The ANC’s free-fall, the return of Jacob Zuma and a new era of coalitions. https://ift.tt/odmUfFs May 31, 2024 at 12:04PM
The unprecedented New York case featured more than a month of drama. https://www.wsj.com/articles/trump-hush-money-trial-highlights-key-moments-8e040628
The internet erupted after a New York City jury found former President Trump guilty in his hush money trial on Thursday. Trump was found guilty on all 34 counts of falsifying business records, which concluded a six-week trial at the Manhattan court. The verdict also made Trump the first former U.S. president to be convicted…
The ANC vote share is on course to drop below 50% for the first time in three decades. https://ift.tt/9JtrL6y May 31, 2024 at 11:05AM
Base metals and gold were lower after U.S. GDP data indicated slower than initially estimated growth in the first quarter and ahead of a key inflation report later on Friday. https://www.wsj.com/articles/gold-steady-on-fed-rate-cut-hopes-523c0586
Lloyd Austin and China’s new defense minister reaffirmed the plan as part of an effort by both sides to prevent frictions in Asia from shattering a fragile rapprochement. https://www.wsj.com/articles/u-s-chinese-defense-chiefs-confirm-plan-to-reopen-hotlines-in-first-face-to-face-meeting-2710b678
Oil prices extended their recent losses following an unexpected build in U.S. gasoline inventories and disappointing factory activity in China. https://www.wsj.com/articles/oil-edges-lower-on-signs-of-slower-u-s-economic-growth-5551c19f
The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group back to the lender, it said on Friday, decreasing its stake to about 22.5% from nearly 26% previously. https://www.cnbc.com/2024/05/31/britain-cuts-stake-in-natwest-via-1point24-billion-share-sale.html
Mary Anderson cleared glass windshields and broke glass ceilings. The southern belle, born in Alabama in the immediate aftermath of the Civil War, gave the world one of its most widely used safety devices. Anderson patented windshield wipers. She was, in many ways, a real-life Scarlett O’Hara of “Gone with the Wind” movie fame. MEET…
The People’s Bank of China will sell Treasury bonds when necessary, the Financial News has reported, stoking fresh discussion about whether the central bank should trade Treasury bonds on the secondary market as a way to manage liquidity. https://www.wsj.com/articles/chinese-state-media-hint-at-possible-pboc-bond-selling-befe5fef