Joe Bavier

Johannesburg

Africa Business Correspondent at Reuters

@Reuters Africa Business Correspondent based in Joburg. Views here are mine alone. Get in touch! [email protected]

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Articles

UK Grocery Inflation Hits Highest Level in 15 Months, Kantar

1 week ago | gurutrade.com | James Davey |Paul Sandle |Joe Bavier

UK grocery inflation jumps to 4.1% in 4 weeks to May 18 UK grocery sales up 4.4% Tesco, discounters, Ocado perform well Asda remains industry laggard but improving LONDON, May 28 (Reuters) - British grocery price inflation jumped to 4.1% for the four weeks to May 18, its highest level since February last year, adding to pressure on consumers already facing higher household bills, data from market researcher Kantar showed on Wednesday.
Euro Logs One-Month High after Trump Delays EU Tariffs

1 week ago | gurutrade.com | Kevin Buckland |Lincoln Feast |Joe Bavier |Rachna Uppal

Euro touches highest since late April Safe-haven currencies retreat as sentiment improves Dollar assets also pressured by Trump's sweeping tax bill TOKYO/LONDON, May 26 (Reuters) - The euro hit a one-month high against the U.S. dollar on Monday after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to "reach a good deal".
Sibanye says 289 workers trapped in South African gold mine

2 weeks ago | zawya.com | Felix Njini |Bhargav Acharya |Bate Felix |Joe Bavier

JOHANNESBURG - South Africa's Sibanye Stillwater said on Friday that efforts were under way to rescue 289 mine workers trapped underground at one of its shafts at the Kloof gold mine near Johannesburg. The workers were safe and gathered at an assembly point in the underground gold mine, one of the company's deepest located around 60 km (37 miles) west of Johannesburg, it said.
Porsche faces investor backlash over CEO’s dual role with VW

2 weeks ago | tuscaloosanews.com | Ilona Wissenbach |Madeline Chambers |Joe Bavier

Ilona WissenbachReutersInvestors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sports car maker to cut its outlook.
Frustrated Porsche investors call for CEO Blume to drop dual Porsche-VW role

2 weeks ago | today.westlaw.com | Madeline Chambers |Ilona Wissenbach |Joe Bavier

FRANKFURT (Reuters) -Investors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sportscar...
Energy storage boom drives battery shift, leaving nickel, cobalt behind

2 weeks ago | today.westlaw.com | Eric Onstad |Veronica Brown |Joe Bavier

LONDON (Reuters) -When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility - Europe's largest once completed - was far from a done deal.
Amazon investors again reject all shareholder proposals

2 weeks ago | today.westlaw.com | Greg Bensinger |Bill Berkrot |Joe Bavier

(Reuters) -Amazon.com investors at its annual meeting again rejected all outside shareholder resolutions, including three meant to address the online retail giant's impact on climate change. Voters approved the reelection of 12 directors and proposed...
Product safety commission members sue Trump administration over terminations

2 weeks ago | today.westlaw.com | Aurora Ellis |Mike Scarcella |David Bario |Joe Bavier

(Reuters) -Three Democratic members of the U.S. Consumer Product Safety Commission sued the Trump administration on Wednesday, alleging their terminations were unlawful.
Huawei Launches 1st Laptops Using Home-Grown Harmony Operating System

2 weeks ago | gurutrade.com | Che Pan |Brenda Goh |Joe Bavier

Huawei launches laptops with HarmonyOS as U.S. restricts tech New operating system for computers takes on Microsoft, Apple BEIJING, May 19 (Reuters) - Huawei launched two new laptop models on Monday, the first sold with its own Harmony operating system, in a bid to take on well-established Western Big Tech rivals even as the United States seeks to limit its access to crucial chips.
Bank Indonesia to Cut Rates on May 21 as Rupiah Stabilises: Poll

2 weeks ago | gurutrade.com | Rahul Trivedi |Veronica Khongwir |Susobhan Sarkar |Joe Bavier

20 of 32 economists expect BI to cut rates by 25 bps on May 21 BENGALURU, May 19 (Reuters) - Bank Indonesia (BI) will resume its easing cycle on Wednesday with a quarter-point interest rate cut as the rupiah's recent strength gives the central bank room to focus on supporting economic growth, a Reuters poll of economists found.