South Africa hikes rates as it steps up inflation fight – Reuters.com South Africa’s central bank on Thursday increased its main lending rate by the largest margin in more than six years as it stepped up efforts to fight inflation, sending the rand higher.

Russian sanctions: Canada bans some luxury goods – CTV News Foreign Minister Melanie Joly announced a fresh wave of sanctions against Vladimir Putin’s regime on Friday including a ban on importing Russian vodka, caviar and diamonds. The ban on the import of certain luxury goods from Russia will tighten the net on the …