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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SA reacts as SARB governor Lesetja Kganyago cuts repo rate by 25 basis point to 10.5 percent
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London mayor urges closer UK ties with EU
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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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Zimbabwe launches new gold-backed currency
Zimbabwe's central bank launched a new "structured currency" backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilise the country's long-floundering economy. The government has previously resorted to various expedients to stabilise the economy, including issuing gold coins and launching a gold-backed digital currency but they have yielded little results. str-ub/kjm
World food prices rise for first time in 7 months: FAO
Global food prices rose in March, the first increase since July, pulled higher by cooking oil prices despite the cost of grains continuing to ease, the UN's Food and Agricultural Organization said Friday. Dairy prices rose by 2.9 percent in March on a monthly basis, while meat prices climbed 1.7 percent.
China's green-tech manufacturing powerhouse
China has extended its manufacturing domination to clean energy industries in recent years, alongside a global push for climate change action, but that is starting to worry the United States, Europe and others. Here is a look at China's power in these green tech sectors: - Solar dominance - China is the world's biggest emitter of the greenhouse gases driving climate change, such as carbon dioxide.
Yellen in China calls for 'level playing field' for US firms
US Treasury Chief Janet Yellen called on Friday for a "level playing field" between American and Chinese companies, telling officials during a visit to southern China that Beijing's industrial subsidies threatened that balance. But, she stressed, that required "a level playing field for American workers and firms", as well as "open and direct communication on areas where we disagree".
Asian equities tumble, oil extends gains on Middle East worries
Asian stocks tumbled Friday and oil extended the previous day's surge on worries that Israel's war with Hamas could widen to a regional conflict with Iran as both sides ratcheted up tensions. It extended those gains Friday, along with West Texas Intermediate.
German firms help 'rebuild' Russian-occupied Mariupol: report
Two German construction companies are taking part in rebuilding Russian-occupied Mariupol, the Ukrainian city that fell to Moscow's invading forces two years ago, a German press investigation claimed on Thursday. Mariupol fell to Russian forces after a two-month siege that cost the lives of thousands and left the city in rubble.
IMF chief Georgieva sole candidate in reelection process
The International Monetary Fund confirmed Thursday that its current managing director is the only candidate to lead the international financial institution once her first term expires later this year.
EU chief plunged into controversy over top job pick
European Commission chief Ursula von der Leyen is facing calls from senior officials and lawmakers to justify her choice of candidate to staff a top new EU role, according to a letter seen by AFP on Thursday.
US trade gap grows in February to highest level since April 2023
The US trade deficit expanded in February by more than analysts expected to reach its highest level since April 2023, as imports once again exceeded exports, according to government data published Thursday. The February increase reflected a $7.1 billion rise in imports from a month earlier, which was counteracted by export growth of just $5.8 billion, meaning the overall trade gap rose.
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