Currency

South African Reserve Bank raised its policy rate by 25 basis points to 7%, its first increase in three years. The rand strengthened to 16.32 per US dollar at 1410 GMT, a 0.3% gain from the previous c

Wix announced it will cut about 20% of its workforce, citing a stronger Israeli shekel and AI-driven operational changes. CEO Avishai Abrahami said the shekel’s appreciation raises costs for Israel‑ba