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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Biden rule hikes fees for oil projects on public lands
Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration. "Let's be real: We need to get these oil companies off our public lands," said Evergreen Action's Mattea Mrkusic.
Thai group buys iconic Berlin department store
Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa. "We are pleased to add KaDeWe Berlin to Central Group's historic flagship luxury store real estate portfolio," said Central Group's chief executive, Tos Chirathivat.
Solid profits at banks as execs debate US economic risks
Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.
Vietnam's multi-billion dollar fraud case: key things to know
A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. Many of its real estate projects are in prime locations in central Ho Chi Minh City.
Patek Philippe chief not worried for top-end Swiss watches
Patek Philippe's chief says he is not anxious about the prospects for top-end timepieces, despite Swiss watch exports slowing overall after three years of spectacular growth. "Right now, I can't think of a market in trouble -- not at the top end, in any case," Stern said.
Asian stocks struggle to track Wall St higher, earnings in focus
Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks. Analysts said that while reducing interest rates would be a major boost for equities, investor optimism about company profits was crucial.
Educated and unemployed: India's angry young voters
At a run-down job centre in the suburbs of India's financial capital Mumbai, 27-year-old Mahesh Bhopale dreams of a well-paid government post -- just like millions of other young, unemployed graduates. The International Labour Organization estimates 29 percent of India's young university graduates were unemployed in 2022.
Ohtani translator charted with stealing over $16 mn from Dodgers star
The former Japanese-language translator for Shohei Ohtani was charged with bank fraud on Thursday for allegedly stealing more than $16 million from the Los Angeles Dodgers superstar to pay off gambling debts.
French PM, Trudeau defend Canada-EU trade pact
Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature. Attal also "welcomed Canada's support for Ukraine."
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