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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Canada budget forecasts 'soft landing' in 2024, avoiding recession
Canada is expecting a "soft landing" this year and will avoid a recession due to slightly improved growth despite relatively high interest rates weighing on the economy, the government's federal budget said Tuesday.
US Fed's Powell says inflation fight may take 'longer than expected'
The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts. In March, Fed policymakers penciled in three rate cuts for this year, leading markets to price in the first of them as early as June.
Yellen says US set to tighten sanctions on Iran soon
US Treasury Secretary Janet Yellen warned Tuesday of further sanctions targeting Iran following its unprecedented attack on Israel over the weekend, saying she expects Washington will take added action "in the coming days."
Behind the growth, Ivory Coast's debt fuels debate
Abidjan's soaring Alassane Ouattara bridge lit up at night in the colours of the national flag is Ivory Coast's jewel in the crown after years of investment. - 'Nothing to worry about' - "Debt in itself isn't a bad thing but we are facing in Ivory Coast's case unproductive debt," Ahoua Don Mello, vice president of the BRICS group of emerging nations, said.
IMF ups global growth forecast but signals medium-term pessimism
The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday. "The global economy continues to display remarkable resilience, with growth holding steady and inflation declining," IMF chief economist Pierre-Olivier Gourinchas told reporters on Tuesday.
Spain's tourism revenue seen hitting new record in 2024
Spain's tourism sector is expected to post record revenues again in 2024, the Exceltur tourism association said Tuesday, adding it was concerned at growing anger in the country against overtourism. "Our concern is to continue to grow tourism in Spain so that it is sustainable and does not generate social revulsion," Zoreda said when asked about the growth of these anti-tourism movements.
Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
Milan design fair opens with sustainability and David Lynch
One of the world's leading design events, the Salone del Mobile, opened in Milan on Tuesday, marked by sustainability, craftsmanship and two "thinking rooms" from David Lynch. Among the fair's main attractions are two identical "thinking rooms" designed by Lynch, conceived as symbolic doors through which a visitor must pass to become immersed in the exposition.
Meta 'supreme court' takes on cases of deepfake porn
Meta's oversight board said Tuesday it is scrutinizing the social media titan's deepfake porn policies, through the lens of two cases. The board can make recommendations regarding the social media giant's deepfake porn policies but it is up to the tech firm to actually make any changes.
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