The famous V&A Waterfront generated over R11 billion in 2025, averaging more than R30 million daily while supporting thousands of jobs in Cape Town.
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Climate pledges of big firms 'critically insufficient': report
From carmakers to fast fashion, dozens of major international companies are failing to reduce their greenhouse gas emissions at the pace required to slow climate change, a report said Tuesday. Distinguishing real cuts to planet-heating greenhouse gas emissions from "unsubstantiated greenwashing" was a major challenge, particularly for consumers, they said.
JPMorgan Chase CEO warns inflation could stay high
Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday. Dimon pointed to ongoing fiscal investment, trade policy shifts and green economy spending as inflationary drivers in spite of many economic indicators that have remained "good."
US 'will not accept' flood of below-cost Chinese goods: Yellen
The United States "will not accept" a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said Monday as she wrapped up high-level talks in China.
Asian markets mostly rise as traders weigh rates outlook
Most Asian markets squeezed out gains Monday as traders weighed the chances of the Federal Reserve cutting interest rates this year after a forecast-busting US jobs report dented hopes for a first move in June. The sliver of hope for a halt to fighting weighed on oil prices Monday, with both main contracts down more than one percent.
S. Korea probes Temu over alleged false ads, unfair practices: Yonhap
South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday. The South Korean probe report follows similar concerns voiced by regulators and lawmakers in other parts of the world, especially over the firm's use of personal data.
Pakistan's delicate Eid bangles go from furnace to forearms
Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid-al-Fitr celebrations.
ECB tipped to pause one last time before June rate cut
Buoyed by falling inflation, the European Central Bank is expected to keep borrowing costs on hold one last time Thursday while laying the ground for a first interest rate cut in June. Like other central banks, the ECB is now weighing the best time to switch gears and support economic growth through lower rates -- without endangering the progress on inflation.
'Panama Papers' trial to begin eight years after tax scandal
Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The fact that part of its laws against money laundering did not exist when the Panama Papers revelations emerged could complicate efforts by the judiciary to achieve convictions.
US nuclear industry upbeat on small reactors, despite setback
Despite the recent cancellation of a next-generation US nuclear plant, backers of the carbon-free power source remain hopeful new projects will come on line by the end of the decade. Another project in development is by Ultra Safe Nuclear Corporation, which has selected Gadsden, Alabama for its Micro-Modular Reactor (MMR) assembly plant, which is supposed to go on line in 2027.
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