Greek Prime Minister-elect Alexis Tsipras forged an anti-austerity alliance within hours of his election victory, challenging European peers with a declaration that the era of bowing to international demands for budget cuts is over.
This information has been prepared by IG, a trading name of IG Markets Limited.
Below are key quotes from the session The Global Economic Outlook at Davos 2015.
“The power system is severely constrained today due to unforeseen technical problems at power stations,” Eskom said in a statement.
The World Economic Forum Annual Meeting ended today with a Co-Chairs debate on the Global Agenda 2015. The session closed a week-long meeting on the world’s most pressing issues and long-term challenges, including inequality, climate change and terrorism.
The euro skidded to an 11-year low and stock prices fell on Monday as Greece’s Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
Petra Diamonds Ltd said on Monday it expected full-year results below analysts’ average forecast, citing softness in the diamond market.
South Africa’s rand was stable against the dollar early on Monday while bond yields hovered near 20-month lows, as emerging markets continued to benefit from the European Central Bank’s larger-than-expected stimulus package.
Zambia will maintain a new mineral royalty tax despite fears that it could lead to mine closures, President Edgar Lungu said on Sunday as he was inaugurated in the nation’s capital.
The EFF would go nude in the National Assembly if they were to be barred from wearing their red overalls, gumboots and maid uniforms, The Star reported on Monday.