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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Meta turns to AI to protect minors from 'sextortion' on Instagram
Meta said on Thursday it was developing new tools to protect teenage users from "sextortion" scams on its Instagram platform, which has been accused by US politicians of damaging the mental health of youngsters. The legal filing alleged Meta had exploited young users by creating a business model designed to maximise time they spend on the platform despite harm to their health.
Coppola's 'Megalopolis' among entries for Cannes Film Festival
Legendary director Francis Ford Coppola will return to the Cannes Film Festival with his long-awaited epic "Megalopolis", organisers said on Thursday, announcing a line-up that includes some huge names of world cinema. But all eyes are likely to be on Coppola's "Megalopolis", marking the return of "The Godfather" director to the Cannes Croisette at the age of 85.
Reigning Hollywood studio Universal brings 'Wicked' to movie summit
Universal Pictures was crowned Hollywood's top studio last year, dethroning Disney at the box office for the first time in nearly a decade with a string of mega-hits like "The Super Mario Bros. "There's not much more you could ask for than being number one at the box office, and winning the Academy Award for best picture," said chairman Donna Langley during Universal's presentation on Wednesday.
Bumpy ride for electric cars in Europe
Electric cars are a key part of Europe's green transition plans but the road ahead remains littered with obstacles with 10 years to go before a crucial milestone.
Asia tracks Wall St losses as US data deals blow to rate cut hopes
Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.
Australia PM unveils plan to overhaul economy, invest in green energy
Mining superpower Australia will on Thursday announce a US-style scheme to pour public money into manufacturing and clean energy industries, joining the global race to build a cleaner and more resilient economy.
Germany's Scholz between tough talk and trade on China trip
Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing. Scholz himself has characterised his approach as "derisking", urging companies not to "put all your eggs in one basket" and to nurture ties with other trading partners.
ECB seen holding interest rates one last time
The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases. The Swiss National Bank kicked off the rate-cutting cycle last month when it lowered its main rate by 0.25 percentage points -- becoming the first major central bank to do so.
Panama plans dry alternative to drought-hit canal
Panama on Wednesday unveiled plans for a "dry canal" to move cargo between the Pacific and Atlantic oceans due to low water levels in its century-old maritime channel. Honduras presented an ambitious project for a freight railroad between the Pacific and the Atlantic in February, although it currently lacks the financing to build it. fj/dr/bfm
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