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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South African unemployment rate for women continues to rise as South Africans face hopelessness
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Mideast-related oil price spike threatens 'relatively good' economic outlook: IMF chief economist
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US hiring slows more than expected in sign of cooler market
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Fly larvae: Costa Rica's sustainable protein for animal feed
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Progress in US inflation fight 'has likely resumed': Fed official
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Asian stocks track Wall St record after Fed keeps rate projection
Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Hermes faces US lawsuit over 'refusal' to sell Birkin bag
Fashionistas desperate to get their hands on an exclusive Birkin handbag are suing Hermes in California on grounds the company won't sell them one unless they buy other luxury products first. One of the plaintiffs, Tina Cavalleri, says she inquired about buying one of the coveted handbags from the French company in 2022.
US Fed holds key rate, pencils in 3 cuts this year
The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year. - Balance sheet discussions - Fed chair Jerome Powell is set to take questions from reporters later Wednesday, with much of the attention likely to focus on the path of interest rate cuts.
Biden admin unveils strict auto standards to speed electric shift
President Joe Biden's administration announced Wednesday revised pollution standards for cars and trucks meant to accelerate the US auto industry's shift to electric to mitigate climate change. Those shifts were criticized as a sop to corporations from at least one environmental group, even as the final rule won praise from other leading NGOs focused on climate change.
US steelworkers union backs Biden in reelection bid
US President Joe Biden won the endorsement of the United Steelworkers (USW) union Wednesday, less than a week after saying he opposed the proposed sale of US Steel to Japan's Nippon Steel.
No oil and gas majors aligned with climate targets: report
All major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 degrees Celsius, a new report said Wednesday. UK oil and gas giant Shell last week also watered down its targets on cutting carbon emissions, although it insisted it sought a "balanced and orderly transition away from fossil fuels to low-carbon energy".
Gucci owner Kering's shares head toward historic fall
Gucci owner Kering headed toward its worst day ever on the Paris stock market on Wednesday after it warned that it was expecting a sharp drop in sales in the first quarter. Kering, whose other brands include Yves Saint Laurent, Balenciaga and Bottega Veneta, will publish its first quarter sales on April 23 after the stock exchange closes.
Polish farmers block roads in new Ukraine imports protest
Polish farmers on Wednesday staged tractor blockades on roads nationwide in their latest protest against farm imports from outside the European Union, in particular Ukraine, and the bloc's environmental regulations. On Wednesday, EU member states and lawmakers reached a deal to cap duty-free imports of some Ukrainian grains in response to the complaints by Polish and other EU farmers.
'Overly rosy picture': KLM loses Dutch 'greenwashing' case
Dutch airline KLM misled consumers with "vague and general" adverts about its efforts to reduce the environmental impact of flying, an Amsterdam court ruled Wednesday in a greenwashing case brought by a pressure group. In the case of SAF, the court ruled that while it can contribute to reducing the harmful impact of flying, "the term 'sustainable' is too absolute and not sufficiently concrete.
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