The South African rand will see a significant appreciation against the U.S. dollar by the end of the year, as much of the macroeconomic risk facing the country is already priced in, according to Absa CIB Head of Currency Strategy Mike Keenan.
The U.K.'s Foreign Secretary Dominic Raab is in Washington to meet with Secretary of State Mike Pompeo and House Speaker Nancy Pelosi, among other senior officials, as Britain seeks to reassure its U.S. partners on Brexit negotiations.
Over 22 million creators made more than 41.7 billion yuan ($6.15 billion) on the platform over the past year, ByteDance China CEO Kelly Zhang said at the Douyin Creator Conference in Shanghai.
ByteDance is known as China's most famous consumer app factory. The company is behind social media apps like international sensation TikTok, Douyin, and AI-powered news aggregator Toutiao. CNBC's Nessa Anwar explores the meteoric rise of the Chinese tech giant.
Finnish energy firm Neste is seeing a so-called "K-shape" recovery from the coronavirus pandemic, with different segments of the business on opposite trajectories, CEO Peter Vanacker said.
Australia and China need to find common ground despite their differences, as the economic relationship between the two is an important one, said John Howard, former Australian prime minister.