South Africa's economy is at risk of going off the grid as recurring power cuts wreak havoc on the country's businesses and households. Alongside this energy crisis, the nation's central bank is sounding the alarm over potential threats to financial stability. These concerns stem from capital outflows and the possibility of sanctions due to South Africa's stance on Russia's invasion of Ukraine.
The US has signed a trade deal with Taiwan against vehement opposition from China. The move comes as Beijing has been stepping up pressure to intimidate the self-ruled island, which it sees as its own.