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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Yen sinks to 34-year low past 160 per dollar
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Huthis fire at ship off Yemen as they threaten wider campaign
A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.
Economic hard times make Swedes cut back on drinking
A slumping economy gave Swedes less to cheer about last year as alcohol consumption fell the most in nearly a decade in the Nordic country, excluding the 2020 pandemic, research showed Friday.
Eyes on Bank of Japan as unions announce big wage hikes
Japan's largest trade union said Friday it had secured the highest wage hikes since 1991 in preliminary data that stokes speculation the central bank will finally shift away from its outlier ultra-loose monetary policy. The announcement will be closely watched by economists looking for signs that the Bank of Japan could soon scale back its long-standing monetary easing policies.
Vodafone sells Italian unit to Swisscom for 8 bn euros
British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group's European operations. The UK group said it intends to return four billion euros to its shareholders following the sales of its Italian and Spanish businesses, which together total 12 billion euros.
Nissan, Honda to explore partnership in electric vehicles
Japanese auto giants Nissan and Honda said Friday they had agreed to explore a strategic partnership in electric vehicles and other areas. But elsewhere Japanese firms' focus on hybrids has meant that they have been left in the slow lane in meeting the growing appetite for purely electric-powered vehicles.
Missile hits ship off Yemen as rebels threaten wider campaign
A missile strike damaged a merchant ship in the Red Sea off Yemen, marine security monitors said Friday, as the country's Iran-backed Huthi rebels threatened to expand their months-long harassment campaign which has disrupted global trade.
Eyes on Bank of Japan as unions announce wage hikes
The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy. Its announcement will be closely watched by economists looking for signs that the Bank of Japan could soon scale back its long-standing monetary easing policies.
Netherlands to select future attack submarines
The Netherlands was set to announce Friday who it has chosen for a multi-billion-euro contract to build four submarines for its navy, with a consortium headed by France's Naval Group favoured over German and Swedish rivals. The contract would be worth between 4 billion and 6 billion euros ($4.4-6.5 billion), according to newspaper De Telegraaf.
Asian markets sink on rate worries as US inflation surprises
Asian markets sank in line with Wall Street on Friday after a sharper-than-expected jump in US wholesale prices dealt a blow to hopes for interest rate cuts. The bank's dot plot estimates for rates through the rest of the year will also be closely examined, with markets pricing in three cuts -- in line with policymakers' most recent forecasts.
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