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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US Fed to meet amid dwindling hopes of summer rate cuts
The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts.
Gaza set to dominate Saudi-hosted global economy summit
The war in Gaza and broader Middle East tensions are expected to get top billing at a Saudi-hosted special meeting of the World Economic Forum that begins on Sunday.
Olympic deal shows bubbling market for zero-alcohol beers
For the first time this summer, as sportswomen and men strive for victory in Paris, spectators will be able to sip the official beer of an Olympic Games. But as the market has grown, brewers have upped their game and spent big on making their products more palatable.
Rating agencies doubt France's target to cut massive debt
Two major ratings agencies left their assessment of France's huge debt pile unchanged Friday, but cast doubt on the government's debt reduction target. But both agencies cast doubts.
Daimler Truck braces for possible strike in 3 southern US states
Around 7,200 workers with Daimler Truck in three southern US states were poised Friday for a potential strike as labor contract talks headed down to the wire. Representatives for the United Auto Workers and Daimler Truck have been in talks over a new contract to replace the one that expires at midnight Friday night for workers who build long-haul trucks and buses.
US oil giants' profits dip as Exxon deal nears finish line
ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's. While ExxonMobil's Pioneer deal appears on the cusp of closing, Chevron's proposed $53 billion takeover of Hess hit a speedbump following a challenge from ExxonMobil.
France, Germany sign deal on 'tank of the future'
France and Germany on Friday firmed up plans to jointly develop a next-generation battle tank equipped with artificial intelligence and laser technology, billed as a game changer in modern warfare. In 2017, Germany and France agreed to jointly develop the next-generation battle tank as a successor to the French Leclerc and German Leopard tanks, starting in 2040.
Man City's Premier League charges to be resolved in 'near future'
Premier League chief executive Richard Masters on Friday revealed the case against Manchester City for alleged financial breaches will be resolved in the "near future".
US Fed's favored inflation measure accelerates, dimming rate cut hopes
The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer. The data published Friday also show that personal income accelerated last month, rising by 0.5 percent in March from a month earlier, the Commerce Department said.
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