Bloomberg Oil turned around last week’s setback, extending a slow but relentless rise since falling into negative territory in April. US benchmark crude futures rose 2.3% to close at the highest level since March 6. The 9.6% increase for the week marks the seventh gain in the last eight weeks. Oil traders Vitol Group and Trafigura Group and exporter Saudi ...

Bloomberg South Africa’s debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of the decade, according to a document presented by Finance Minister Tito Mboweni and seen by Bloomberg. Mboweni made the presentation to the National Economic Development and Labour Council, according to posts on his Twitter and Facebook pages. ...

Abu Dhabi / WAM The UAE welcomed the adoption of a draft resolution submitted by France, Germany, and United Kingdom by the Board of Governors of the International Atomic Energy Agency (IAEA) calling on Iran to fully cooperate with the agency and meet its demands without delay, including providing immediate access to several of Tehran’s nuclear sites. The UAE praised the ...