EIT invests €63 million to boost innovation in European universities
The European Institute of Innovation and Technology (EIT) has announced a €63 million investment to strengthen the innovation and entrepreneurial ca...
South Africa could lose around 100,000 jobs due to the 30% U.S. import tariff set to take effect on 1 August, according to he Governor of the South African Reserve Bank (SARB) Lesetja Kganyago. The agriculture and auto sectors face the hardest hit, especially citrus, grapes, and wine.
Speaking to local radio station, Kganyago said the tariffs would be devastating for low-skilled agricultural workers and highlighted a concerning 80% drop in South African car exports to the U.S. since Trump’s administration imposed tariffs in April.
"The impact in agriculture could actually be quite devastating because agriculture employs a lot of low-skilled workers, and here the impact is on citrus fruit, table grapes and wines," Kganyago said.
South Africa already faces a severe unemployment crisis, with the official jobless rate at 32.9% and the broader figure exceeding 43%.
Farmer groups also raised alarms, warning that the citrus industry alone could see 35,000 job losses, especially in towns such as Citrusdal that rely heavily on U.S. markets.
Exporters of macadamia nuts, fruit juices, wines, and ostrich leather are also expected to be hit hard unless alternative trade measures are found.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
Five people were injured during the fifth day of Pamplona’s San Fermin bull run, as bulls from the Jandilla ranch in Spain completed the route in this year’s fastest time.
The European Institute of Innovation and Technology (EIT) has announced a €63 million investment to strengthen the innovation and entrepreneurial capacity of Higher Education Institutions (HEIs) across Europe.
The Italian Justice Ministry has announced that the country may release around 10,000 people from prison to ease overcrowding.
A Swedish court has convicted three men as accomplices in the murder of award-winning hip-hop artist C.Gambino, who was killed last year.
Indonesia has reached a trade agreement with the United States that lowers proposed U.S. tariffs on Indonesian exports from 32% to 19%, following direct negotiations between Presidents Prabowo Subianto and Donald Trump. The deal, which includes major purchase commitments, is seen as a strategic win.
Israeli Prime Minister Benjamin Netanyahu has issued a strong warning to the country's Druze community, urging them not to cross the border into Syria amid intensifying clashes in the southern province of Sweida.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment