Gearing up for their most significant election since the end of apartheid on May 29, South Africans focus on the country’s pressing energy challenges. For over thirty years, the African National Congress (ANC) has been at the helm, dominating elections since 1994. But this year, under President Cyril Ramaphosa, the party faces hurdles. The core […]
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South Africa’s Pivotal Election: ANC at a Crossroads
South Africans are gearing up for a critical election on May 29, marking the nation’s seventh vote since apartheid ended in 1994. The ruling African National Congress (ANC), after 30 years in power, faces the risk of losing its majority. Analysts predict ANC may not secure 50% of 400 National Assembly seats, possibly resulting in […]
Moody’s Warns of Argentina’s High Debt Default Risk
Argentinian bonds are among the cheapest globally and perform worse than those from Ukraine, a country currently at war. Sergio Massa, the current Economic Minister and a candidate for President, recently spoke about this. He said the prior debt restructuring was not effective. In this setting, Moody’s Investors Service issued a warning. They say Argentina’s […]
Wells Fargo Q3 Profits Drop 11%, Beat Expectations
Wells Fargo, a major player in the American banking sector, released its third-quarter earnings report for 2024 on October 11. The bank’s financial results painted a picture of resilience in the face of industry-wide challenges. Wells Fargo’s net income for the quarter reached $5.11 billion, translating to $1.42 per share. This figure marked an 11% […]