NewsInternational

Mon,27Jun2016

International

African markets prepare for Brexit turbulence

File photo©AP/SIPAAfrican currencies, markets and political unions are readying themselves for turmoil after Britain's vote to leave the European Union (EU) sent shockwaves through global financial markets and cast doubts on one of the most ambitious political projects in modern history.

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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Africans brace for Brexit

Photo©AP/SIPAAs British voters go to the polls in a historic referendum on the United Kingdom's membership in the European Union, many in Africa will be watching the results closely. A vote to leave the EU, dubbed 'Brexit', could trigger a recession that would hit African economies, many of which are already suffering from the commodity price slowdown.

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African mining needs a vision

Image©GlezThe expansion of mining and natural resource exploitation has been a critical factor in the highest levels of growth in Africa for more than 30 years. The resource sector's success in attracting foreign investment has often led to it being held up as a poster child for economic liberalisation.

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The making of the Orlando massacre

Omar Candelario, left, Luis Angel Candelario, right, say their last farewell to their brother Angel Candelario Padro, a 28-year-old nurse and National Guard member, as they embrace with their uncle Efrain Padro, center, at the Guanica municipal cemetery in Puerto Rico, Saturday, June 18, 2016. Photo©Carlos Giusti AP/SIPAIn the early hours of Sunday, June 12, 2016, the world woke up to the gruesome news of the worst mass shooting in US history. A lone gunman walked into a gay nightclub in Orlando killing 49 people and injuring 53 more. He himself was shot and killed by a rescue SWAT team.

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South African rand edges up as more investors bet against Brexit

Photo©ReutersSouth Africa's rand recouped some of the previous day's heavy losses against the dollar on Friday as risk appetite revived, with more bets placed on Britain voting to stay in the EU following the killing of a pro-EU lawmaker.

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