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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Fly larvae: Costa Rica's sustainable protein for animal feed
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Yen sinks to 34-year low past 160 per dollar
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Economy relies on ANC presidential election outcomes, Ramaphosa needs to stay in power for the Rand's sake
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Designer Matthew Williams leaves Givenchy
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IMF officially process to find new managing director
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
Cuba's currency conundrum: four ways to pay
"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.
Methane emissions from energy sector rose in 2023: IEA
Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy Agency said Wednesday. It said nearly 120 million tonnes was released in 2023 -- a small rise compared with 2022, and close to the record high in 2019.
UK agrees closer Texas trade ties as US talks stall
Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States. As well as failing to secure a US-wide deal, negotiations have paused on talks with Canada.
Volkswagen 2023 profits rise, but warns on slow sales growth
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down. Sales growth is similarly expected to come in at five percent, well down on 2023.
EU media freedom law approved by lawmakers
The EU is set to better protect journalists from political pressure and surveillance under an unprecedented media freedom law approved by the European Parliament on Wednesday.
Adidas reports 2023 loss on Kanye fallout
Adidas on Wednesday reported a loss in 2023 due to the fallout from the end of its tie-up with Kanye West, but the company insisted it was starting to turn its fortunes around. But CEO Bjorn Gulden, who was brought in to lead the company from rival outfitter Puma shortly after the West tie-up fell apart, struck an upbeat tone.
EU parliament adopts 'historic' rules on AI
The European Parliament gave final approval on Wednesday to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI's ChatGPT. Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed, while also fostering innovation on the continent.
Musk visits Tesla's sabotage-hit German factory
Elon Musk travelled Wednesday to Tesla's factory near Berlin to lend his workers "support" after the plant was forced to halt production by a suspected arson attack on nearby power lines. With his son X AE A-XII in his arms, Musk said: "I am here to support you."
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