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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BP picks new CEO following Looney sacking
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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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Kyrgyzstan to stop accepting Russian payment cards
Kyrgyzstan will stop accepting Russia's Mir payment cards amid concerns it could expose the country's financial sector to Western sanctions, the national payments operator said Tuesday. It cited the US Treasury's decision to sanction the Russia's National Card Payment System, the Mir operator, in February.
Heathrow exec appointed new head of Britain's Royal Mail
Logistics and mail group International Distributions Services on Tuesday said it had appointed Emma Gilthorpe as chief executive of its subsidiary Royal Mail. Gilthorpe will join the embattled British postal operator on May 1, working with group chief executive Martin Seidenberg before taking over fully later in the summer months.
Tesla Q1 auto deliveries fall 8.5 pct, shares drop sharply
Tesla reported an 8.5 percent drop in first-quarter auto deliveries, missing estimates from leading analysts and weighing on shares. Elon Musk's auto giant reported 386,810 deliveries over the period, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers.
Superdry shares plummet as CEO rules out takeover
Shares in troubled British clothing brand Superdry dived Tuesday after its chief executive ruled out a takeover of the troubled company. However, shares tumbled more than 50 percent to 14.14 pence in London afternoon deals on Tuesday after Dunkerton indicated he had decided against such a move.
Trial over $1.8 bn fraud at Malaysia's 1MDB opens in Switzerland
Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multibillion-dollar financial scandal.
Indonesia buys two submarines from France's Naval Group
Indonesia has ordered two Scorpene-class attack submarines from France's Naval Group as part of a defence cooperation agreement signed with Paris in 2021, the company said Tuesday. Under the 2021 agreement with France, Indonesia has also placed an order for 42 Rafale fighter jets worth a total of $8.1 billion.
'Bombshell': Ajax suspend CEO over insider trading suspicions
Ajax announced on Tuesday they were suspending CEO and chairman Alex Kroes on suspicion of insider trading, piling more woe on the Dutch giants who have endured a horror season. The club said they had learned that Kroes bought more than 17,000 Ajax shares a week before his intended appointment was announced on August 2, 2023.
Hong Kong rally leads Asian markets, traders assess Fed rate plans
Hong Kong led most Asian markets higher Tuesday as traders returned from an extended weekend break to forecast-beating Chinese factory data that lifted hopes for the world's number-two economy. Chinese consumer tech giant Xiaomi led gains in Hong Kong, soaring as much as 15 percent on news that orders for its first electric vehicle -- launched in Beijing on Thursday -- had topped estimates.
Swan song for General Electric as it completes demerger
The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.
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