Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
(Adds minister quote, adds citrus impact)
CAPE TOWN, July 11 (Reuters) - A go-slow by workers at a major South African port is hitting exports of cars and other commodities, the country's Public Enterprises Minister Pravin Gordhan said on Thursday.
State-owned rail operator Transnet said it had suspended a number of employees at its Ngqura Container Terminal for engaging in what it said was an illegal industrial action.
"We are getting reports of a go-slow at some of our ports which is beginning to (have an) impact on the export of vehicles from South Africa in particular but perhaps other commodities as well," Gordhan, whose portfolio includes Transnet, said.
Carmakers including Ford, BMW and Nissan have invested billions of dollars to upgrade assembly plants and boost exports from Africa's top automotive hub.
The action was also beginning to hit other sectors, with the chief executive of South Africa's Citrus Growers Association Justin Chadwick saying it had cost the industry around 100 million rand ($7.2 million) so far.
"If you miss a week's sales you don't get that week back. Then the other thing is the quality of the fruit, its been held back in the port for longer than usual and as a result the quality is impacted when it arrives in the market," he said.
Chadwick adding that around 25% of the country's citrus fruit exports are moved through the port.
Transnet said in a statement that operations at the Durban container port had also been hit by equipment failure and high rates of absenteeism. (Reporting by Wendell Roelf and Tanisha Heiberg; Writing by Nqobile Dludla; Editing by Mark Potter and Alexander Smith)