Scarborough, a once quiet conservation village in the Western Cape, has become a talking point online as foreign investors are apparently taking advantage.
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Farmers vow to besiege Paris to win govt concessions
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Temporary channels being created to aid Baltimore bridge response
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Dollar weakens further as rate cut bets build, but equities mixed
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Illegal mining, smuggling threaten Ghana's cocoa industry
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Miner Anglo American rejects BHP's $38.8 billion takeover bid
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Nissan annual net profit nearly doubles on-year
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year. Thursday's results struck a different tone to an announcement last month when Nissan trimmed its sales and profit outlook for 2023-24, predicting a more modest net profit of 390 billion.
Chinese cities lift curbs on buying homes as property crisis bites
Two of China's wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Several of the biggest cities, including Beijing, Shanghai and Shenzhen, have partly lifted curbs but have resisted dumping them entirely.
Spanish bank BBVA goes hostile in Sabadell takeover bid
Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant. BBVA president Carlos Torres Vila is scheduled to take part in a press conference on Thursday at noon (1000 GMT) to discuss its hostile takeover bid for Sabadell.
Chinese city lifts curbs on buying homes as property crisis bites
One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Several of the biggest cities, including Beijing, Shanghai and Shenzhen, have partly lifted curbs but have resisted dumping them entirely.
Asian markets mixed as traders eye rate cuts
Asian traders fought to get a recent rally back on course Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central banks were on course to cut interest rates. "As the Federal Reserve extends the timeline for interest rate cuts, historical data shows that longer Fed pauses often correlate with better equity returns.
Bank of England set to hold rate at 16-year high
The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast. With the central bank set to keep the status quo, focus will be on accompanying statements for clues on when it may start cutting the interest rate.
China's Xi in Hungary to celebrate 'new era' with Orban
Hungarian Prime Minister Viktor Orban will host Chinese President Xi Jinping in Budapest on Thursday in a bid to strengthen already flourishing ties between Beijing and its closest EU ally. After a dinner featuring traditional Hungarian specialities on Wednesday evening, Xi will be received with military honours in Budapest on Thursday morning, alongside Hungarian President Tamas Sulyok.
US forges new 'battery belt' in hopes of electric future
Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put. By 2028 the $13.9 billion battery plant will employ 5,100 people, up from some 800 now, said Sean Suggs, president of Toyota Battery Manufacturing, North Carolina.
EU eyes first ever sanctions on Russia's LNG sector
The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday. The EU has already unleashed 13 rounds of unprecedented sanctions against Russia since its 2022 invasion of Ukraine, many of which target its key oil and gas exports.
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