Recent cuts in US funding impact HIV fight and energy transition deals. President Ramaphosa’s criticism of Trump and Israel led to funding withdrawal.

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The South African

Phalaborwa’s Eden Square Mall engulfed in fire, residents shocked. Cause unknown, fire suppression system malfunctioned due to water shortage. Cable fault led to burst water line, workers turned off water for repairs. Stay tuned for updates.

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My Broadband

Microsoft and Google are increasing prices and adding ads to products to offset costs of generative AI integration. Despite the hype, tech companies struggle to monetize AI investments. Microsoft canceled data center leases and raised 365 software prices by up to 45%. CEO Satya Nadella questions AI’s value. The industry faces challenges in making consumers pay for AI features.

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